Fund Managers took the lion’s share in the issuance of the first ever 15-year bond by Cyprus, with 55% of the allocations, followed by banks (20%) and insurance and pension funds (10%), the Ministry...
Cyprus Asset Management Company’s (KEDIPES) generated income of 101 million Euros in the first four months of operation of the state-owned asset manager, established following the sale of the former...
20/02/2019
Non-performing exposures (NPEs) in Cyprus banks recorded an increase of € 87 million in October 2018 compared to September 2018, despite the fact that they remained unchanged as a ratio to total...
12/02/2019
Bank of Cyprus, Cyprus’ largest lender, has agreed with APS Delta sro to sell a portfolio of retail unsecured non-performing exposures amounting to €34 million, as part of the bank’s efforts to clean...
06/02/2019
Cyprus ten-year bond yield declined below the 2% barrier in February, marking a new all time low, according to data analysed by CNA. Cyprus ten-year bond with a coupon of 2.38% was trading in the...
04/02/2019
The International Court of Arbitration in Paris on Tuesday ruled in favour of the Republic of Cyprus in the case of the Federal Bank of the Middle East (FBME), which the Central Bank of Cyprus...
30/01/2019
Release of funds to subsidise nonperforming mortgage loan repayments is credit positive for Cyprus' banks, according to Moody’s rating agency.On 21 January, Cyprus' parliament, through its finance...
28/01/2019
Moody`s Investors Service upgraded Thursday Bank of Cyprus Public Company Limited`s and Hellenic Bank Public Company Ltd`s long-term deposit ratings to B3 from Caa1, and their long-term Counterparty...
Parliamentary Committee on Financial and Budgetary Affairs has released the funds for the government scheme called ESTIA (home) amounting to €33 million aiming to subsidise part of the repayment plan...
22/01/2019
Government debt is down to 86.1% of GDP in euro area, down to 80.8% of GDP in the EU28 and up to 110.9 in Cyprus (22.643 bn) according to data released today by Eurostat, the statistical office of...
22/01/2019