Banking and Finance

The fiscal accounts of the general government generated a surplus of €141.8 million for the period of January – July 2022, marking a sizeable improvement compared to a deficit of €711 million in the ...

The Central Bank of Cyprus (CBC) has issued a call for tenders for a project to digitally verify the data of bank clients. The successful bidder will get the contract ...

Qatar’s central bank has issued its first license for digital payments services to iPay by Vodafone Qatar and Ooredoo Money, it said in a tweet on Tuesday.

Lebanon’s president on Wednesday returned to parliament an amended banking secrecy law that lawmakers passed around a month ago, saying it needed further tweaks to strengthen it. Parliament’s ...

The Bank of Cyprus on Wednesday released its financial results for the first half of 2022, posting a profit after tax of €50 million, marking a significant improvement over the €1 million loss ...

The regulator of Abu Dhabi’s free zone financial centre said on Tuesday it had fined the local subsidiary of fintech firm Wise $360,000 for breaching anti-money laundering (AML) requirements. Abu ...

Gulf banks with exposure to Turkey are expected to make further net monetary losses on their investments in the second half of this year and into 2023, ratings agency Fitch said ...

The rouble firmed towards 60 against the dollar and euro in early Moscow trade on Tuesday, while higher oil prices helped push Russia’s benchmark stock index to its highest point ...

British government bonds are on course for their biggest monthly fall since 1994, as surging energy prices create a perfect storm of higher inflation, tighter monetary policy and the prospect of ...

CarVal, an established global alternative investment manager, on Monday, increased its stake in the Bank of Cyprus to 9.07 per cent, up from the previous percentage of 8.57 per cent, through the ...

European Central Bank policymakers made the case on Saturday for a large interest rate hike next month as inflation remains uncomfortably high and the public may be losing trust in ...

Our organisation’s global purpose is to make an impact that matters. We aim to create better futures, by transforming organisations for a sustainable and prosperous world. “It is my ...

By Andreas Charalambous and Omiros Pissarides The socioeconomic environment has been changing rapidly. The risk of recession in the EU is increasingly becoming visible while inflation, although depicting signs of ...

As technological advancements usher in sweeping changes across the entire economy, the banking sector could not be an exception. Hellenic Bank saw the need for digital transformation in the banking ...

Investors in crypto have endured wild moves in recent months, but this has not fazed asset managers who are preparing to use the blockchain technology behind cryptocurrencies to break funds ...

Afterpay, the Australian payments firm bought by Jack Dorsey’s Block Inc (SQ.N), and Australia’s Westpac Banking Corp (WBC.AX) ended a partnership after the firm cancelled a ...

Demetris Nicolaou joined the bank in 2017 to lead its Digital Transformation Programme – an ambitious 3-year initiative to kick-start the bank’s digital capabilities. As part of this, they have modernised ...

By Ioannis Tirkides The current time and the next period for a number of years at least, will be more treacherous for monetary policy. This is because the era of ...

Egypt’s new central bank governor, Hassan Abdalla, faces a daunting task as he tries to repair an economy derailed by an overvalued currency, rampant inflation and a banking system ...

Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides on Thursday said that the commission is closely monitoring the non-binding takeover offers submitted by private equity firm Lone Star for ...

A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital monetary anchor, Finnish ECB policymaker ...

Cypriot company Point Nine on Tuesday announced that it has been selected as one of the 50 best companies to watch in 2022 by The Silicon Review, one of the world’s ...

Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging ...

Turkey’s central bank unveiled new measures on Saturday meant to address credit availability including higher reserve requirement collateral for lenders, days after it shocked markets with a 100 basis-point interest ...