#banks

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 on deposits this year after ...

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 administration shows that they have ...

Greece’s Eurobank has doubled its shareholding in Hellenic Bank it was announced on Thursday. It acquired 12.6 per cent of Hellenic in 2021 adding another 13.5 per cent of the shares this ...

The return of deposits to those affected by the closure of Lebanese bank branches on the island in recent months was carried out in a timely manner with the oversight ...

Cypriots have low confidence in bank officials when it comes to their advice on making financial decisions, while about one-third claim their basic rights had been breached at least once ...

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 and GDP per capita levels ...

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 of holdups this week spurred ...

And the courts can do something about it Greed is the unacceptable face of capitalism, and profiteering in times of pestilence and war a most loathsome and wicked kind of ...

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 2021 due to the Covid-19 pandemic, and as ...

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 coming after them. They sought ...

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 lost when the bank ...

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 loan subsidy scheme, otherwise ...

‘Standing up to bank employees union will take guts’ Negotiations for the renewal of the collective agreement at Hellenic Bank, which were on hold for seven months, are set to ...

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 a meeting with bank employees ...

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 branches as dozens are set ...

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 of the relevant legal framework ...

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 broadcaster on Thursday, the ...

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 lender was wound down as part ...

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 current difficulties as a result ...

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 week that said the decision ...

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 Ukraine on the Cypriot financial ...

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 Central Bank of Cyprus (CBC) records which ...

By George M Georgiou Although the phrase “lies, damned lies, and statistics” is often attributed to Mark Twain, no one can say with certainty where it originated. What we can ...

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 (KyC) and client due diligence, ...