Fitch affirms Cyprus’ at BBB- with stable outlook but some risks
Fitch Ratings has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook saying the rating was underpinned by governance indicators...
banks
Bank holdups snowball in Lebanon as depositors demand their own money
Five Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday, in a spiralling spate...
Everyone knows profiteering is criminal
And the courts can do something about it Greed is the unacceptable face of capitalism, and profiteering in times of pestilence and war a...
Debt restructurings slow down in 2022 following a record year
By Gregoris Savva Debt restructurings in Cyprus declined to €545 million in the first half of 2022, with loan renegotiations slowing down following a record...
Pissouri homeowners plead with MPs
Residents of Pissouri on Thursday pleaded with MPs to help with mounting problems as a result of continuing landslides in the area, including the banks...
House unanimously passes law to fast-track part of lost Laiki deposits
By unanimous vote, the House on Thursday passed legislation aiming to fast-track the return of at least part of the moneys that legacy Laiki’s depositors...
Lenders told not to foreclose on properties if Estia approval still pending
The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the definitive conclusion of procedures within the Estia housing...
A challenge to union power
‘Standing up to bank employees union will take guts’ Negotiations for the renewal of the collective agreement at Hellenic Bank, which were on hold...
Karousos cancels meeting with bank workers union (Updated)
Transport Minister Yiannis Karousos, who is currently acting as interim Labour Minister while Zeta Emilianidou remains hospitalised in Athens with a brain aneurism, has cancelled...
Villages left reeling amid bank closures, ATM squeeze in digital push
Pissouri residents face 18km hike to closest BoC ATM after village branch closes in July Cyprus is facing its own crunch on ATMs and bank...
