Bank charges to be scaled back by decree to be issued next week
Financial authorities are to issue a decree to scale back on excessive bank charges, Finance Minister Constantinos Petrides and Central Bank Governor Constantinos Herodotou jointly...
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Cyprus prepares for new world order: negative interest rates
From March 3, corporate customers will pay for their cash deposits By Kyriacos Iacovides NEGATIVE interest rates by which a bank charges for cash...
Bank of Cyprus to suspend new charges
The Bank of Cyprus (BoC) announced on Thursday it would suspend the introduction of new charges for its services due to be introduced in January...
Peo union calls on finance minister to pressure banks over new charges
Left-wing umbrella union Peo said on Wednesday it has written a letter to Finance Minister Harris Georgiades calling on him to use everything at his...
‘Socially insensitive’ of BoC to hike charges after €100m handout for redundancies
A bank cannot dish out €100m in voluntary redundancies and pass that cost on to its customers “the next day” by massively hiking charges, ruling...
House threatens bank over increased charges
Lawmakers are urging banks to rethink a planned hike on commissions and charges which are poised to gouge customers, particularly those on lower incomes. Chair...
MPs take banks to task over excessive charges
MPs on Wednesday accused banks of profiteering over their charges for certain services like payment of utility bills and transfers between accounts. Members of the...
New webpage allows bank customers to compare charges
The finance ministry on Wednesday officially launched its new webpage where the public can compare bank charges relating to current accounts and other services, in...
New webpage lists bank costs, BoC charges most for cheque books
The finance ministry announced on Thursday the creation of a webpage where the public can compare bank charges relating to current accounts and other services,...
Our View: Increased charges a harbinger of change in banking
The increased charges and introduction of new ones put into effect by the Bank of Cyprus from August 1 caught many people by surprise. We...
New bank digital tool will be able to predict likely bad debtors
By Lizzy Ioannidou A new tool, which will be able to predict whether a borrower is likely to become a bad debtor or not, will...
Alpha Bank fined for unfair practices
The commerce ministry’s Consumer Protection Service has slapped Alpha Bank Cyprus Ltd with a €250,000 administrative fine, having found that the bank engaged in unfair...
Plenum to vote on abolishing some bank charges
The House plenum will next week vote on abolishing unfair bank charges. Chairman of the House Commerce Committee DISY MP Zacharias Zachariou on Tuesday said...
