Banking and Finance

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 ...

Eurobank is set to raise its stake in Hellenic Bank to 93.47 per cent following agreements to acquire shares from Demetra Holdings Plc and Logicom Services Limited. The bank announced on ...

The Central Bank of Cyprus (CBC) on Friday reported that 94 per cent of loans held by credit acquisition companies were categorised as non-performing (NPLs) as of June 30, 2024. The report indicates ...

Inflows into global equity funds slowed in the week ending Nov. 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the US interest rate policy ...

Central Bank of Cyprus (CBC) govennor Christodoulos Patsalides on Thursday addressed the Economist annual summit, highlighting the European banking sector’s resilience, while also addressing the challenges and risks facing ...

Greece’s systemic banks—Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank—plan to expedite the repayment of deferred tax credits (DTC) starting in 2025, a move that credit ...

The Bank of Cyprus on Wednesday announced the complete disposal of the remaining shares held by Cyprus Popular Bank (Laiki) Public Co Ltd, which has been in liquidation. Following the ...

The Bank of Cyprus on Tuesday announced that it has repurchased 50,000 of its ordinary shares with a nominal value of €0.10 each. The transactions were executed on November 18 on the Cyprus ...

The number of investment funds in Cyprus increased in September 2024 compared to June of the same year, despite a slight decline in their total assets, which amounted to €6.79 billion, according ...

No evidence has come up concerning the existence of cartels or cartel-like behaviour in the retail fuel market or the banking industry, the Commission for the Protection of Competition (CPC) ...

Hellenic Bank on Monday announced a reduction of its key interest rate by 21 basis points, effective from November 14, 2024. This move is expected to positively impact more than 90,000 borrowers across the ...

Here are the top business stories in Cyprus from the week starting November 11: Two in three Cypriots place a high priority on adapting to climate change, according to the European ...

The 12th Energy Symposium tackled the energy crisis, regional turbulence, and the urgent global shift to renewables. Titled “The Big Decisions on Energy”, the event was held with the support ...

The Bank of Cyprus Holdings (BOCH) this week announced the repurchase of 65,000 ordinary shares of €0.10 each. These purchases, effective as of November 14, took place on the Cyprus Stock Exchange (CSE) ...

Hellenic Bank has underscored the importance of long-term investment strategies in navigating a highly volatile market environment. Speaking at the first Where to Invest Forum 2024, organised by the bank as ...

The Bank of Cyprus said on Thursday it is taking proactive measures to prevent online scams while fake news about a fraudulent lucrative platform linked to the bank have been ...

The United States is pursuing an inquiry into Russian clients that UBS (UBSG.S) took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny ...

With the increasing dependence on digital payments, UPI (Unified Payments Interface) has become a popular and convenient choice for people across India. From grocery shopping to bill payments, UPI apps ...