The challenges facing the banking and financial sectors
By Andreas Charalambous and Omiros Pissarides The well-known economist Rüdiger Dornbusch argued that a crisis takes a long time to materialise but it then happens...
banks
Banks warn suspending foreclosures could do more harm than good
Banks have warned that suspending foreclosures would do more harm than good as opposition parties were poised to do just that, tabling five bills citing...
Five separate bills freezing foreclosures to be discussed at House finance committee
Five bills tabled by various political parties with the central focus of freezing foreclosures will be discussed on Monday at the House Finance Committee. The...
Complexity of law amendment sees finance committee pass it over to legal affairs
Lawmakers on Tuesday decided to transfer to the House legal affairs committee a government bill amending the Law of Evidence, which would grant credit-acquiring companies...
Georghadji hits out, says efforts afoot to discredit PEP list
Former central bank governor Chrystalla Georghadji hit back on Thursday at detractors of a list of names of politically exposed persons (PEPs) with non-performing loans,...
PEPs list returned to House, back and forth continues
A controversial list of politically exposed persons (PEPs) and the money they owed banks, including bad debts, has been sent back to parliament after the...
Paphos communities to protest bank closures
Residents of twenty Paphos communities are protesting the closure of bank branches in their area on Tuesday afternoon, urging lenders to keep the local branches...
Greek depositors say ICSID battle looming for Cyprus
Cyprus’ state legal service has said the claims of over 900 Greek nationals seeking compensation for the money they lost in the 2013 haircut on...
Coronavirus: almost €900m in loan installments in abeyance, due at year’s end
Some €894m worth of instalments will not be paid to banks until the end of the year on close to €7.4bn in loans, as part...
E-signatures on the way, innovation minister says
After years of dragging its feet and now forced by the coronavirus crisis to implement e-government as soon as possible, the government will soon be...
