Latest EU stress tests show Cyprus banks resilient
The European Central Bank (ECB) has published the results of the 2021 stress tests, which show that the euro area banking system is resilient to...
RCB
RCB Bank and Mastercard launch [email protected] in Cyprus
RCB Bank and Mastercard have launched [email protected], the latest feature in electronic transactions, enabling consumers to withdraw cash during a purchase inside a shop, through...
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....
RCB donates ventilators and medical face shields to Cypriot government
RCB Bank (Cyprus) has donated 12 ventilators, as well as medical face shields, to the Cypriot government in an effort to assist the National Health...
RCB CEO re-elected local head of International Bank Association
Dr Kirill Zimarin, CEO of RCB Bank Ltd has been re-elected president of the Association of International Banks in Cyprus during the 16th Annual General...
Geopolitics, sanctions not deterring RCB, CEO Zimarin says
RCB Bank intends to stay in Cyprus to continue developing its operations and adjusting to stricter anti-money laundering rules even as increasing geopolitical tensions, and...
RCB generates €97m in net profit in 2017
RCB Bank said Monday it recorded a net profit of €97.2m in 2017, up 19 per cent from 2016, on increased non-interest income and domestic...
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...
S&P reaffirms RCB’s BB- rating, outlook stable
RCB Bank said that Standard & Poor’s Global Ratings (S&P) affirmed the lender’s BB- long term counterparty rating and its B short term rating which...
Moody’s upgrades RCB’s deposits rating to B1 from B3
Moody’s Investors Service said that it upgraded the foreign-currency deposit rating of RCB Bank by two notches to B1 and its baseline credit assessment to...
European Investment Fund and RCB sign €10m agreement
The European Investment Fund (EIF) and RCB Bank on Friday signed the first European Fund for Strategic Investments (EFSI) agreement in Cyprus, which will provide...
RCB Bank funds new Cing programme
A three-year research programme has been launched at the Cyprus Institute of Neurology and Genetics (Cing) for the study and diagnosis of diseases with the...
RCB signs agreement with EIB to lend €40m to SMEs
RCB Bank, the unit of Russia’s state-owned VTB and Otkritie Financial Corporation, said that it entered an agreement with the European Investment Bank (EIB) and...
Omonia loan was sorted in a matter of minutes, court hears
RCB bank boss Kiril Zimarin was aware of the reason contractor Miltiades Neophytou visited him in December 2011 and arranged for the €2 million loan...
RCB Bank passes ECB stress test
RCB Bank announced on Saturday it has successfully completed the stress test carried out by the European Central Bank, which was aligned with the European...
Undergrad scholarships for soldiers released this year
A NUMBER of scholarships for undergraduate studies at local universities will be available for conscripts who are to be discharged in the summer, according to...
Deutsche stops correspondent banking with RCB (Update)
RCB bank denied late on Friday that a decision by German banking behemoth Deutsche Bank AG to “severing ties” with Cyprus-based RCB was in any...
Granting unsecured loans always possible, former banker says
Banks can extend unsecured loans to customers without getting noticed by their board of directors or supervisory authorities, and the ability depends on the level...
Our View: Central Bank assurances about Panama Paper can’t be taken seriously
CYPRUS featured prominently in the Panama Papers, the unprecedented leak of files from the database of offshore law firm Mossack Fonseca, which helped the mega-wealthy...
Cyprus, EIB sign loan guarantee deals worth €150m
Finance minister Harris Georgiades said that last year’s growth rate suggests that Cyprus, which will continue its reform effort and maintain fiscal discipline even after...