Banking and Finance

The Central Bank of Cyprus (CBC) on Tuesday announced the launch of a new Innovation Hub in the field of financial technology (fintech), in an effort to encourage and support ...

BlackRock (BLK.N) plans no major changes to the way it engages with companies and votes on environmental and social issues in the year ahead, despite a backlash against its ...

Limassol-based rating agency Capital Intelligence this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of the Bank of Cyprus (BoC) to ‘BB’, from ‘BB-‘. In ...

The Bank of Cyprus was named Bank of the Year in Cyprus for 2022 by the international magazine ‘The Banker’. According to an announcement from the Bank of Cyprus, Panicos Nicolaou, ...

By Maria Demertzis Central bank digital currencies (CBDCs) have become a reality in ten countries: a number of countries in the Caribbean plus Nigeria. As a digital equivalent of a ...

Panicos Nicolaou’s term in office as Chief Executive Officer (Ceo) of the Bank of Cyprus has been extended for another 4 years. During meetings on Friday, the Boards of Directors ...

European shares slid on Friday, ending the week sharply lower after major central banks flagged further rate hikes, while economic activity data from the euro zone failed to assuage concerns ...

Cyprus’ GDP is estimated to have reached a growth rate of 5.8 per cent for 2022, according to a report released on Friday by the Central Bank of Cyprus (CBC). However, in ...

Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it will raise rates higher than it ...

Capital Intelligence Ratings (CI Ratings) this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Hellenic Bank (HB) to ‘BB’ from ‘BB-‘ and affirmed the ...

The European Central Bank raised interest rates for the fourth time in a row on Thursday, although by less than at its last two meetings, pledged further hikes and laid ...

A ninth interest rate hike in a row by the Bank of England looks to be a foregone conclusion on Thursday and investors will be looking for clues on how ...

Barclays (BARC.L) is exploring a return to Saudi Arabia in a bid to capture a slice of the country’s burgeoning capital markets, two people close to the matter ...

The Cypriot banking system incurred losses after tax of €36 million, on a consolidated basis, in the first half of 2022, compared to profits of €22.54 million in the corresponding period of 2021, according ...

The Central Bank of Cyprus (CBC) announced this week that it successfully held a one-day event in which it sought to bolster financial literacy awareness among secondary education teachers. The ...

The European Central Bank’s Single Supervisory Mechanism (SSM) on Monday announced its intention to focus on credit risk provisions and, more broadly, new lending procedures, due to the deterioration ...

Hellenic Bank CEO Oliver Gatzke returned to his duties today following a recent decision by the bank’s board of directors after an investigation into allegations of statements and actions ...

The dollar climbed on Monday after data on Friday showed US producer prices had risen more than expected last month, pointing to persistent inflationary pressures and a chance the Federal ...

Microsoft (MSFT.O) is to take a 4 per cent equity stake in London Stock Exchange Group (LSEG.L) as part of a 10-year commercial deal to migrate the exchange operator’...

By Maryna Chernenko Women have become a considerable force in the financial world. According to BCG’s data, they are adding $5 trillion to the global wealth pool every year at ...

Chief Banking Officer at Hellenic Bank Phivos Stasopoulos on Friday addressed the tenth Banking Forum and Fintech Expo, touching on a number of issues, including the challenges facing the banking ...

Governor of the Central Bank of Cyprus Constantinos Herodotou this week told the Bloomberg Global Regulatory Forum 2022, which was held in London on December 6, that any recession is expected to ...

The island’s central bank governor Constantinos Herodotou on Friday stressed the need for a prudent provisioning policy for bad loans in the midst of negative macroeconomic developments. Herodotou made ...

Britain set out 30 measures to overhaul the financial sector on Friday, including a repeal of ‘burdensome’ EU rules the government says will unlock investment and maintain the City of London ...