#banking

After a turbulent decade marked by restructuring, regulatory tightening and a gradual restoration of public trust, the island’s banks are entering a new chapter shaped by consolidation, rising profitability ...

Commerce Minister George Papanastasiou on Thursday offered his support for the establishment of a new cooperative bank. “The government supports the initiative, and I will undertake, as an obligation, to ...

Alpha Bank on Thursday announced a binding agreement to acquire the total assets and liabilities of AstroBank Public Company Ltd for €205 million, a move strengthening its presence in the Cypriot ...

The bicommunal technical committee on economic and commercial matters is examining ways to withdraw damaged euro notes that have accumulated in the north through the Central Bank, Greek Cypriot co-chairman ...

Parliamentarians on Monday discussed amendments to the law which would mandate authorities here to request access to individuals’ banking information where taxes or duties levied on behalf of the European ...

The Cypriot banking sector is in the best position it has been in a decade, experts said during a session on the sector’s response in an environment of elevated ...

Astrobank is looking to buy out CDB Bank as it branches out into acquisitions and mergers within Cyprus’ banking sector, it was reported on Saturday. The Cyprus News Agency cited ...

Finance Minister Makis Keravnos appears to have made it his mission to put Cyprus’ banks under his control, even though he has no such authority. The latest idea he has ...

Cyprus and global banking sectors are facing a cocktail of challenges that lead to radical change, banking expert Chris Davis told the Cyprus News Agency on Sunday, underlining that enhancing ...

The Bank of Cyprus on Tuesday announced that it generated a €95 million after-tax profit for the first quarter of 2023, a significant improvement over the corresponding period of 2022, when it recorded ...

European prosecutors on Friday questioned Lebanon’s Finance Minister Youssef el-Khalil, a senior judicial source said, as part of their probe into whether the country’s long-standing central bank governor ...

Banks have yet to react to an appeal from Finance Minister Makis Keravnos not to raise their interest rates on performing loans, forcing the minister to publicise his communications with ...

More than 4,000 accounts held by Russians in Cypriot banks could be closed over the next two months following the imposition of sanctions on a number of individuals in Cyprus, by ...

The Central Bank of Cyprus (CBC) reported this week that its January 2023 Bank Loan Survey had recorded stricter lending criteria for all categories of loans, resulting in reduced supply and ...

The House on Thursday passed a law making some 1,000 former bank employees eligible for unemployment benefit, in what some commentators earlier called a scandalous arrangement. The government bill, amending the ...

The Bank of Cyprus released its Pillar 3 Disclosures on Wednesday, April 5, which contained forward-looking statements regarding the group’s future financial condition, performance, and opportunities. The public disclosure requirements of ...

The Cyprus banking system is resilient and able to cope with the ongoing issues faced by Credit Suisse, government spokesman Konstantinos Letymbiotis said on Tuesday, echoing the Central Bank’s ...

The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions ...

MPs on Tuesday said they hoped to soon bring to the plenum legislation beefing up the rights of consumers, particularly in relation to banking services. Lawmakers have tabled two bills ...

California banking regulators on Friday moved quickly to close startup-focused lender SVB Financial Group SIVB.O, the largest bank failure since the financial crisis, a sudden collapse that prompted the ...

The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...

Barclays (BARC.L) reported a 14 per cent fall in full-year pretax profit on Wednesday as earnings were poleaxed by surging costs, a collapse in deal fees and multi-million dollar fines ...

Net new lending in Cyprus stood at €3.23 billion in 2022, reflecting a 10 per cent increase compared to the previous year, despite the uncertainty created by the war in Ukraine, according to ...

Lending rates in Cyprus rose again in December 2022, with deposit rates also moving higher amid the European Central Bank’s normalisation of key interest rates, according to a report released ...