Banking and Finance

European Union banks’ plans for surviving a major crisis without having to tap central bank money will undergo intense scrutiny next year, the bloc’s banking watchdog said. The need ...

European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than raising them ...

State-owned asset management company Kedipes on Thursday announced that in the coming days, it will be returning interest payments totalling €4.6 million to borrowers with restructured credit facilities for the first ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday reported a positive growth trend in the Collective Investments sector for the first quarter of 2023, with the number of Management Companies ...

Eurobank Cyprus on Wednesday released its financial results for the first half of 2023, with the figures reflecting a solid performance characterised by strong capital adequacy and profitability. The bank’s ...

In an official statement released by Hellenic Bank this week, it has been confirmed that the bank has retained its position as the most adequately capitalised systemic bank in Cyprus, ...

In an unexpected move, Hellenic Bank on Tuesday announced that chief executive officer Oliver Gatzke will be stepping down from his position a year early. The decision comes after Gatzke ...

Cyprus has recorded a fiscal surplus of €155.5 million, equivalent to 0.5 per cent of GDP, during the first half of 2023, according to the latest preliminary results, released on Monday by the ...

Cyprus witnessed a significant surge in private debt during the first quarter of 2023, reaching a staggering 218 per cent of the country’s Gross Domestic Product (GDP), amounting to €60.1 billion, according ...

Britain’s markets watchdog is ready from Monday to jump on any firm failing to adhere to a new duty to justify charges to customers in one of the regulator’...

Cyprus’ Gross Domestic Product (GDP) growth rate and inflation rate are expected to reach 3 per cent, respectively, for 2023, consistent with the predictions made in May, according to a report released ...

Deposits in the Cypriot banking system experienced a notable surge in June, reaching a total of €52.3 billion, with liquidity, meaning the difference between deposits and loans, in the system amounting ...

Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched to a more cautious posture about further moves in a ...

The value of Cypriot government bonds held in the Eurosystem’s portfolio, through the Public Sector Purchase Programme (PSPP) and the Pandemic Emergency Purchase Programme (PEPP), has reached €7.12 billion and ...

The Bank of England looks likely to raise rates by a quarter-point to 5.25 per cent on Aug. 3, though economists and markets see a risk of a repeat of June’s ...

Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Now the country is preparing to use an old playbook to contain its problems. Sweden ...

Alpha Bank Cyprus this week announced that it is proactively rewarding its customers who remain diligent in repaying their variable-rate housing loans. According to the announcement, in line with its ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday announced its decision to impose an administrative fine of €100,000 on Cyprus Investment Firm BDSwiss Holding Ltd. According to the relevant announcement, ...

The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening as stubborn inflation and a growing risk of ...

A look at the day ahead in European and global markets Is the most aggressive US hiking cycle in a generation finished? After Wednesday’s 25 basis point hike, markets seem ...

Debt management firm Themis Portfolio Management on Wednesday released a statement in which it reaffirmed its commitment to collaborate with borrowers to find quick, transparent, and consensual solutions for credit ...

British billionaire Joe Lewis has surrendered to U.S. authorities in Manhattan and is expected to appear in court later on Wednesday to face insider trading charges, a spokesperson for ...

Deutsche Bank (DBKGn.DE) on Wednesday posted a 27 per cent fall in second-quarter profit as investment banking revenue slumped and warned of the need for cost cuts even though higher ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced a decision to impose a massive fine of €400,000 on the Cyprus investment firm Goldenburg Group Ltd. The commission explained that ...