Bank of Cyprus posts €95 million profit — expects dividends ‘to build prudently’
The Bank of Cyprus on Tuesday announced that it generated a €95 million after-tax profit for the first quarter of 2023, a significant improvement over...
banking
European prosecutors question Lebanon finance minister over central bank governor fraud
European prosecutors on Friday questioned Lebanon’s Finance Minister Youssef el-Khalil, a senior judicial source said, as part of their probe into whether the country’s long-standing central...
Thousands of accounts to be closed because of sanctions
More than 4,000 accounts held by Russians in Cypriot banks could be closed over the next two months following the imposition of sanctions on a...
Stricter lending criteria lead to reduction in loans in Cyprus
The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of...
Former bank employees now eligible for unemployment benefits
The House on Thursday passed a law making some 1,000 former bank employees eligible for unemployment benefit, in what some commentators earlier called a scandalous...
Bank of Cyprus releases Pillar 3 Disclosures
The Bank of Cyprus released its Pillar 3 Disclosures on Wednesday, April 5, which contained forward-looking statements regarding the group’s future financial condition, performance, and...
Government reiterates Cyprus banks are resilient (updated)
The Cyprus banking system is resilient and able to cope with the ongoing issues faced by Credit Suisse, government spokesman Konstantinos Letymbiotis said on Tuesday,...
US banking system sound but not all deposits guaranteed, Yellen says
The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions after two large...
New bills aim to boost consumers’ banking rights
MPs on Tuesday said they hoped to soon bring to the plenum legislation beefing up the rights of consumers, particularly in relation to banking services....
Banking regulators shutter SVB, collapse unnerves investors
California banking regulators on Friday moved quickly to close startup-focused lender SVB Financial Group SIVB.O, the largest bank failure since the financial crisis, a sudden collapse...
