Banking and Finance

In the tumultuous landscape of 2023, the global economic and sociopolitical spheres were rife with challenges that tested the mettle of governments, organisations, and businesses of all sizes across the world ...

The year 2024 is poised to be a transformative period for the finance industry. What are some of the key finance trends that are expected in 2024? “The financial industry has come ...

The financial services sector has demonstrated its ability to successfully navigate unprecedented levels of uncertainty in recent years From real estate to insurance to investment management to banking and capital ...

Global equity funds saw significant withdrawals in the week up to Dec. 20 as investor enthusiasm over potential rate cuts waned and profit-taking set in ahead of the year-end holidays. The ...

The Central Bank of Cyprus (CBC) this week announced that it has decided to retain the countercyclical capital buffer (CCyB) at 1 per cent, in accordance with the Macroprudential Supervision of ...

Freedom Finance Europe this week announced the inauguration of 3 new offices in the Netherlands, Austria, and Bulgaria, marking another step in its growth trajectory. The company noted that this expansion “...

The Cyprus Stock Exchange (CSE) on Wednesday announced the initiation of a consultation process by the Ministry of Finance regarding the proposed bill for the privatisation of the exchange. Titled “...

State-owned asset management company Kedipes on Tuesday announced the signing of an agreement with the Bank of Cyprus (BoC) for the sale of a portfolio of serviced and up-to-date restructured ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the conclusion of a groundbreaking event, conducted in collaboration with the NGO Citizens in Power and the Chartered Financial Analyst (...

‘Wealth Management is for all’ Hellenic Bank’s Wealth & Investment Services recently hosted a client forum, placing the spotlight on the recent market developments and investment trends. The discussion ...

The Central Bank of Cyprus (CBC) on Monday released a report delving into the country’s financial stability in 2022, as well as its preliminary estimates for the current year, noting ...

Hellenic Bank this week announced that its wealth and investment services division hosted a forum aimed at understanding the challenges and trends shaping the investment landscape, in an effort to ...

The Republic of Cyprus on Friday announced that its financial needs for the upcoming year amount to €1.3 billion, with the majority of that sum covered by an international issuance totalling €1 ...

Ratings agency S&P Global this week announced a one-notch upgrade in the long-term credit rating of the Bank of Cyprus (BoC) to “BB” from “BB-,” with a positive ...

The European Banking Authority (EBA) released its annual assessment of European banking risks this week, revealing the ranking of Cypriot banks concerning interest payments on household deposits and their capital ...

Cyprus’ banking system witnessed a further decline in non-performing loans (NPLs) at the end of September 2023, dropping to €2.02 billion from €2.08 billion in August, reflecting an ongoing trend of improvement, according ...

The Bank of England looks set to keep interest rates at a 15-year high later on Thursday, but investors are most focused on whether policymakers will push back against growing ...

The European Central Bank faces a difficult balancing act on Thursday as it likely slashes its forecasts for growth and inflation while trying to temper speculation about imminent interest rate ...

The Central Bank of Cyprus (CBC) on Thursday released a statement confirming the bank holidays for the upcoming festive season, while urging the public to plan accordingly. According to the ...

Britain’s payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees charged by Mastercard (MA.N) and Visa (V.N) on transactions made between the UK and ...

The Central Bank of Cyprus (CBC) on Monday released a report revealing that a total of 33 bounced cheques, valued at €60,851, were issued in November 2023. This has led to the registration ...

The European Central Bank’s continual balance sheet offloading in its battle against inflation has kept the value of Cypriot bonds held within the Eurosystem at €6.75 billion, according to a ...

The Ministry of Finance on Monday announced that the Republic of Cyprus and France ratified an updated double tax treaty, first announced on Friday, in an effort to eradicate double ...

Cyberattacks against the government pose as the biggest risk to the Cypriot economy, while the mass influx of migrants and deteriorating climate change conditions make up remaining top three risks, ...