Challenging year ahead for economy
Next year will be difficult for economy amidst inflation, high energy prices and deglobalisation, said Finance Minister Constantinos Petrides on Wednesday. Speaking at a conference...
Constantinos Herodotou
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...
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,...
