Banking and Finance

The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme. From the 4,374 completed applications received, the ministry has approved 802, roughly 18 per cent of the ...

NatWest accelerated returning cash to shareholders on Friday after a return to profit, rounding out a week of vastly improved earnings for British banks as the pandemic-battered economy reopens. The ...

Turkey’s central bank raised its year-end inflation forecast to 14.1 per cent on Thursday. In a report released by the Turkish central bank, the bank’s governor predicted inflation, which ...

The pound hit its highest in over a month against the dollar on Thursday, extending gains driven by a fall in coronavirus cases in Britain and as a dovish US ...

Barclays (BARC.L) will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts as bad loan fears receded and investment banking ...

Britain’s financial regulator demanded the appointment of more women and non-white minorities to the leadership of Britain’s largest firms on Wednesday, saying at least 40 per cent of board ...

Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months -long range as short sellers bailed out and traders drew confidence from recent positive comments ...

Property prices dropped in the second quarter of 2021 according to real estate data experts WiRE FS. On a quarterly basis, prices for apartments fell by 0.14 per cent, for houses by 0.36 ...

The new CEO of Hellenic Bank Oliver Gatzke on Monday announced an ambitious programme to ‘reshape’ the organisation. Oliver Gatzke “I am pleased to announce my official appointment by the ...

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive ...

It will take 20 years to repay borrowings by the UK government for pandemic spending, reports released on Friday showed. The British government will be exposed to financial risks from its £372 ...

Bitcoin has fallen to about half its record high in April of $63,000, and it’s been holding in that range for some time. A rebound is expected by many analysts, ...

Non-performing exposures (NPEs) rose slightly in April pushed upwards by increased restructuring, according to Central Bank data released on Saturday. NPEs in April reached €5.14bn compared with €5.13bn the previous ...

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 sector risks and the ...

By Elena Hadjidemetriou and Dr. Louisa Borg Haviaras What went wrong at Dankse Bank? In 2018, Denmark’s largest bank, admitted that its Estonian branch had moved more than $230 billion from ...

Eurobank on Friday announced the acquisition of a 9.9 per cent holding (40,800,000 shares) in Hellenic Bank, according to a statement released on Friday. It also announced entering into a share purchase ...

The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of ...

Moody’s Investors Service (“Moody’s”) has on Wednesday upgraded Bank of Cyprus Public Company Limited’s (Bank of Cyprus) and Hellenic Bank Public Company Ltd’s (Hellenic Bank) long-term ...

Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at ...

Zurich-based EFG Bank, present in Limassol and Nicosia, saw IFRS net profit triple to CHF 106.5 million (€98.4 million) on CHF 629.3 million (€581.2 million) in revenue for the first half of 2021, according to ...

“I might pump, but I don’t dump,” said Elon Musk on Wednesday. “I definitely do not believe in getting the price high and selling … I would like to see ...

The public consultation on “Vision 2035: Long-Term Strategy for the Sustainable Development of the Cypriot Economy,” was launched on Wednesday. Speaking at the launch conference, Finance Minister Constantinos Petridis noted that ...

Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank. ...

The UK will on Wednesday announce demands that are expected to violate post-Brexit trading arrangements between Great Britain and Northern Ireland. The Northern Ireland Protocol, agreed by the UK and ...