Banking and Finance

Mortgage interest rates for new housing loans in Cyprus remained high during September 2024, despite the declining trend in rates set by the European Central Bank (ECB). According to a report ...

The downward trend of non-performing loans (NPLs) in Cyprus continued in August 2024, with an additional €15 million decrease. According to a report released on Tuesday from the Central Bank of Cyprus (...

The Bank of Cyprus (BoC) on Tuesday reported a profit after tax of €401 million for the first nine months of 2024, representing a 15 per cent increase year-on-year. According to the bank’...

Hellenic Bank and bankers’ union Etyk have signed a new collective agreement, according to an official announcement released on Monday. “This agreement brings to an end a prolonged period of ...

Here are the top business stories in Cyprus from the week starting November 4: Cyprus and Egypt are set to deepen maritime collaboration through a joint commission established during Deputy Shipping ...

Central banks have engaged in notable amounts of gold purchasing in recent years. In 2022, their buying level reached its highest point since 1950, with banks ultimately obtaining 152% more gold than in 2021. ...

Eurobank’s third-quarter results mark a significant milestone as the bank fully integrates Cyprus’ Hellenic Bank for the first time since acquiring a majority stake, said Eurobank CEO Fokion Karavias. “...

Alpha Bank (ACBr.AT), Greece’s fourth-largest lender by market value, reported higher net earnings in the January-September period compared to the same period in 2023, on lower provisions and strong ...

Hellenic Bank and the union representing its employees, Etyk, have finalised a new collective agreement, based on the preliminary accord reached in April 2023 with the mediation of the Labour Minister. ...

Hellenic Bank has announced its intention to repurchase existing Convertible Capital Securities 1 and 2 (CCS 1, CCS 2) valued at nearly €130 million. The buyback, expected to save the bank approximately €13 million in annual ...

The Bank of Cyprus has called on all its customers to be aware of fraudsters who claim to represent the bank. These people promote false investment opportunities that appear authentic ...

The Central Bank of Cyprus (CBC) hosted a special session on Wednesday with various local business associations, according to an official announcement. The session focused on the digital euro’s ...

Hellenic Bank on Wednesday reported a profit after tax of €284 million for the first nine months of 2024, marking a 28 per cent increase from the same period last year. “During the ...

Cyprus’ Authority Of Cooperative Societies, led by Kypros Protopapas, has raised concerns about the complexities involved in establishing a new, nationwide cooperative bank. Speaking before the House finance committee this ...

The Bank of Cyprus claimed two prestigious Gold Awards at Bousias’ Cyprus HR Awards for 2023, according to an announcement released on Tuesday. The bank was awarded ‘Best Change Management Strategy &...

The Central Bank of Cyprus (CBC) this week announced an ambitious transformation plan under its newly released strategy for 2025-2026. This initiative, outlined in a 13-page document, aims to create ...

A business association urged parliament on Monday to quickly pass an EU regulation that has to do with the screening of direct foreign investment in Cyprus, noting that the island ...

The savings rate in Cyprus has experienced a decrease, according to preliminary estimates of key macroeconomic indicators from the national accounts for 2023. According to the data, the gross disposable income ...

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Monday highlighted the importance of taking a forward-looking approach to assessing individual risks, combined with a thorough analysis of the prevailing ...

Here are the top business stories in Cyprus from the week starting October 28: Financial support and advisory services are essential for Cyprus’ small and medium-sized enterprises (SMEs) to enhance resource ...

Many US companies have stepped up reporting on environmental and social matters in recent years even with sustained pressure from conservative politicians, data reviewed by Reuters shows. The trend shows ...

Cyprus has exceeded €1 billion in bond and loan repayments for the second quarter of 2024, according to the latest bulletin released on Friday by the Public Debt Management Office (PDMO). The ...

Cyprus recorded an increase in short-term household deposit rates in September, alongside declines in consumer and housing loan rates, according to the Central Bank of Cyprus (CBC). Deposits The rate ...

Household debt in Cyprus has dropped by 57 per cent drop since December 2016, according to a report by the Central Bank of Cyprus (CBC). The CBC’s latest quarterly financial accounts ...