Banking and Finance

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, ...

Britain’s “big promises” to boost the financial sector’s post-Brexit global competitiveness have been a “damp squib”, with many of the changes yet to be implemented and none so ...

Cyprus Stock Exchange (CSE) president Marinos Christodoulides recently emphasised the growing importance of Sustainable Development, Social Responsibility, and Corporate Governance in the financial sector. Addressing attendees at the ESG Cyprus ...

Central Bank of Cyprus Governor Constantinos Herodotou on Thursday addressed attendees at the 11th Banking Forum & Fintech EXPO, discussing the impact of technology on the financial sector. Held at ...

The central government’s debt fell by 5.6 per cent between June and September to €22.5 billion. The figure amounts to a €1.33bn reduction over the course of the three-month period in ...

The Cyprus Committee of Financial Literacy and Education convened for the first time at the Central Bank of Cyprus (CBC) on Tuesday, December 5, according to a statement released on Wednesday. ...

European stocks are set for a bullish start if they follow the Asia-Pacific lead, buoyed by a drop in bond yields on deepening confidence that the major central banks’ tightening ...

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury has issued new sanctions orders concerning three Cyprus-based entities on Wednesday. The new sanctions include three ...

Barclays (BARC.L) shares opened 4.5 per cent lower on Tuesday after one of the bank’s largest shareholders Qatar Holding moved to sell around 510 million pounds ($644 million) of its stock, ...

The European Central Bank can take further interest rate hikes off the table given a “remarkable” fall in inflation and policymakers should not guide for rates to remain steady through ...

The Cyprus Borrowers Association (Syprodat) on Monday released a statement expressing its satisfaction with the official launch of the mortgage-to-rent scheme, which went into effect today. The scheme has already ...

By Maria Demertzis How well are central banks doing? Right now, they are making losses but, unlike most large institutions, we should not assess their performance on annual profit and ...

A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt’s ‘Mainhattan’ financial district. Even rainmakers ...

Goldman Sachs on Friday said it now expects the European Central Bank (ECB) to deliver its first interest rate cut in the second quarter of 2024, compared to an earlier forecast ...

Eurobank Cyprus has successfully completed the certification process for its Environmental Management System, adhering to the principles of the international standard ISO 14001:2015, according to an announcement released on Thursday. This ...

The Cyprus Securities and Exchange Commission (CySEC) has seen a significant increase of 12 per cent in entities under its supervision over the last four years, according to George Karatzias, the ...

A Limassol court this week found in favour of a group of depositors with now-defunct Laiki (Popular) Bank who saw their savings wiped out in the March 2013 ‘haircut’, awarding them €5.7 ...

After making hay when a summer bond rout propelled the US dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5 per ...

November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of ...

A debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’...

Bank of England Governor Andrew Bailey said on Wednesday that the central bank “will do what it takes” to get inflation down to its 2 per cent target, adding that he ...