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 Central Bank of Cyprus (CBC) began collecting ...
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 year.
This time the President ...
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 strengthen it.
Parliament’s ...
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 Thursday.
The NPL ratio rose ...
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 a situation that could ...
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 Central Bank of Cyprus released on Friday.
In contrast, ...
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 between Cyprus and Greece, as ...
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 concerns within the European authorities concerning the ...
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 Cypriot banks participating in this ...
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 Wednesday addressing the bank association ...
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 March 2013 decision ...
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 particular territory. Everyone has the ...