Hellenic Bank posts €11.7 mln loss after asset quality improvement
Hellenic Bank on Thursday posted its financial results for the previous year, showing a loss of €11.7 million for 2021. This primarily reflects impairment losses...
Moody’s
S&P downgrades RCB because of sanctions (updated)
Rating agency Standard & Poor’s on Thursday downgraded RCB Bank’s long-term issuer rating from BB- to B+ and placed the bank on negative watch, citing...
Cyprus economy vulnerable to shocks, Moody’s says
High levels of private debt continue to stifle the growth of Cypriot banks, increasing fiscal vulnerability and negatively impacting credit availability, ratings agency Moody’s said...
Moody’s upgrades Cyprus’ rating to Ba1, changes outlook to stable from positive (updated)
Moody’s ratings agency has upgraded Cyprus’ sovereign rating to Ba1 from Ba2 and changed its outlook to stable from positive on a decrease in banking...
Moody’s warns of possible underperformance of Cyprus banks
The loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus,...
BoC bad debt sale a credit positive, Moody’s says
Moody’s ratings agency said Wednesday Bank of Cyprus’ sale of almost €1bn in non-performing loans to investment firm PIMCO was credit positive. BoC announced that...
Moody’s confirms RCB Bank’s stable financial position
Moody’s on Friday published an updated credit analysis report on RCB, where it confirms the bank’s stable financial position in terms of capital and liquidity....
Moody’s expects Cyprus’ SMEs and tourism to be hardest hit
Moody’s ratings agency said Wednesday it had revised its outlook for the Cypriot banking system from positive to stable to reflect the impact of widespread...
Measures will reduce impact of Covid-19 on banks says Moody’s
A government financial support package is expected to help limit coronavirus-related impact on banks’ asset quality, Moody’s ratings agency has said. The financial support package...
Moody’s: Thomas Cook’s liquidation credit negative for Bulgarian, Cypriot and Greek banks
Moody’s rating agency said Thursday that Thomas Cook`s liquidation was credit negative for Bulgarian, Cypriot and Greek banks as tourism would be negatively affected. “On...
