Net new lending in Cyprus exceeded pre-pandemic levels in 2022
Net new lending in Cyprus stood at €3.23 billion in 2022, reflecting a 10 per cent increase compared to the previous year, despite the uncertainty...
banking
Cyprus lending rates continue to rise
Lending rates in Cyprus rose again in December 2022, with deposit rates also moving higher amid the European Central Bank’s normalisation of key interest rates,...
Cypriot banking sector solvency index reaches 21.2 per cent
The overall solvency ratio of the Cypriot banking sector stood at 21.2 per cent at the end of September 2022, its highest level since the...
Lagarde, ECB board due in Cyprus next month
President of the European Central Bank (ECB), Christine Lagarde, will be in Cyprus next month. This will be her second visit to the island this...
Lebanon president, amid financial meltdown, returns amended bank secrecy law to parliament
Lebanon’s president on Wednesday returned to parliament an amended banking secrecy law that lawmakers passed around a month ago, saying it needed further tweaks to...
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...
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...
