The Central Bank of Cyprus (CBC) has maintained the countercyclical buffer (CCyB) rate to be observed by commercial banks at 1%, with effect as of June 2 2024.“The CBC, in accordance with the...
The Board of Directors of the Cyprus Asset Management Company (KEDIPES) has decided to proceed in the first quarter of 2024 with the largest quarterly payment in cash to the state, since the start of...
Total deposits in February recorded a significant net increase by €65.4 million following a decrease of €366.0 million in the previous month, while loans recorded a large net increase of €348.9...
Net demand for corporate loans continued declining in the last quarter of 2023, maintaining a downward trend since the first quarter of 2022, albeit at a slower pace than expected in the previous...
The Central Bank of Cyprus (CBC) publishes short educational videos, aiming to raise public awareness and promote financial literacy, in the context of the annual Global Money Week 2024 campaign,...
The Cypriot economy will register a growth rate of 2.8% in 2024, the Central Bank of Cyprus (CBC) said on Friday, upgrading its December projection by 0.2%, citing more optimistic assumptions in...
In February 2024, a total of 16 bad cheques, amounting to €19,388, were issued, with 9 individuals (7 legal entities and 2 individuals) being listed in the preliminary registry of the Central...
Cyprus Finance Minister Makis Keravnos welcomed Greek Eurobank’s Group business moves in Cyprus, highlighting the significance of foreign investments for the Cypriot economy.According to a press...
The Cyprus Asset Management Company (KEDIPES) announced on Thursday the completion of a performing and restructured loan portfolio sale to Bank of Cyprus Public Company Limited, with a total gross...
Hellenic Bank and Eurobank Cyprus will continue to operate separately until conditions are ripe for the potential merger of the two banks, Eurobank Group CEO Fokion Karavias has said.The Greek...