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
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...
Cabinet appoints Herodotou, Evagorou at CBC, Maratheftis at CyBC
The council of ministers decided on Wednesday to appoint privatisation commissioner Constantinos Herodotou as executive director of the Central Bank of Cyprus, the press and...
Central Bank fines Ukraine’s Privat Bank €1.5m on money laundering
By Stelios Orphanides The Central Bank of Cyprus said that it fined the Cyprus branch of Ukraine’s Privat Bank more than €1.5m for violating the...
Banks report mixed loan restructurings success in Q2, CBC says
By Stelios Orphanides Cypriot banks delivered a mixed performance in the second quarter in restructuring bad loans as they exceeded two benchmark indicators set by...
