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...
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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...
Reduction in NPLs ‘remarkable but it must be accelerated’
Accelerating the reduction of non-performing loans continues to be a key objective, a senior Central Bank official said Saturday, noting however that a new legal...
NPLs fall to €21.1bn or 43.7% in November, CBC says
By Stelios Orphanides Delinquent loans in the Cypriot banking system fell in November by €284.2m in a month and by almost ten times as much...
NPL ratio drops to 44% amid rising loans in arrears
The amount of non-performing loans in the Cypriot banking system fell in October by €51.7m to €21.4bn compared to September and by €2.7bn in a...
Government deposits drop sharply in December, CBC says
The central government’s deposits at the Central Bank of Cyprus fell to €427.3m at the end of December, from €870.3m in November, the bank supervisor...
NPLs down by €388m in September to 44%, central bank says
Non-performing loans in the Cypriot banking system fell by €388.4m in September to €21.5bn compared to August mainly on reduced corporate delinquent loans, the Central...
Jordan Ahli Bank fined for anti-money laundering shortcomings
The Central Bank of Cyprus said that it fined the Cyprus branch of Jordan Ahli Bank €352,980 for the bank’s failure to comply with the...
CBC revises 2017 growth to 3.8% and to 3.4% next year
The Central Bank of Cyprus said it expects the economy to expand 3.8 per cent this year before growth slowed down to 3.4 per cent...
NPLs fall to new low in August, says central bank
Non-performing loans in the Cypriot banking system fell in August to below €21.9bn, the lowest since December 2014, or 44.7 per cent of total, from...
Lending standards unchanged as demand for credit rises
Cypriot banks, plagued with a mountain of non-performing loans, kept their already strict lending standards unchanged in all categories in the third quarter and intend...
CBC fines RCB Bank €800,000 citing failure to comply with AML law
The Central Bank of Cyprus said it fined RCB Bank €800,000 citing the Russian-owned lender’s failure to comply with provisions of anti-money laundering legislation. “The...
Governor Georghadji wants banks to take radical NPL action (updated)
Cypriot banks need to take more radical action to reduce their mountain of delinquent loans amid a slowdown in restructurings even as economic growth is...
Central bank says banks again mostly failed NPL targets
While Cypriot banks proposed more restructuring solutions to borrowers in the second quarter of 2017 than expected by the supervisor in an attempt to reduce...
Ship management revenue up 3% in H1, central bank says
The ship management sector’s revenue rose 3 per cent in the first half of the year to €472m compared with the previous six-month period and...
Home prices up 1.1% in Q2, Central Bank of Cyprus says
Home prices rose in the second quarter 1.1 per cent compared with the respective quarter of 2016 and a quarterly 0.5 per cent as flat...
