Banking and Finance

The Central Bank of Cyprus (CBC) and the Bank of Greece are set to sign a Memorandum of Cooperation, formalising collaboration in specific areas such as resilience exercises, as well ...

The Cyprus Securities and Exchange Commission (CySEC) this week held an event with the Hellenic Capital Market Commission (HCMC), during which they discussed the challenges facing European markets. The event, ...

The European Central Bank will continue putting a “floor” under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity ...

Hellenic Bank on Thursday announced the launch of a specialised account designed for individuals aged 18 to 25, acknowledging the specific financial needs of the youth. The bank explained that the account, ...

New traders often think that creating an account on a crypto trading platform is a complex procedure. They often become confused about which type of account will be the most ...

On fate trades like the Chicago Mercantile Exchange (CME) and the Multi Commodity Exchange (MCX), silver is traded as an item. The vendors of Skyion Group can exchange silver possibilities ...

European banks are set to hand investors a record 120 billion euros ($130 billion) in dividends and share buybacks this year, analysts say, returning more of the profits reaped from a period ...

In volatile investments, currencies attract traders seeking profits. The global economy’s constant fluctuation makes currency selection challenging. With the right knowledge, investors may capitalize on market trends. This extensive ...

Bank lending to companies and households in the eurozone stagnated last month, indicating the bloc’s long-awaited economic recovery has yet to gain traction, European Central Bank data showed on ...

Both total loans and deposits in Cyprus witnessed a net decrease in January 2024, according to a report released on Tuesday by the Central Bank of Cyprus (CBC). According to the ...

Here are the top business stories in Cyprus from the week starting February 19: On Monday, the Bank of Cyprus unveiled its financial results for the fiscal year ending December 31, 2023, which ...

Hellenic Bank on Friday released its preliminary group financial results for 2023, posting a full-year profit of €365.4 million, while profit for the fourth quarter alone stood at €124.8 million. Commenting on the ...

Lloyds Banking Group’s (LLOY.L) full-year profit jumped by 57 per cent, it said on Thursday, despite Britain’s faltering economy and a 450 million pound ($571 million) charge for potential costs ...

Vice Chairman of the Cyprus Securities and Exchange Commission (CySEC) George Karatzias on Thursday reaffirmed the commission’s support for the country’s collective investment sector, outlining a number of ...

Barclays (BARC.L) laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds of costs, returning 10 billion pounds ($12.6 billion) to shareholders and investing ...

An increasing number of customers are using the Bank of Cyprus’ digital channels, for both banking and insurance products, leading to a large increase in digital sales of insurance plans, ...

The Bank of Cyprus on Monday released its financial results for the fiscal year ending December 31, 2023, posting a profit after tax of €487 million, with new lending reaching €2 billion in total. “2023 ...

Here are the top business stories in Cyprus from the week starting February 12: In a recent development, Cyprus’ Research and Innovation Foundation on Monday announced that it is joining forces ...

The Alpha Bank Group’s role in supporting the continued growth of Cyprus’ economy was discussed in a series of important meetings, according to an announcement released by the bank ...

The Cyprus Investment Funds Association (CIFA) this week held its annual general meeting (AGM), which sought to highlight the significant role and contributions of the investment funds sector in driving ...

Freedom Holding Corp. (FRHC), the founder of Freedom Finance Europe, on Friday released its financial results for the third quarter of the fiscal year 2023, ending on December 31, 2023, reporting an impressive ...

The Cyprus Securities and Exchange Commission (CySEC) has announced that it has reached a settlement agreement, worth a total of €200,000, with Fintailor Investments Ltd, a Cyprus Investment Firm (CIF). The ...

The Central Bank of Cyprus (CBC) on Monday released an announcement addressing recent media reports, concerning the European Banking Authority’s (EBA) peer review report on the supervision of creditors’ ...

Here are the top business stories in Cyprus from the week starting February 5: Recently, the Cyprus Securities and Exchange Commission (CySEC) reached settlement agreements with two Cypriot companies, namely the ...