Anastasiades to discuss compensating bondholders with party leaders
President Nicos Anastasiades plans to meet the leaders of political parties in an attempt to find a way to compensate investors who lost money when...
banks
Bank of England’s Carney denies overstepping mark with Brexit warning
By David Milliken and Kylie MacLellan Bank of England Governor Mark Carney denied on Sunday that he had compromised the central bank’s independence by warning...
Finance ministry to project 2.2% growth for 2016
By Thanasis Gavos THE Cyprus economy will grow at a rate of 2.2% of GDP in the current year, the ministry of finance is to...
EBRD expects 1.7% growth this year suppressed by “high NPLs”
The European Bank of Reconstruction and Development, which holds a 5 per cent shareholding in Bank of Cyprus and a 5.4 per cent in Hellenic...
Bad loans and bankruptcies sound the alarm for Turkey’s economy
After years of growth fuelled by credit and domestic consumption, bad debts and bankruptcies are rising in Turkey, squeezing banks and exposing a fragile real...
Central bank says lenders partially on track in achieving restructuring targets
The Central Bank of Cyprus said that banks were only partially successful in meeting targets in the restructuring of loans as they satisfied only two...
86 people on ‘Lagarde List’ have been sent tax notices
The first leg of the Tax Department’s investigation into a list of deposits in Swiss HSBC bank in 2003 has been completed, with 86 individuals...
MPs wrap discussions on leasing as an alternative to mortgages
MPs on Monday wrapped up discussion of government bills introducing leasing as an alternative method of borrowing, hoping to take the legislation to the plenum...
NPLs drop to €26.7bn in December, lowest value in a year, central bank says
The amount of non-performing loans in the Cypriot banking system slumped by €703.1m in December compared to November to €26.7bn, the lowest value since December...
Capital Intelligence affirms ‘B’ rating of BoC, Hellenic
Capital Intelligence, the Limassol-based rating company, said that it affirmed the financial strength and long-term foreign currency ratings of both Bank of Cyprus and Hellenic...
