Having reassessed the Cyprus market conditions in the post COVID era, Arab Jordan Investment Bank (AJIB) has decided to supportthe local market separately and continue with the operations of its...
Cyprus recorded a further decrease of €43 million or 0.5% in aggregate Non Performing Loans (NPLs) at the end of March 2020 compared with the end of December 2019.According to data released Thursday...
07/08/2020
Bank of Cyprus’ latest sale of non performing exposures is credit positive, Moody’s rating agency says while pointing that weak asset quality remains the key credit challenge for Bank.Bank of Cyprus...
06/08/2020
Deposit rates in the Cyprus banking system declined marginally in June, according to data published on Friday by the Central Bank of Cyprus (CBC).The interest for deposits by households with an...
31/07/2020
Debt of corporations in Cyprus amounted to 165% of the island GDP in the end of the first quarter while household debt amounted to 92% of GDP, the Central Bank of Cyprus has said.According to...
31/07/2020
Cyprus’s banks should continue reducing their non-performing loans as soon as conditions allow and foreclosures halted by the pandemic resume, Central Bank of Cyprus Governor Constantinos Herodotou...
31/07/2020
Net demand for loans in Cyprus has recorded a further increase in the first quarter of 2020, a development that is reflected, according to a survey by the Central Bank of Cyprus (CBC), in the...
29/07/2020
Deposits and loans in the Cyprus banking system marked a net increase in June with total deposits amounting to €47.8 billion and total loans to €32.2 billion. Data published on Monday by the Central...
28/07/2020
A small decrease of €4 million was recorded in total non-performing loans (NPLs) at the end of February 2020, compared to the end of 2019, according to data released on Friday by the Central Bank of...
27/07/2020
The banking sector’s capital levels reached a historic high in the end of 2019, placing the Cypriot banks on a better footing to face the crisis stemming from the coronavirus outbreak.According to...
23/07/2020