Cyprus in race against time to repatriate FBME funds
Cyprus is in a race against time to avert the loss of money held by depositors in accounts at the FBME Bank (Cyprus) Ltd which...
deposits
FBME depositors get €29m in compensation in five months
Five months after the Central Bank of Cyprus triggered the deposit guarantee scheme for depositors of FBME Bank, most customers seem reluctant to claim even...
Government to deposit €430m in commercial banks
The Public Debt Management Office said that it will deposit €430m of government funds in Cyprus’s banking system after receiving offers from commercial banks at...
Tiny German bank breaks taboo by charging rich clients for deposits
A small cooperative bank in the Bavarian Alps is breaking a German taboo by charging wealthy clients to deposit their money following the European Central...
Starbucks holds more cash than many banks
Starbucks customers in the US and Canada are splashing less cash at the coffee chain than ever before. That doesn’t mean that they are buying...
Government deposits at €1.1bn in May, BoC’s ELA drops to €2.8bn, central bank says
The Central Bank of Cyprus said the general government’s cash reserves stood at €1.1bn at the end of May, down by €89m from April. Outstanding...
Rates rise in April for restructured loans, deposits, mortgages
Banks enticed non-financial companies and households to save more with higher rates in April, the month following the completion of Cyprus’s adjustment programme, and charged...
April loans to deposits gap narrows to three-year low €11.5bn, CBC says
Deposits in the Cypriot banking system rose by €144.9m to €45.9bn in April, the first month following the completion of Cyprus’s adjustment programme, as loans...
FBME says activiation of deposit scheme ‘designed to protect CBC, not depositors’
FBME Bank said on Sunday that the Central Bank of Cyprus (CBC) had triggered the deposit guarantee scheme so that the supervisory body could claim...
Loans drop to November 2013 levels as deposits rise, central bank says
Overall deposits in the Cypriot banking system rose in February by €78.4m compared to January for the third consecutive month to €46.2bn as banks continue...
Outstanding loans drop by €3bn in January, Central Bank of Cyprus says
By Stelios Orphanides The amount of outstanding loans in the Cypriot banking system fell sharply to €59.5bn in January as deposits rose for a second...
House approves bills regulating deposit guarantees
The House on Thursday passed two of six bills regulating the failure of banks and investment firms. The batch of bills comprises legislation to harmonise...
Deposit guarantee fund meets target, deputies hear (Updated)
The bank deposit guarantee fund has met the target of raising €120 million, a finance ministry representative told lawmakers on Monday. Members of the House...
Deposit rates stable as corporate loans become more expensive, central bank says
Interest rates for new deposits in the Cypriot banking system remained more or less unchanged in December as large new loans to non-financial companies became...
November deposits drop as deleveraging continues, central bank says
By Stelios Orphanides Deposits in the Cypriot banking system fell for the first time in five months in November by €67.9m compared to the month...
CBC to request FBME resolution order by Wednesday – reports
By Angelos Anastasiou Monday’s decision to revoke the banking licence of the Federal Bank of the Middle East (FBME) was part of the Central Bank...
‘EU deposit insurance’ vanishes from EU leaders’ draft conclusions
By Jan Strupczewski Euro zone leaders will ask their finance ministers on Friday to quickly complete their banking union, but at the insistence of Germany...
Helios orphans’ guardians reserved over state compensation offer
By Evie Andreou THE guardians of the children orphaned in the 2005 Helios crash who saw their compensation money slashed during the bank deposits haircut...
Rise in deposits likely reflecting banks’ stabilisation, bank association says
By Stelios Orphanides The recent increase in deposits in the Cypriot banking system may reflect its stabilisation as confidence in the Cypriot economy as a whole...
Cypriot version of Lagarde List to be treated confidentially, finance minister says (Updated)
By Stelios Orphanides and Angelos Anastasiou Finance Minister Harris Georgiades said that authorities have received a list from the French government with the names of...
