Banking and Finance

The European Union “could and should” delay the implementation of certain bank capital rules if the US drags its feet too long on fully implementing the Basel III rules, according ...

Deposits in the Cypriot banking system increased for the third consecutive month in April of this year, while loans recorded a net decrease after two months of growth, according to ...

Increased interest income, driven by successive interest rate hikes from the European Central Bank (ECB), has significantly boosted Cypriot banks’ profits in the first quarter of 2024, which amounted to €226 million ...

Banks and insurers are making more requests to US credit agencies for ratings on their risky loans to private equity funds that are secured against the value of their portfolio ...

In response to the rapid advancements in financial, regulatory, and supervisory technology (FinTech, RegTech, and SupTech), the Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the launch of its ...

The Cyprus Securities and Exchange Commission (CySEC) recently announced a number of decisions pertaining to firms operating on the island, including the withdrawal of license authorisation. On Monday, CySEC stated ...

A newly introduced bill in the House aims to clarify the Central Bank of Cyprus’ (CBC) role as the competent authority for implementing European Union (EU) legal acts and imposing ...

Cypriot banks made significant repayments on loans from the European Central Bank’s (ECB) Targeted Longer-Term Refinancing Operations (TLTROs) in March of this year, according to data released on Monday ...

European stock pickers are turning to more established sectors like utilities, professional data providers and even copper miners to tap into the next wave of the AI boom, a year ...

There was a slight increase in the absolute numbers of non-performing loans (NPLs) in Cyprus in January of this year, with the ratio of NPLs to total loans remaining stable ...

Long-term gain is usually a result of a competitive contest between risk and reward in trade spheres While platforms like the graphs247 Trading with an enormous number of tools and ...

Eurobank Cyprus recently clinched the Digital Transformation Award at the Temenos Community Forum conference in Dublin, which took place from May 14-16. This accolade celebrates the bank’s successful execution ...

Hellenic Bank on Friday released its financial results for the first quarter of 2024, recording an after-tax profit of €93.3 million, with interim CEO Antonis Rouvas saying that the year “started on ...

Embark on a journey through the intricate realm of market sentiment, where emotions dictate the ebb and flow of financial markets. From the depths of panic to the heights of ...

The ongoing tax reform process, the first in over twenty years, was the focal point of a conference organised this week by FMW. The event saw participation from technocrats from ...

The total assets of investment funds in Cyprus increased by approximately €293 million in March of this year, representing a rise of 4.5 per cent compared to December 2023, reaching €6.78 billion. According to ...

The Bank of Cyprus on Thursday announced the introduction of electronic dividend payments, following the European Central Bank’s approval for a cash dividend payout. Shareholders now have several options ...

Astrobank announced this week that it is opening a new branch in the Dali area in Nicosia, bucking the trend of shrinking branch networks, noting that this is an underserved ...

Private wealth manager Christopher Zachariou recently spoke to the Cyprus Mail about the need to make informed financial decisions, the importance of long-term thinking, the value of professional advice, and ...

The inaugural Green Agenda Cyprus Summit, held on Monday in Nicosia, highlighted the vision and actions necessary for the green transition of the Cypriot economy. The event, supported by Hellenic ...

Greek lender Eurobank is preparing to sell a mixed portfolio of non-performing loans (NPLs) worth €232 million, according to its first-quarter financial statements. The portfolio includes housing, business, small business, and ...

The Bank of Cyprus announced on Monday that it completed a new round in its share buyback programme, which was originally disclosed in April of this year, with 34,150 shares being ...

Here are the top business stories in Cyprus from the week starting May 13: National investment promotion agency Invest Cyprus recently showcased the country’s business and investment credentials in the ...

By Maria Demertzis Exactly a year ago, I wrote about the process of de-dollarisation. Following the Russian invasion of Ukraine in 2022, G7 currencies lost some of their international attraction because ...