#banks

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, ...

Banks expect stricter lending criteria for households, unchanged criteria for lending to businesses and an increase in the demand for loans in all categories for the second quarter of 2021, the ...

This past week saw another episode in the long-running saga The ongoing tussle between the government camp and the opposition over freezing bank foreclosures has turned into a kabuki theatre ...

The European Central Bank (ECB) has published the results of the 2021 stress tests, which show that the euro area banking system is resilient to adverse economic developments. The 89 banks covered ...

The House plenum will convene in an extraordinary session on Tuesday to revisit a bill that further renews a moratorium on foreclosures and which President Nicos Anastasiades has refused to ...

Only ten applications remain to be examined under the Estia programme to assist distressed mortgage holders, it was reported on Sunday. Total applications for Estia assistance numbered 6,393 concerning loans worth ...

The House commerce committee is trying to afford small businesses protection from unfair terms and conditions included in standard bank contracts through a bill on consumer protection, MPs said on ...

An opposition party said Monday it will table a bill that would make decisions taken by the financial ombudsman legally binding on banks. Angelos Votsis, of the Democratic Forces Cooperation, ...

Lawmakers on Thursday welcomed the first court judgment against a bank for unfair terms of contract, but still harangued the banks for acting with “impunity” in terms of their service ...

Many borrowers who opted to use a scheme suspending loan payments for nine months in a bid to cope with the financial fallout of the coronavirus were now restructuring them, ...

The House commerce committee on Tuesday began discussion of a bill designed to protect consumers from unfair terms included in bank contracts but also bad practices applied by large companies, ...