Banking and Finance

By Nicos Panteli Supervisory authorities constantly remind banks that they need to drastically cut costs Without a doubt the Covid-19 pandemic has left its mark on all aspects of public ...

The European Union won’t suddenly pull up the “drawbridge” on Britain’s financial services sector, and reducing reliance on the City of London for euro clearing could take years, ...

A planned pan-European payments network backed by 22 banks to compete with US duo Mastercard and Visa appealed on Tuesday for public money, saying its private backers were not prepared to ...

The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s annual Cyprus Summit in ...

The Bank of Cyprus announced on Monday that it had successfully completed the sale of a non-performing loans (NPLs) portfolio with a gross book value of €577 million, bringing its NPL ...

Indian electronics engineer Siddharth Pandey will become a millionaire after the country’s biggest ever public issue, but he says he had to overcome his father’s opposition to join ...

The recovery of the Cypriot economy remains on an upward trajectory, with most indicators boding well for future growth, according to a report by the University of Cyprus Economic Research ...

Kazakhstan is struggling to meet the energy needs of its booming cryptocurrency mining industry, which is flourishing thanks to cheap power and an exodus of crypto miners from neighbouring China. ...

The European Commission’s Autumn 2021 Economic Forecast which was presented on Thursday shows positive prospects for Cyprus, including an increase in GDP by 5.4 per cent for 2021 as a whole, while ...

It has taken $50 billion and two years but the Bank of Israel may have finally accepted it is time to pare interventions and let the shekel juggernaut roll on. What ...

The Bank of England kept interest rates on hold on Thursday, dashing investors’ expectations for a hike that would have made it the first of the world’s big central ...

The Cyprus Securities and Exchange Commission (CySEC) released a statement this week refuting any suggestions that the investment sector is experiencing an employee number contraction. This relates to publications in ...

Cyprus Investment Funds Association (CIFA) and Invest Cyprus’ seventh iteration of the International Funds Summit drew international attention to the island’s progress and potential as a fund management and ...

Alpha Bank Cyprus has announced the appointment of Michael Colakides as its new chairman of the board of directors. “The choice of Michael Colakides, who has served successfully in leadership ...

New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year, data released by the Cyprus Central Bank, on Wednesday show. ...

Some 140 million people had opened “wallets” for China’s new digital yuan as of October and used it for transactions totalling around 62 billion yuan ($9.7 billion), a senior Chinese central bank ...

Turkey’s annual inflation rate rose to its highest in more than 2-1/2 years in October, data showed on Wednesday, as the central bank, under political pressure to provide more ...

The government’s policy priorities remain the same despite the adverse effects of the coronavirus pandemic, Minister of Finance Constantinos Petrides said at the 7th International Funds Summit on Monday. “...

Barclays (BARC.L) chief executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein. ...

By Paul Lambis With environmental issues topping the list on every organisation’s agenda, Environmental, Social and Governance (ESG) are becoming more relevant for financial institutions. Compared to many of ...

“The role of the CFO has always been key not only within a company but also in the business world. However, this pivotal role has undergone a profound transformation in ...

Cyprus’ banks are the backbone of the community. Their ongoing investment in both people and businesses has helped many companies flourish, in both good and bad times. The Covid-19 pandemic ...

As part of its Corporate Social Responsibility (CSR), Hellenic Bank emphasizes on sustainable practices and supporting ‘green’ initiatives and businesses. Cognizant of its responsibility to the environment and the community, ...

The Cypriot economy is expected to grow more than previously expected according to a report by the University of Cyprus Economic Research Centre. According to the report, Cyprus’ real GDP ...