Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) has instructed the CBC’s anti-money laundering unit to carry out additional checks in the Cypriot banking system following the new...
Non-performing loans (NPEs according to EBA directive) declined by €0.5 billion in May to €8.4 billion from €8.9 billion in the previous month, corresponding to 26.7% of total loans, according to...
13/10/2020
Panicos Nicolaou, CEO of the Bank of Cyprus, the island’s largest lender assured that Cypriot banks will support the economy and economic activity, severely hit by the Covid-19 pandemic, stressing...
09/10/2020
The current account balance of Cyprus in the second quarter of 2020 recorded an improvement. At the same time, the international investment position (IIP) recorded a slight deterioration at the end...
06/10/2020
Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at `B-` and Viability Rating (VR) at `b-` and removed them from Rating Watch Negative (...
Interest rates for deposits and rates for new housing and consumer loans rose in August, according to data released on Wednesday by the Central Bank of Cyprus.According to the CBC, the interest rate...
02/10/2020
Pure new lending in Cyprus declined to €1.3 billion in January – August 2020 with new credit adversely affected by the coronavirus pandemic.According to data released by the Central Bank of Cyprus (...
02/10/2020
The Cyprus Asset Management Company’s (KEDIPES), a state-owned AMC, cash inflow declined to the lowest point since its inception, affected by Coronavirus pandemic.According to a progress report for...
29/09/2020
Total deposits rose in the Cyprus banking sector in August with the outstanding amount reaching €47.9 billion, according to data released by the Central Bank of Cyprus.The CBC said that deposits in...
25/09/2020
Hellenic Bank, Cyprus` second largest lender posted a net profit of €17.7 million in the first half of 2020, amid the coronavirus pandemic, compared with a net profit of €58.3 million in the...
25/09/2020