Banking and Finance

The Central Bank of Cyprus (CBC) on Tuesday announced key deadlines for the implementation of the EU Instant Payments Regulation. The EU’s Instant Payments Regulation is a new regulation ...

Despite appearing to lack the necessary support in parliament, a bill imposing a new ‘bank tax’ will go to the House plenum later this week. Tabled by opposition party Akel, ...

Antony Barnett, Chief Executive Officer of Limassol-based Network Financial Services (NFS), is no stranger to the delicate balancing act of financial planning. With a career that spans years of experience, ...

The European Union’s Digital Operational Resilience Act (DORA), taking effect on January 17, 2025, will impose tougher cybersecurity rules on financial entities, with the Central Bank of Cyprus (CBC) urging compliance ...

Here are the top business stories in Cyprus from the week starting December 2: Paphos mayor Phedonas Phedonos has urged Cypriot businesses to adopt a more international, export-oriented approach, saying that ...

The Bank of Cyprus on Friday outlined a range of initiatives designed to ease the financial strain on customers in the face of market interest rate volatility. In its announcement, ...

Opposition party Akel is bent on taxing banks’ historically high profits on Thursday, while critics argue the move intended to effect social justice is misguided. Member of the House finance ...

Cyprus continues to offer some of the lowest deposit interest rates in the eurozone, according to data published this week by the European Central Bank (ECB). The report revealed that ...

The Central Bank of Cyprus (CBC) this week reported the registration of 16 bounced cheques worth €21,445 in November 2024. This represents a significant drop compared to previous months, as well as the ...

New loans in Cyprus rose in October, mainly due to increased corporate borrowing over €1 million, which experienced the sharpest drop in lending rates, according to the Central Bank of Cyprus (...

The global payments landscape is poised for transformative growth in 2025, driven by a surge in digital wallets and open banking adoption, according to a survey by payabl., a European financial ...

Monthly dividend stocks provide 12 payments per year, unlike quarterly payers like Vod LSE stocks. High-yield portfolios can generate £500+ monthly income per £100,000 invested. These securities suit retirees and investors seeking regular ...

The economy has proved resilient in the face of a challenging international environment, and is expected to do the same going forward, the Central Bank boss said on Monday. Christodoulos ...

Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia’s second largest lender VTB Andrei Kostin told Reuters ...

Employee perceptions of how hedge funds handle diversity and inclusion have fallen to their lowest level since before 2021, when Reboot Financial Services began its annual report, the financial services campaigning ...

Here are the top business stories in Cyprus from the week starting November 25: Andrew Frost Moroz, founder of Aloha Browser, is a seasoned innovator with over two decades of experience ...

Lending to eurozone companies and households continued to accelerate last month, supporting the arguments from some that the bloc’s economy has bottomed out and a “soft landing” was underway, ...

Total loans in Cyprus fell by €213 million in October 2024 compared to the previous month, according to a report from the Central Bank of Cyprus (CBC). The report also showed that ...

Ratings agency Moody’s this week upgraded the rating of the Bank of Cyprus’ covered bonds to Aaa from Aa2. This follows a revision of Cyprus’ local-currency bond ceiling to ...

Hellenic Bank on Thursday announced that the Commission for the Protection of Competition has approved its acquisition of CNP Cyprus Insurance Holdings. This represents a major step forward in the ...

Dozens, possibly hundreds, of Bank of Cyprus customers received letters in the post over the past few weeks warning them that they would lose their accounts if they did not ...

Black Friday is no longer just a retail phenomenon, having grown into a significant economic indicator influencing stock market performance, according to international online broker Freedom24. The annual shopping event, ...

Eurobank, already holding a majority stake in Hellenic Bank, is set to complete a full acquisition in a deal worth approximately €1.2 billion, making it one of the largest cash transactions ...

The Pancyprian Cooperative Promotion Society unveiled its roadmap for establishing a new nationwide cooperative bank during a Monday evening event in Limassol, under the theme of ‘One for all and ...