#banks

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 raising interest rates again, as ...

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, reports said on Tuesday. ...

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, sound fundamentals and positive prospects. ...

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 from the continuous rise of ...

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 on Sunday, underlining that enhancing ...

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 banks to absorb increasing interest ...

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 huge risk to the banking ...

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 successive interest rate hikes. Specifically, ...

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 and one of the best ...

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. Her statements just before ...

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 European Central Bank’s executive ...

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 submitted a bill custom-made for ...

The populists of the political parties have found a new, worthy cause in the last few weeks – to protect people from rising interest rates. They appear to have forgotten that ...

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 met with the heads of ...

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 ...