Banking and Finance

Here’s a summary of the top business news stories from the week starting April 3 in Cyprus: Eurobank Cyprus was awarded the “Best Private Banking Boutique in Cyprus” award by ...

The Central Bank of Cyprus (CBC) this week released a report stating that the country’s current account deficit reached €2.46 billion in 2022, equivalent to 9.1 per cent of the country’s ...

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it offering grants between €2,000 and €5,000 for the development of the domestic Bee Economy, through a new purpose-built scheme, ...

The Bank of Cyprus has once again been recognised as the best bank in Cyprus for 2023 in Private Banking, marking the seventh time the institution has received this accolade, according ...

The Bank of Cyprus on Thursday announced the establishment of a Sustainable Bond Issuance Framework, with a strategic goal of supporting the nation’s shift towards a more sustainable operational ...

Swiss lender Credit Suisse (CSGN.S) has won a $41 million lawsuit against a member of the Saudi royal family over a loan to refinance a super yacht, with London’s ...

Global Finance Magazine recently released its annual list of the best banks in Western Europe for 2023, with Hellenic Bank taking the top spot in Cyprus. According to an announcement by ...

The Finance Ministry’s Public Debt Management Office on Thursday announced that the Republic of Cyprus’ newly issued ten-year Sustainable Fixed Rate Reference bond, amounting to €1 billion, garnered immense interest, ...

The next monetary policy decisions on European Central Bank’s interest rates will be based on the incoming data, Philip Lane, chief economist and member of the ECB’s executive ...

For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last ...

Being in control of your finances has always been a priority, but with the world turning digital, it’s more important than ever to find a payments solution that works ...

Complaints from consumers about banks and other financial firms in Germany rose by a fifth last year, official data shows, as regulators flex their muscles to shore up trust in ...

The Association for the Protection of Borrowers (Syprodat) this week said that Cypriot banks have persisted with low deposit rates despite the ECB recently hiking the interest rate by 0.5 per ...

The Bank of Cyprus released its Pillar 3 Disclosures on Wednesday, April 5, which contained forward-looking statements regarding the group’s future financial condition, performance, and opportunities. The public disclosure requirements of ...

European banks are increasingly turning to bespoke deals with investors such as hedge funds to offload some of the risk on multi-billion euro loan portfolios and improve their financial strength, ...

ECB executive committee member and chief economist Philip Lane met with Central Bank of Cyprus (CBC) governor Constantinos Herodotou on Wednesday, after being invited by the latter to the island ...

UBS Group AG (UBSG.S) will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG (CSGN.S) in the biggest bank rescue since ...

DBRS Morningstar has confirmed the BBB rating with a stable outlook for Cyprus in both domestic and foreign currency over the long term, according to a report recently published by ...

Banks are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from regulators and markets, and changes to the rules may be needed, the Bank of ...

In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to ...

Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (...

Mitsubishi UFJ Financial Group Inc (8306.T) will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss ...

Eurobank Cyprus on Monday announced that it has been voted as the best bank for international private banking in Cyprus for 2023, an award bestowed upon the bank by Euromoney magazine ...

The bank created by the UBS (UBSG.S) takeover of Credit Suisse (CSGN.S) is poised to reduce its workforce by 20-30 per cent, Swiss daily Tages-Anzeiger reported on Sunday, ...