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...
banks
Cybercrime activity: Public Interest v. Confidentiality
By Chrysanthos Christophorou One of my most recently published articles dealt with cybercrime and its rapid expansion in recent times. The article provided an overview...
EU Commission expected to green-light ‘mortgage to rent’ scheme
The government anticipates that the European Commission will soon give it the green light to roll out the ‘mortgage to rent’ scheme. Speaking to the...
State not responsible for losses suffered by Laiki customers, court rules
A court has ruled that the state has no responsibility for the bail-in imposed on depositors of Cyprus Popular Bank (CPB) in 2013, when the...
Ahead of visit, Lagarde optimistic Cyprus can weather current storm (Updated)
European Central Bank (ECB) President Christine Lagarde is optimistic that Cyprus will use the flexibility it has shown many times in order to face the...
Akel: Taxpayer to pay millions for wrong closure of FBME bank
Main opposition Akel have hammered the government over its decision to shutter Tanzania-based FBME bank some seven years ago, following a court ruling here last...
CBC says measures in place to limit impact of Ukrainian crisis on Cyprus banking sector
The Central Bank of Cyprus (CBC) said on Saturday that all necessary precautionary measures have been taken to minimise any impact of the war in...
Loan restructurings in Cyprus reach a historic high – CBC
Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to...
Lies, damned lies, and … the World Bank
By George M Georgiou Although the phrase “lies, damned lies, and statistics” is often attributed to Mark Twain, no one can say with certainty...
CBC, stakeholders agree on ten steps to speed up banking procedures
The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders have agreed on ten steps to rationalise banking procedures. These include Know-Your Client...
