Loan restructurings decelerated to €1,3 billion in 2022 after reaching their highest level in 2021 due to the Covid-19 pandemic.According to data published by the Central Bank of Cyprus, total...
The Minister of Agriculture and Rural Development, Costas Kadis and the Deputy Minister of Tourism, Savvas Perdios, met with representatives of the World Bank, on Thursday, in order to formulate a...
03/02/2023
New credit provided by Cypriot banks reached €3.23 billion in 2022, marking an increase of 10% year one year despite the uncertainty driven by the war in Ukraine, according to data published on...
02/02/2023
Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation.According to data published by the Central...
02/02/2023
The Cyprus banking sector’s total solvency ratio rose to 21.2% in the third quarter of 2022, reaching the highest level in the Central Bank of Cyprus’ data on the banking sector’s key aggregate...
01/02/2023
In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical...
01/02/2023
The household debt ratio stood at 77% of Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according...
31/01/2023
A total of 451 counterfeit euro banknotes have been withdrawn from circulation in 2022 in Cyprus, representing an increase of 113.7% compared with the previous year.According to data published by the...
30/01/2023
Deposits in the Cypriot banking system rose by almost €590 million in December 2022 with total deposits in end-2022 amounting to €52 billion.Total loans rose for the first time following five...
30/01/2023
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine.Addressing...
20/01/2023