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...
banks
How have skyrocketing interest rates affected banks?
By Andreas Charalambous and Omiros Pissarides The prolonged period of rising inflation over the past year and a half has pushed major Central Banks to...
Flurry of activity over Russian accounts
Sanctions imposed on Russia and Russian citizens so far will not significantly impact the Cypriot economy as its banks have very satisfactory levels of capital...
US welcomes cooperation with Cyprus on sanctioned individuals
US Ambassador to Cyprus Julie Fisher has hailed the cooperation between the US and Cyprus in holding to account those enabling Russia’s war on Ukraine....
Bad loans in Cyprus will not increase, finance minister assures
There are no concerns over an increase in bad loans for Cyprus’ banks, Finance Minister Makis Keravnos said on Thursday after a meeting with the...
Our View: Bill covering voluntary retirement schemes is thievery
President Nikos Christodoulides has kept his election promise to make the bank employees who took voluntary early retirement eligible for unemployment benefit. The government has...
Our View: Bank-bashing is a frequent activity of populist politicians
The populists of the political parties have found a new, worthy cause in the last few weeks – to protect people from rising interest rates....
Keravnos meets Herodotou to discuss banking system
Finance Minister Makis Keravnos met on Friday with Central Bank Governor Constantinos Herodotou to discuss issues in the banking system, a day after he had...
Deposit rates to rise but not just yet
Banks have been criticised for being slow in responding to the recent ECB interest rates hike Cyprus’ main banks are set to increase interest rates...
Performance of Cyprus banks disappointing since 2015
Bankers failed to make use of idle cash and help create a healthy, equitable economy The activities and performance of Cyprus banks during the Anastasiades...
