The European Central Bank (ECB) has bought Cypriot bonds amounting to €481 million as part of the €750 billion Pandemic Emergency Purchase Programme (PEPP) launched as a response to the coronavirus...
The first signs from the market following the partial lifting of lockdown measures are very positive, Minister of Finance Constantinos Petrides said on Tuesday, adding that “we will emerge victorious...
02/06/2020
Deposits were down while loans were up in April 2020 according to data the Central Bank of Cyprus published on Friday.In particular, according to a Central Bank press release total deposits in April...
29/05/2020
Non-performing loans (NPLs) in the Cypriot banking system declined to €8.97 billion in the end of 2019, with the NPL rate amounting to 27.9% of total loans.According to data released by the Central...
28/05/2020
The coronavirus outbreak is first and foremost a health crisis, presenting an unprecedented external economic shock, Bank of Cyprus’ Chief Executive Officer Panicos Nicolaou said, with the Bank’s...
26/05/2020
Suspended credit facilities at the request of borrowers on May 8 amounted to €1.19 billion from €894 million on April 24, according to data released Monday by the Central Bank of Cyprus (CBC).Under...
26/05/2020
Moody’s Investors Service has published its updated credit analysis report on RCB Bank, highlighting its strong asset quality, low NPL and high capital adequacy ratios.RCB Bank’s rating by Moody’s...
22/05/2020
The Council of Ministers decided on Tuesday to withdraw a draft bill providing state-guaranteed bank loans, that was prepared in line with the framework of the European Commission to support the...
19/05/2020
Hellenic Bank, Cyprus second largest lender, announced net profits of €108 million for 2019 with its Chief Executive Officer, Ioannis Matsis, stating that the bank is “on solid foundations and after...
19/05/2020
Deferred payments for loans suspended as part of a debt moratorium decreed issued by Finance Ministry to mitigate the impact of the Covid-19 impact to the economy amount to €894 million with the...
15/05/2020