A new collective agreement was signed on Thursday between the Central Bank of Cyprus (CBC) and ETYK, the Bank Employees' Union. The agreement enables the restructuring of the Central Bank’s...
The credit profiles of Cyprus’s two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings says. The agency expects Bank of...
14/01/2022
Cyprus has made some progress in improving its level of compliance with Financial Action Task Force (FATF) standards on combatting money laundering and the financing of terrorism, according to a...
13/01/2022
The total stock of Portfolio Investments (PI) assets dropped to €22.8 billion in 2020 marking an annual reduction of 7% compared with €24.5 billion the year before, reflecting the decrease recorded...
13/01/2022
Cyprus’ net stock of Foreign Direct Investment (FDI) in 2020 remained positive although declining to €10.5 billion compared to €12.billion in 2019, according to data released by the Central Bank of...
13/01/2022
The value of bounced cheques issued in 2021 rose to €0.93 million compared with €0.74 in 2020, whereas the number of bounced cheques dropped to 363 compared with 454 the year before.According to data...
11/01/2022
Α decrease of €722 million or 14.4% was recorded at the end of September 2021 in aggregate Non-Performing Loans (NPLs) compared with the end of June 2021, according to data released Friday by the...
07/01/2022
The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects,...
05/01/2022
The current account balance of Cyprus and its international investment position improved in the third quarter of 2021, according to provisional data released by the Statistics Department of the...
30/12/2021
Deposits in November in Cyprus have increased while loans decreased, according to statistics released on Wednesday by the Central Bank.A press release referred to the MFIs deposits and loans...
29/12/2021