Cyprus Business Now
Central Bank of Cyprus governor Constantinos Herodotou said on Monday that he is seeking ways to expedite banks’ client digital onboarding and reviewing processes, with...
Central Bank of Cyprus
Seven years since FBME Bank shuttered, stricken depositors still in limbo
‘We are told nothing and several people in the UK have taken their own lives because of what is being done to them’ It has...
Banks expect stricter lending criteria for households
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...
Total deposits at €48.6 billion in November
Total deposits in Cyprus banks reached €48.6 billion in November 2019, while outstanding loans stood at €34.2 billion, data released by the Central Bank of...
CBC chief tells bankers to exhaust all options with NPLs
CENTRAL Bank of Cyprus (CBC) governor Constandinos Herodotou on Thursday met with the chief officers of banks licensed in Cyprus, mainly discussing lenders’ approach to...
Central Bank calls for close eye to be kept on Limassol rents
The Central Bank of Cyprus raised the alarm on Tuesday, calling for vigilance and close monitoring of rising property prices in Limassol, a result of...
Paris court rules in favour of Cyprus in FBME case (updated)
The Paris-based arbitration court of the International Chamber of Commerce on Tuesday ruled in favour of the Republic of Cyprus in an appeal filed against...
Central bank worried but powerless over Co-op, says gagged banker
The chairman of the committee probing the demise of the Co-op said on Wednesday that it may fail to complete its work within the...
Our View: A stark warning over NPLs we can no longer ignore
LITTLE attention was given to a speech made on Saturday by Yiangos Demetriou, a senior manager of supervision at the Central Bank of Cyprus (CBC),...
Banks did not achieve the desired reduction in NPLs, Georghadji says
Cypriot banks in the years following the 2013 financial crisis did not achieve the desired reduction in non-performing loans, Central Bank Governor Chrystalla Georghadji has...
