Banks offering ‘insufficient’ support over interest rate hikes
Commercial banks have so far offered insufficient support amid interest rate hikes, the House commerce committee heard on Tuesday. During a session focusing on the...
banks
Finance minister meets banks over interest rates
Finance Minister Makis Keravnos on Tuesday met the bosses of commercial banks in a crunch meeting aimed at getting lenders to provide some relief to...
Questionable performances of Cyprus banks
Large increases in profits not due to better performance in using the funds of depositors to improve the economy Recent media reports on the...
Finance minister pleads with banks not to raise interest rates again
Finance Minister Makis Keravnos said on Monday he will have a new round of meetings with bank executives to see how lenders might refrain from...
Windfall tax under ‘serious consideration’
The government is “seriously considering” levying a windfall gains tax on banks to offset the earnings they’re making due to the rise in interest rates,...
Our View: Cyprus banks bounce back after ten years of uncertainty
After more than a decade of uncertainty, Cyprus’ two systemic banks, Bank of Cyprus and Hellenic Bank have made a full return to healthy profitability,...
Our View: Are borrowers more deserving of state support than the low paid?
One of the interest groups set up to protect people with bank loans on Tuesday called on the government to take measures to protect borrowers...
Cyprus banks facing a cocktail of challenges
Cyprus and global banking sectors are facing a cocktail of challenges that lead to radical change, banking expert Chris Davis told the Cyprus News Agency...
Minister urges banks to absorb interest rate hikes
Pledging to support vulnerable groups where needed while maintaining an ardent fiscal policy, Finance Minister Makis Keravnos on Tuesday said he expected more action from...
New bill allowing court challenges to foreclosures would be a disaster, banks warn
Banks warned on Friday that a proposed bill to allow loan defaulters to file a case in court to suspend the foreclosure process, posed a...
