Crypto asset volatility a risk to consumers says Central Bank official
Cryptocurrencies are a potential risk to consumers and the economy due to their high volatility, Cyprus Central Bank (CBC) senior director of banking operations division...
CBC
Cyprus banking sector faces Ukraine effects from a solid position, CBC governor says
Governor of the Central Bank of Cyprus Constantinos Herodotou said on Thursday that the banking sector of Cyprus faces the effects of the Russian invasion...
Cyprus ship management sector generated half a billion in 6 months
Cyprus’ revenues from ship management rose to €516 million during the second half of 2021, corresponding to 4.2 per cent of Cyprus’ GDP in terms...
Central Bank agrees collective agreement in effort to streamline structure
The Central Bank of Cyprus (CBC) announced on Thursday that it has signed a new collective bargaining agreement with the Cyprus Union of Bank Employees...
CBC, stakeholders agree on ten steps to speed up banking procedures
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...
Our View: Time Competition Commission stepped in over bank attitudes
The European Commission and the European Central Bank champion the market economy and competition but some of their directives have had the effect of stifling...
Slight increase in new loans in Cyprus in 2019
New loans to corporations and households amounted to €3.19 billion in 2019 marking a slight annual increase attributed to large corporate credit of over €1...
Central Bank calls on employees to be patient and polite
Central Bank of Cyprus Governor Constantinos Herodotou has sent a circular to all banks calling on staff members to be friendlier, more patient and more...
Economy set to grow around over 3 per cent a year by 2021, CBC says
The government will continue to strengthen and deepen the current positive economic growth spokesman Prodromos Prodromou said on Saturday, after the Central Bank of Cyprus...
CBC request to appoint FBME liquidator rejected
By Stelios Orphanides The Nicosia district court has rejected the Central Bank of Cyprus’s application to appoint a liquidator at the Cyprus branch of Tanzania’s...
