Supreme Court rejects appeal over 2013 ‘haircut’ case
The Supreme Court has dismissed an appeal from a Polish woman seeking compensation from Cyprus for losses during the 2013 banking crisis, it was made known on Thursday.
The case involved ...
Our View: Should bad debtors be given more slack?
Thirteen years after the economic meltdown and the collapse of the banking system, Akel is still talking about the “protection of borrowers.” The party mouthpiece, Haravghi, reported on Tuesday that ...
Our View: Red tape and rigid banks drive investors away
Some things never change in Cyprus. A couple of days ago, at a House committee meeting with all the representatives invited, complained about the obstacles faced by foreign investors. The ...
Cyprus banks falling far short in social responsibility
Cyprus banks are failing in giving decent interest rates on customer deposits and in providing sufficient credit at reasonable interest rates to businesses and households to support balanced economic growth ...
Cyprus banks: interest rate policies harming borrowers and savers
Recent statements by Cyprus bankers that the profitable activities of banks are contributing importantly to the good performance of the Cyprus economy and that large bank profits emanate mainly from ...
The rise and rule of zombie banking in Cyprus
Led by the government, politicians in Cyprus accommodate banks using any means at their disposal, to the detriment of the economy and taxpayer
By Savvakis C. Savvides
In a country ...
A banking system that facilitates wealth transfer rather than wealth creation
By Savvakis C Savvides
Every capital investment whether deemed to have negative or positive Net Present Value has, like a coin, two sides. One is the return side and the ...