Banking and Finance

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 ...

The Bank of Cyprus (BoC) on Monday announced that it has received the title of ‘Best Private Bank Cyprus 2025‘ by Global Banking & Finance Review magazine. The bank said that ...

Here are the top business stories in Cyprus from the week starting March 10: Out of 741 tourist units preparing to reopen in Cyprus, only 100 have secured a licence, accounting for just 13.5 ...

Analysts covering the Bank of Cyprus have significantly raised their price targets following the release of the bank’s preliminary financial results for 2024. According to a report from Stockwatch, all ...

The Cyprus Securities and Exchange Commission (CySEC) on Friday released a statement detailing its actions for this year’s Global Money Week 2025 (GMW 2025). According to the announcement, these include a ...

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an ...

The total amount of loans held by credit acquisition companies in Cyprus stood at €20.3 billion at the end of 2024, down from €21 billion at the end of the first half of ...

A new issuance of Cyprus Treasury Bills (T-bills) will take place on Monday, March 17, 2025. The 13-week T-bills, maturing on June 20, 2025, are expected to attract strong demand once again, following recent ...

Alpha Bank’s senior leadership met with state officials and key business figures in Cyprus this week, in order to outline its growth strategy and expansion plans. According to an ...

The number of building permits issued in Cyprus during October 2024 fell to 470, marking a 25.6 per cent decline compared to the 632 permits issued in October 2023, according to data released by the ...

The number of employees who chose to leave Hellenic Bank under its latest voluntary exit scheme fell significantly short of the target of 400 departures. The plan, introduced amid the bank’...

Eurobank has set out its strategic objectives following the full acquisition of Hellenic Bank, as detailed in its public offer document outlining the acquisition process. As part of its plan, ...