Banking and Finance

The Central Bank of Cyprus (CBC) on Friday announced that the reference interest rate for loan transactions has been set at 11.42 per cent. This reference rate serves as a legal ...

The Bank of Cyprus Holdings Public Limited Company announced on Friday that it has repurchased a total of 227,383 of its own ordinary shares between April 17 and April 24, 2025, as part of ...

The Mall of Cyprus (MC) Plc this week reported a strong financial performance for the year ended December 31, 2024, with net profit after tax reaching €10.46 million, up from €9.67 million in 2023. The ...

The Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), part of the Cyprus Chamber of Commerce and Industry (Keve), held its annual general meeting earlier this month in Nicosia. ...

Cyprus recorded a positive economic growth rate of 3.4 per cent in real terms for 2024, with its gross domestic product (GDP) reaching €33.57 billion at current prices. In addition, according a report ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides has warned that the United States’ decision to impose high tariffs on imports globally is exacerbating international economic uncertainty, with potential medium-term ...

Plum CEO and founder Victor Trokoudes has welcomed the European Central Bank’s (ECB) decision to cut interest rates, calling it a “strong signal” that the bank is delivering on ...

Here are the top business stories in Cyprus from the week starting April 14: Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face ...

Banks in Cyprus should not treat ordinary people with the same level of strictness as they do large organisations and investors, governor the Central Bank (CBC) Christodoulos Patsalides said on ...

The ratio of non-performing loans (NPLs) in the Cypriot banking sector edged up slightly to 6.3 per cent at the end of January 2025, from 6.2 per cent in December 2024, according to updated ...

The outlook for Cyprus’ tourism sector appears slightly brighter this year, with early bookings for the first half of 2025 showing a better trend than the same period in 2024, according to ...

The Bank of Cyprus on Thursday announced a reduction in its reference lending rate by 0.25 percentage points, responding directly to the European Central Bank’s latest rate cut. As of ...

The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a ...

The Bank of Cyprus announced on Thursday that it repurchased a total of 281,147 of its ordinary shares between April 11 and April 16, 2025, as part of its ongoing €30 million share buyback programme. ...

The Cyprus Securities and Exchange Commission (CySEC) has announced regulatory action against members of the board of Itrade Global (Cy) Ltd, following findings of non-compliance with the Investment Services and ...

CNP Cyprus on Wednesday announced the completion of the agreement between CNP Assurances and Hellenic Bank for the acquisition of the CNP Cyprus Group and its companies, CNP Cyprialife, CNP ...

AstroBank on Wednesday posted an after-tax profit of €41.8 million for the year ending December 31, 2024, along with a capital adequacy ratio of 31.1 per cent, its highest ever. AstroBank Chief Executive Officer ...

The 15th Nicosia Economic Congress spotlighted Cyprus’ emerging generation of business leaders, highlighting a clear shift toward innovation, digital transformation, and socially conscious entrepreneurship. Supported by Hellenic Bank, this year’...

Interior Minister Constantinos Ioannou on Tuesday said that the government is moving ahead with a series of draft laws which aim to improve land development and construction processes in Cyprus. ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that assets under management (AUM) by Collective Investments surged to €10.1 billion in the fourth quarter of 2024. This represents a quarter-on-quarter ...

Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face of international turbulence, according to the Employers and Industrialists Federation (Oev). Moreover, the ...

Hellenic Bank on Monday released a statement reaffirming its leadership in sustainability by becoming the first company in Cyprus to voluntarily adopt the Corporate Sustainability Reporting Directive (CSRD) and the ...

The Bank of Cyprus, along with its subsidiaries, on Monday announced the signing of a binding agreement to acquire 100 per cent of Ethniki Insurance Cyprus Ltd from Ethniki Hellenic General ...

Here are the top business stories in Cyprus from the week starting April 7: Cyprus has the potential to become a key location for data centres, according to Andreas Poullikkas, an ...