Banking and Finance

Here are the top business stories in Cyprus from the week starting March 17: The Cyprus International Businesses Association (CIBA) has sent a letter to Finance Minister Makis Keravnos, raising a ...

Artificial Intelligence (AI) is transforming banking beyond our dreams. From automating routine tasks to enabling data-driven lending, AI is propelling the world banking industry towards increasingly greater levels of efficiency ...

CarVal Investors has further reduced its stake in the Bank of Cyprus, marking another significant divestment by the American investment fund. According to an announcement by the bank, CarVal has ...

The Central Bank of Cyprus (CBC) and the European Stability Mechanism (ESM) on Friday hosted a high-level conference with the Cypriot economy at the heart of discussions. Specifically, the conference ...

Concerns were escalated in Parliament regarding the accessibility of ATMs for elderly residents in mountainous and other remote areas, who are forced to travel between villages to withdraw cash. This ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Friday highlighted the country’s economic transformation in recent years, while also outlining the challenges that lie ahead. Speaking at a ...

The Bank of Cyprus has announced a new share buyback transaction as part of its ongoing repurchase programme. According to a statement issued on Friday, the bank acquired a total ...

The Cypriot government on Thursday announced new measures aimed at increasing housing availability and stabilising property prices. Specifically, Interior Minister Konstantinos Ioannou outlined a series of policy changes during this ...

A loan against property is a versatile financial solution that allows you to pledge your residential or commercial property as a collateral to secure sizeable funds. Whether for business expansion, ...

In today’s fast-paced business world, managing financial transactions efficiently, securely, and cost-effectively is crucial. Whether you’re dealing with cross-border payments, multi-currency transactions, or corporate expenses, having the right ...

CarVal Investors, a prominent investment fund, has further reduced its stake in the Bank of Cyprus, decreasing its shareholding from 4.99 per cent to 3.07 per cent, according to a report from ...

Hellenic Bank is advancing on two major integration fronts, preparing for a dual merger process that will consolidate both its banking and insurance operations. The bank’s banking sector is ...

Credit rating agency Moody’s on Wednesday upgraded the baseline credit assessment (BCA) and adjusted BCA of Hellenic Bank, shifting its outlook from stable to positive. Specifically, the agency raised ...

Salamis Tours, originally founded by Vasos Hadjitheodosiou, remains under the firm control of his family. Recently, E.V.H. Investments Limited, a subsidiary within the family’s business structure, increased ...

Cyprus is seeing a surge in tourists from Romania, with arrivals rising 120 per cent over two years, Deputy Minister of Tourism Kostas Koumis said, welcoming the decision of airline Animawings ...

Cyprus is poised to reap significant benefits as an investment destination following last week’s approval by the Councils of a new plan to provide urban incentives for developments in ...

The Bank of Cyprus witnessed a surge in trading activity during the latest session at the Athens Stock Exchange, according to a report from Stockwatch. Specifically, shares worth €32 million changed ...

A Cyprus-Greece business forum, which took place in Nicosia this week, focused on the importance of enhancing trade and investment relations between the two countries. According to a statement by ...

Alpha Bank Cyprus this week presented its future strategy during a corporate event held at at the Four Seasons Hotel in Limassol. According to an announcement released on Tuesday, the ...

Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of the Bank of Cyprus (BoC) to BBB- from BB+, assigning a positive outlook. This marks a significant milestone for ...

Moody’s has upgraded the credit ratings of three Greek banks—Eurobank, National Bank of Greece (NBG), and Attica Bank—following its recent upgrade of Greece’s sovereign credit rating ...

Banks in Cyprus and Greece have announced significantly improved profit distribution policies, reflecting their strengthened profitability over the past three years, according to a report from Stockwatch. Following the release ...

Cyprus’ GDP is expected to grow by 3.2 per cent in 2025, slightly lower than the figure of 3.4 per cent reported for 2024, according to the Central Bank of Cyprus (CBC). This figure ...

Two major investment funds, CarVal Investors and Caius Capital LLP, have significantly reduced their holdings in the Bank of Cyprus in recent months, marking a controlled divestment process, according to ...