Low productivity and high private debt, as external risks increase, are the main challenges for Cypriot economy, as described in a report by the International Monetary Fund (IMF) Executive Board,...
New loans in October 2019 are also reduced by € 29.6 million compared to € 292.2 million in October 2018. The biggest decrease was recorded in new loans to non-financial corporations for amounts over...
04/12/2019
The robustness and solidity of the enlarged Hellenic Bank is demonstrated by its nine-month financial results for 2019, according to a press release presenting profit after tax of €89.4 million. It...
02/12/2019
Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Positive Outlook and Viability Rating (VR) at `b-`, and has also affirmed...
Total deposits and loans in Cyprus’ banks decreased in October 2019, according to data released Thursday by the Central Bank of Cyprus.Total loans in October 2019 decreased by €75 million, compared...
29/11/2019
The Central Bank of Cyprus (CBC) Governor Constantinos Herodotou said that the interest for “Estia” scheme, the government scheme aiming to reduce the volume of bad loans in Cyprus’ banks, was...
29/11/2019
The Bank of Cyprus announced net profits amounting to €116 million for the nine months of 2019, that ended in September, compared to a net loss of €37 million in the respective period of last year,...
27/11/2019
International credit rating agency Capital Intelligence (CI) announced on Thursday that it has affirmed the long term and short-term ratings of Hellenic Bank (HB) at ‘BB-’ and ‘B’, respectively.The...
22/11/2019
The smaller Cypriot banks should follow the path set by larger ones in reducing their stock of non-performing loans, Constantinos Herodotou, Governor of the Central Bank of Cyprus, has said,...
20/11/2019
Hellenic Bank Public announces the conclusion of an agreement with Allianz Global Investors GmbH (“AGI”) for the marketing in Cyprus of units of Undertakings for Collective Investment in Transferable...
18/11/2019