Banking and Finance

The Association for the Protection of Borrowers (Syprodat) this week said that the government should immediately implement a new mechanism or modify any existing frameworks in order to resolve the ...

The Bank of Israel has instructed local banks to report more frequently on the movement of money in and out of Israel, a central bank spokesperson said on Tuesday. The ...

Household deposit and lending rates in Cyprus experienced a slight decrease in January 2023, while the corresponding rates for non-financial companies increased, according to a report by the Central Bank of ...

The inflation rate in Cyprus reached 6.7 per cent in February 2023, with the Consumer Price Index increasing by 0.87 points to 112.88 points, compared to 112.01 points in January 2023, according to a report by ...

The US dollar was broadly lower on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards a February jobs report at the end of the ...

Wealth management for institutional clients requires specialisation in order to deal with the tumultuous regulatory environment, as well as all new trends, challenges and opportunities, according to Eurobank Cyprus’ Menelaos ...

Deposits and loans in Cyprus experienced a net decrease in January 2023, according to a report released this week by the Central Bank of Cyprus (CBC). Based on the report, total ...

The Institute of Certified Public Accountants of Cyprus (Selk) this week released a statement congratulating newly-elected president Nikos Christodoulides for his recent election victory. “We also extend our congratulations to ...

By Maria Demertzis When Russia invaded Ukraine on February 24 of last year, the hope was that this unnecessary and brutal war would last only a few weeks. We are now ...

Looking forward to having the right Forex platform for you? Forex trading can often come with a lot of complexities. Yet the most interesting thing about Forex trading is the ...

Electronic trading platforms have significantly altered individuals’ and institutions’ investment and trading practices. For traders, the days of using just offline ways of trading have passed with the advent of ...

The Cyprus Investment Funds Association (CIFA) on Thursday announced that it has signed a memorandum of understanding with the University of Nicosia, with the two parties seeking to bolster their ...

Hellenic Bank on Wednesday released its financial results for 2022, posting a full-year profit of €24.2 million, marking a rise of 307 per cent year-on-year. In addition, it managed to further de-risk its ...

US payment giants Visa (V.N) and Mastercard (MA.N) are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook ...

Switzerland’s financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday. ...

By Andreas Charalambous and Omiros Pissarides Income inequality followed an increasing trajectory at a global level until the mid-1990s and a downward trend in the subsequent period. Over the ...

Financials earnings growth rate surges almost 45 per cent STOXX banks climbs to 5-year high UniCredit shares up a whopping 35 per cent YTD HSBC, SocGen express caution Europe’s banks, which ...

Cyprus’ government debt fell to €23 billion at the end of 2022, reflecting a 3.9 per cent decrease compared to December 2021, according to a report published on Friday by the Public Debt Management ...

Turkey’s central bank cut its main interest rate to 8.5 per cent from 9 per cent on Thursday, moving to cushion the economic impact of a devastating earthquake that killed more ...

Banks’ shares have stumbled as they forecast pressure on margins Central bank policy rate has risen to 4 per cent, after decade near zero Deposit rates have not risen as fast ...

Emilios Tannousis, chairman of the Cyprus Investment Funds Association’s training and HR committee, as well as manager of wealth management at the Bank of Cyprus, this week released a ...

Switzerland sent 58.3 tonnes of gold worth 3.3 billion Swiss francs ($3.6 billion) to Turkey in January, by far the most for any month in records stretching back to 2012, Swiss customs data showed ...

Bond investors are starting to trim holdings of US debt to brace for a possible government default that they see as highly unlikely but potentially seismic for financial markets around ...

Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life ‘bucket list’: Seeing his favorite band, Metallica, play ...