Caius Capital reduces stake in Bank of Cyprus
The Bank of Cyprus has announced that Caius Capital has reduced its stake in the bank’s share capital to 4.98 per cent.
The announcement was made through the Cyprus Stock ...
Hellenic Bank eyeing new voluntary exit scheme
Hellenic Bank is preparing to launch a new voluntary early retirement scheme aimed at reducing its workforce by a substantial number of employees, with completion targeted by the end of 2025, ...
CySEC reports 11.8 per cent growth in supervised entities over five years
The number of entities supervised by the Cyprus Securities and Exchange Commission (CySEC) has grown by 11.8 per cent over the past five years, according to the commission’s chairman George ...
CySEC faces €2 million budget deficit for 2025
The Cyprus Securities and Exchange Commission (CySEC) is projecting a €2 million budget deficit for 2025, as its proposed budget is set to be discussed during a meeting of the House finance ...
Etyk allocates €25 million to Bank of Cyprus employees
Bank employees’ union (Etyk) on Monday announced plans to distribute €25 million to former and current employees of the Bank of Cyprus who were union members in 2011.
According to a report ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting January 20:
Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with ...
Accurate reporting key to preventing systemic risk, says CySEC
The Cyprus Securities and Exchange Commission (CySEC) on Friday hosted an online event to Alternative Investments Funds Managers (AIFMs).
The event focused on the technical and regulatory aspects of AIFMD ...
CySEC reports €9.1 billion in assets under management
The number of Management Companies and Undertakings of Collective Investments (UCIs) in Cyprus stood at 323 during the third quarter of 2024, according to the Cyprus Securities and Exchange Commission (CySEC).
In ...
Hellenic Bank warns customers against new phishing scams
Hellenic Bank on Friday issued a warning to its customers to remain vigilant against phishing scams, following a resurgence of fraudulent activities targeting its clients.
The bank said that fraudsters ...
CFA Society Cyprus signs MoU with Cyprus Stock Exchange
CFA Society Cyprus on Thursday announced the signing of a Memorandum of Understanding (MoU) with the Cyprus Stock Exchange (CSE).
According to the announcement, this partnership “marks a significant step ...
Greek bank stocks show promising growth potential, analysts say
The latest target prices for shares of Greece’s major banks from leading international investment firms indicate a promising outlook for investors, according to a report from Stockwatch.
Despite significant ...
MPs put competition commission under the cosh
Members of the House ethics committee on Wednesday called on the competition commission to be harsher on companies and more vigilant in its efforts to ensure healthy competition in Cyprus’ ...
Eurobank completes €400 million bond issue — demand reaches €2 billion
Eurobank Holdings has successfully completed the issuance of Tier 2 subordinated bonds worth €400 million, attracting robust demand that reached €2 billion, according to an announcement released on Wednesday.
Alongside the bond issue, ...
Bank of Cyprus implements customer support measures
The Bank of Cyprus has made significant progress in implementing measures designed to alleviate financial pressures on its customers, particularly through reduced charges and lower interest rates.
According to the ...
EBA publishes stress test scenarios for Cyprus’ economy
The European Banking Authority (EBA), in coordination with the European Systemic Risk Board, has released macroeconomic scenarios to assess the resilience of banks in Cyprus as part of the EU-wide 2025 ...
CBC takes action to bolster banking resilience
The Central Bank of Cyprus (CBC) has taken significant steps in the past two years to strengthen the financial resilience of the nation’s banking system.
These measures, detailed in ...
CSE privatisation expected by end of 2025, says chairman
The bill for the privatisation of the Cyprus Stock Exchange (CSE) is undergoing legal review and is expected to reach the House for a vote in February, it emerged on ...
CySEC supervising 825 entities, 70 applications await review
Capital markets will continue to be influenced by the demands of the digital transition, the rise of artificial intelligence, as well as new regulatory requirements, according to CySEC chairman George ...
Cyprus Business Now: weekly wrap-up
Here are the top business stories in Cyprus from the week starting January 13:
The need for enhanced collaboration between public authorities and private enterprises was emphasised during the recently held ‘...
Eurobank sells Demetra stake to Logicom for €27 million
Eurobank has finalised the sale of its 8.58 per cent stake in Demetra Holdings Plc, totalling 17,152,353 shares, to Logicom Services Limited for approximately €27 million (€1.55 per share).
In a statement issued on ...
Cyprus banks see decline in most interest rates in November
Interest rates in Cyprus continued to decline in November 2024, with home loan rates averaging 4.50 per cent, down from 4.62 per cent in October, according to the Central Bank of Cyprus (CBC).
...
Eurobank to finalise Hellenic Bank acquisition by May
Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus.
The latest update ...
Cyprus positioned as ‘forward-looking financial hub’, says CBC governor
The Central Bank of Cyprus (CBC) aims to maintain stable prices and a sound financial system, according to governor Christodoulos Patsalides.
Speaking at the 12th Banking Forum and Fintech Expo ...
Consumer protection bills head to Plenum in February
Three proposed bills aimed at enhancing consumer and business protection against abusive clauses in bank contracts will take centre stage in February as the House plenum prepares to vote on ...