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...
31/07/2023
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...
28/07/2023
Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion.Loans in the banking system also increased...
27/07/2023
Bank of Cyprus Holdings Public Limited Company announced that the Bank has successfully launched and priced an issuance of €350 mn of senior preferred notes under its EMTN Programme.According to a...
19/07/2023
Non-performing loans (NPLs) in the Cyprus banking system in April amounted to €2.19 billion with the ratio of NPLs to total loans remaining steady at 9%, according to data released by the Central...
18/07/2023
Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring. The...
18/07/2023
The Cyprus Parliament voted against two non-government bills on borrowers’ rights on Thursday, which the government and the Central Bank had warned could threaten the stability of the financial...
14/07/2023
The Cyprus banking system is resilient having very high capital and liquidity ratios, Governor of the Central Bank of Cyprus Constantinos Herodotou, told the Annual New York-Eastern Mediterranean...
13/07/2023