Banking and Finance

Net new loans in Cyprus decreased by €71.2 million in August 2023, compared to July 2023, according to the latest data from the Central Bank of Cyprus (CBC). According to the report, net ...

The Appeals Court has voided a prior court ruling which had fined a former banker €100,000 for having made misleading statements concerning the cash flow of now-defunct Laiki (Popular) Bank. The ...

By Kyriacos Nicolaou In this exclusive interview, Timur Turlov, a visionary leader and CEO, delves into his triumphant journey in the world of finance. It all began in 2008 amidst the ...

The Vice President of the European Central Bank (ECB) Luis de Guindos on Wednesday praised the notable improvement in Cyprus’ economy and its recent upgrade by two credit rating agencies ...

The world’s biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold. In the US Treasury market, ...

Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy’s fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back ...

Cyprus has witnessed a decrease of €83 million in non-performing loans (NPLs) in the local banking system at the end of June, dropping from €2.19 billion to €2.11 billion, compared to the previous ...

The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board member ...

Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday. Both had their long-term deposit ratings increased ...

Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS (...

The number of instances of greenwashing by banks and financial services companies around the world rose 70 per cent in the past 12 months from the previous 12 months, a report on Tuesday ...

The US bond market is calling a moment: the age of low interest rates and inflation that began with the 2008 financial crisis has ended. What follows is unclear. The market’...

The European Central Bank is looking at how artificial intelligence could help improve its understanding of inflation after underestimating price pressures for years and delaying the start of the most ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday released a statement announcing its active participation in World Investor Week 2023 (WIW2023), a global initiative that unites regulators from more than 100 ...

The financial landscape of Europe has been undergoing significant changes with a renewed focus on anti-money laundering (AML) and Know Your Customer (KYC) regulations. Companies operating in the single market ...

Payday loans in Australia are a lifeline for many Australians when money is tight. Those shoes fit all of us. It’s almost the last day of the month! The ...

The Central Bank of Cyprus has concluded the competition for a new digital platform for customer compliance, CBC governor Constantinos Herodotou explained during an event held on Thursday evening. The ...

Russia’s central bank has extended restrictions on transferring funds abroad for another six months, the regulator said on Friday. Until March 31, 2024, Russian citizens and non-residents from “friendly countries” will ...

Financial institutions, especially fintech companies, are the most vulnerable businesses to data theft and cyberattacks. Since these institutions function solely on the web without physical presence, criminals use the anonymity ...

Fiscal concerns and worries over a prolonged period of elevated interest rates sent government bonds tumbling in the third quarter, and some investors believe more weakness is in store. US ...

Every day more and more companies use fintech tools. Industry expert Sergey Kondratenko explained that companies do this to improve the efficiency of their activities. A recent study by Thomson ...

Cyprus experienced a net increase of €8.5 million in total loans during the month of August 2023, following a significant reduction of €100 million in the previous month, according to a report released ...

Oil prices scaled one-year highs on Thursday while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter ...

Oil Profit, an emerging technology that combines quantum computing and artificial intelligence, has gained significant attention in recent years. Its potential to revolutionize the financial industry is undeniable, but it ...