#banking

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 number of individuals in Cyprus, by ...

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 loans, resulting in reduced supply and ...

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 arrangement. The government bill, amending the ...

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 opportunities. The public disclosure requirements of ...

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, echoing the Central Bank’s ...

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 ...

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. Lawmakers have tabled two bills ...

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 that prompted the ...

The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...

Barclays (BARC.L) reported a 14 per cent fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal fees and multi-million dollar fines ...

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 created by the war in Ukraine, according to ...

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, according to a report released ...

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 ...

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’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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...