Banking and Finance

In times of crisis, identifying and taking advantage of opportunities is crucial for economic growth, the president of the Cyprus Investment Funds Association (CIFA), Andreas Yiasemides, said on Thursday. Yiasemides ...

The governor of the Central Bank of Cyprus, Constantinos Herodotou, expressed optimism that with appropriate actions, prudence, and rationality, the country’s economy and banking system can successfully manage the ...

The employees of two Cypriot firms which were recently sanctioned by the UK, on Thursday sent an open letter decrying the effects that the freezing of these companies’ accounts has ...

It wasn’t the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver, head of a community bank tucked in the mountains of western Maryland, to rethink strategy. That ...

PwC Cyprus on Wednesday announced that it once again recognised the excellence of its trainee accountants, rewarding their significant distinctions in international exams by the Association of Chartered Certified Accountants (...

PayPal Holdings’ (PYPL.O) stock slumped 12 per cent on Tuesday, on track for its lowest close in almost six years, after the payments company cut the outlook for its annual ...

Hellenic Bank on Wednesday released a statement summarising its presence at the annual Nicosia Economic Congress, which took place the day before, including its strategy and plans for the future. ...

Some of Britain’s top finance executives, fearful London is losing out to New York and rival European cities, are pressing the government to broaden an array of reforms aimed ...

Alpha Bank Cyprus on Tuesday announced a new deposit interest rate for private accounts over €50,000 that reaches up to 2.10 per cent. In their official announcement, the bank stated that private ...

Central Bank of Cyprus governor Constantinos Herodotou on Tuesday addressed the annual Nicosia Economic Congress, providing analysis and commentary on the country’s economy, both for the previous year, as ...

Interest rates for housing loans increased by 1.25 per cent in March 2023, compared to February 2023, according to the most recent data published by the Central Bank of Cyprus (CBC). The rise ...

New loans in Cyprus increased in March 2023, reaching a total of €922.5 million, up from €527.5 million in the previous month, according to data released by the Central Bank of Cyprus (CBC). ...

The dollar began the week under pressure on Monday, with traders betting it might have peaked along with US interest rates, and selling it against peers that seem to have ...

The International Monetary Fund, in its Spring World Economic Outlook, released last month, provides an assessment of the global economy over the medium term, revised forecasts, and discusses underlying risks ...

Warren Buffett’s Berkshire Hathaway Inc BRKa.N posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc, while higher investment income and a rebound ...

Here are the top business stories in Cyprus from the week starting May 1: Credit rating agency DBRS Morningstar has acknowledged that the Cyprus government announced that it aims to achieve ...

The European Central Bank will continue raising interest rates until inflation is under control, two ECB policymakers said on Friday as surveys showed the fight against rising prices was far ...

Turkey’s central bank is sticking to its inflation forecast of 22.3 per cent for 2023, Governor Sahap Kavcioglu said on Thursday – less than half of market expectations – even though the decline ...

The European Central Bank raised interest rates by 25 basis points to 3.25 per cent as expected on Thursday and said it would stop reinvesting cash from maturing debt in its 3.2 trillion ...

European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently ...

The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase with what may be the last in a historic series of interest rate hikes and ...

AstroBank on Wednesday released its annual results for 2022, reporting strong profitability for the year, with net income reaching €12.2 million, and consequently increasing common shareholders’ equity to €203.7 million. According to ...

Household assets in financial instruments amounted to €59.7 billion at the end of December 2022, according to an announcement by the Central Bank of Cyprus (CBC) released on Tuesday. According to the ...

Euro zone banks are turning off the credit taps and a key gauge of inflation is finally falling, data showed on Tuesday, boosting the case for a smaller interest-rate increase ...