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...
The launch of a reliable tool to assess the degree of compliance of companies with the ESG (Environmental, Social, Governance) criteria that companies must meet in order to ensure their sustainable...
The merger of Hellenic Bank with Eurobank Cyprus is the “ultimate goal” Eurobank CEO Fokion Karavias has said, noting the merger would yield “quite material synergies” between the two banks both in...
State-owned asset manager company, KEDIPES, registered cash inflows of €130 million for the fourth quarter last year, leaning to record cash inflows of €440 million for full-year 2023, KEDIPES...
New lending by Cypriot banks rose significantly in January, driven mainly by large corporate loans, over €1 million, according to data released the Central Bank of Cyprus (CBC) on Monday.Pure new...
Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus.Interest rate provided by...
The cooperation between Greek and Cypriot banks is a positive development and a win-win situation, said Bank of Greece Governor Yannis Stournaras on Friday, commenting on the expansion of Greek banks...
Cypriot banks are on track in meeting their MREL targets, set by the Single Resolution Board (SRB) even well before their deadline, SRB chair Dominique Laboureix has told the Cyprus News Agency (CNA...
The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%,...