Bank of Cyprus Group, a leading financial institution in Cyprus, has announced profit after tax of €220 million for the first half of 2023, highlighting its robust profitability, a significant leap...
Loan renegotiation in the Cyprus banking system spiked to record-levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort...
The Cyprus Asset Management Company Ltd (KEDIPES) will return interest amounts of €4.6 million for the first half of 2023, to borrowers who have restructured their credit facilities as part of the...
Deposit rates in the Cyprus banking system in June marked the highest increase since the ECB began hiking its interest rates in a bid to control the soaring inflation in the Eurozone, according to...
Pure new credit (loans excluding renegotiated credit facilities) rose by an annual 1.26% in the first six months of 2023, with continued rate hikes by the European Central Bank affecting housing...
Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching to the profitability of full year 2022, due to rising interest rates and the high...
Hellenic Bank announced that it has received notice from the Company’s Chief Executive Officer, Mr. Oliver Gatzke, that he has decided to terminate his employment agreement with the Bank with effect...
The Bank of Cyprus Group announced the successful completion of the EU-wide stress test for 2023. According to the announcement, the results show the Group's resilience under adverse conditions and...
Private debt in Cyprus (debt by both households and non-financial corporations) amounted to 218% of GDP in the first quarter of 2023, with debt in absolute numbers totalling €60.1 billion, the...
Cypriot bonds held by the Eurosystem in the context of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) amounted to €7.12 billion according to the...