Liquidation filing for legacy Laiki took seven years
The Central Bank of Cyprus (CBC) has got the ball rolling for the liquidation of legacy Laiki Bank, more than seven years after the lender’s...
Constantinos Herodotou
House finance committee cancels after CBC boss tests Covid positive
The House finance committee may not be able to complete discussion of the state budget by as scheduled though discussion at the plenum will go...
Our View: Payment culture won’t improve while politicians protecting those not repaying debts
In his appearance before the House finance committee on Monday, Central Bank governor Constantinos Herodotou was asked by deputies about the protection of ‘vulnerable borrowers,’...
Central Bank: all previous projections ‘upside down’, expect ‘serious recession’
Central Bank Governor, Constantinos Herodotou, expects the economy to experience a “serious recession” in 2020 due to the pandemic, he said on Thursday. “The economy’s...
Banks must find new products, speed up processing, CB governor says (updated)
The biggest challenge for Cypriot banks is finding alternative profitable products beyond lending, central bank (CBC) governor Constantinos Herodotou said on Friday, as he urged...
Banks need to step up efforts to tackle NPLs, CBC boss says
Central Bank of Cyprus (CBC) Governor Constantinos Herodotou called on Cypriot banks to step up their efforts to further reduce non-performing loans (NPL) as the...
House committee to discuss PEPs’ bad debt list in March
The House watchdog committee will be discussing a list of politically exposed persons (PEPs) with bad debts on March 5 in the presence of central...
House finally asks for Central Bank input over MPs’ bad loans
After months of prevarication, MPs on Thursday agreed to invite Central Bank Governor Constantinos Herodotou before the House watchdog committee to inform them about a...
Banks’ chief says Estia mortgage scheme will need thorough rethink
DEBTORS’ interest in a government-backed mortgage relief scheme has been underwhelming, the governor of the Central Bank of Cyprus said on Thursday. Speaking in parliament,...
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...
Banks cannot afford to relax lending criteria says CBC governor
Despite ample liquidity, banks should not relax their lending criteria and repeat the mistakes made in the past, central bank governor Constantinos Herodotou said on...
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...
Banks need to speed up due diligence, CBC governor says
New Central Bank Governor Constantinos Herodotou, has called on Cypriot banks to invest in technology and staff training to speed up due diligence checks on...
Cyprus mulls early repayment of Russian loan
Cyprus is considering an early repayment of part of a €2.5bn loan it obtained from Russia during the financial crisis, as its funding costs decline,...
Our View: Will Herodotou be the governor to break tradition of bad appointments?
The new Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou was sworn in on Tuesday. We hope that Herodotou will end the depressingly...
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...
Privatisation budget cut by parliament a ‘costly, outdated’ practice
PARLIAMENT’S decision to vote down the funds earmarked for consultancy services by the government’s privatisation unit on Wednesday is a costly and outdated practice that may...
Privatisation programme to go full steam ahead in 2015
By Angelos Anastasiou The privatisation of several state and semi-state organisations, including the Cyprus Telecommunications Authority (CyTA), is scheduled to take place in 2015, according...
AKEL will vote against privatisation bills
AKEL said on Thursday it would vote against any bills that aimed at privatising telecommunications authority CyTA. Speaking after a meeting with the Commissioner for...