Banking sector NPL ratio increases, deposit interest rates fall slightly
The non-performing loan ratio (NPL) of the Cypriot banking sector increased in January, according to a report by the Central Bank of Cyprus released on...
banking
The end, and the beginning of a new era for RCB
By Yiannis Seitanides RCB Bank’s coordinated exit from the financial markets has entered the final stretch, with the supervisory authorities in Nicosia and Frankfurt managing...
Cyprus Business Now
Non-performing loans (NPLs) remained virtually unchanged in November, reaching € 4.24 billion from € 4.26 billion the previous month, according to a report by the...
Cyprus Business Now
The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link...
A constantly evolving operating environment for banks
New EU banking package 2021: Stronger supervision, sustainability, strengthened resilience By Nicole K Phinopoulou The 2020 pandemic has caused new turmoil and highlighted the ongoing...
Cyprus Business Now
Central Bank of Cyprus governor Constantinos Herodotou said on Monday that he is seeking ways to expedite banks’ client digital onboarding and reviewing processes, with...
Coronavirus pandemic not managed to hold back banking sector
Despite the ongoing Covid pandemic, the Cypriot banking sector has achieved remarkable progress and was steadily headed towards viability, Finance Minister Constantinos Petrides said on...
Applicants withdraw case against 2013 Eurogroup decision
Consequences of the Eurogroup decision on Cyprus cases brought in the European Court of Justice By Nikos Korogiannakis and Antigoni Pafiti Multiple cases, related to the Eurogroup’s...
Offshore Banking – Things To Know
The world is a global village with companies and individuals constantly connecting and working together. Companies are no longer limited with their operations to a...
Nearly 6,000 Cyprus businesses enjoy suspended loan payments in May and June
Cyprus borrowers are being rewarded by not having to pay loan instalments in May and June. A total of 49,043 borrowers applied for a suspension...
