Bank of Cyprus and Hellenic Bank will sell loans, worth €4 bln in total, according to the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou.Herodotou briefed on Monday the House...
Bank of Cyprus, continuing its support to SMEs through European programmes, announces the renewal of its cooperation with the European Investment Bank (EIB) and the Cyprus Government for €100m.The...
16/01/2020
Non – performing facilities (NPFs) in Cyprus banks recorded a slight decrease of approximately € 1.4 million in August 2019 compared to the previous month, according to the latest data released from...
15/01/2020
The Cabinet decided on Wednesday to grant government guarantees to the European Investment Bank (EIB) for two loans to Cypriot banks, to be used to finance small and medium-sized enterprises as well...
09/01/2020
Rates on deposits and loans followed mixed trends in November last year in the Cypriot banking system, data released by the Cyprus Central Bank, on Tuesday, show.According to the official data, the...
08/01/2020
AstroBank (the “Bank”) announced that, following an international competitive bidding process, it reached an agreement, on 31st December 2019, with Qualco Holdco Limited, for the sale to the latter...
03/01/2020
Total deposits in Cyprus reached €48.6 billion in November 2019, while outstanding loans €34.2 billion, data released by the Central Bank of Cyprus on Thursday, show.In particular, according to the...
02/01/2020
The Finance Ministry has announced that distressed borrowers can submit their applications for the “Estia”, a scheme in place since September in an effort to reduce high non-performing loans, even if...
31/12/2019
KEDIPES, the state-owned asset management company announced today that its income from asset management operations amounted to €102 million in the third quarter of 2019, recording a decline of 5.5%...
20/12/2019
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,...
10/12/2019