Hellenic Bank announced €69.7 million profit for the first quarter of 2023, on Friday.According to a press release, the Bank holds a Solid Capital Position with a CET1 ratio of 19.3% and Capital...
The Central Bank of Cyprus (CBC) said that the Cypriot economy will expand by 2.6% in 2023, noting that the more positive developments observed in the first months of the year in relation with...
22/06/2023
Minister of Finance Makis Keravnos and Governor of the Central Bank Constantinos Herodotou on Tuesday highlighted the need for the preservation of financial stability.Addressing the annual general...
21/06/2023
Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation.According to data...
21/06/2023
Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday....
21/06/2023
Cyprus Asset Management Company (KEDIPES) has repaid to the state €1 billion in cash, since the start of its operations five years ago, related to the state aid received by the former Cyprus...
19/06/2023
Moody's Investors Service has assigned a B3(hyb) rating to Bank of Cyprus Holdings Public Ltd Company's (Bank of Cyprus Holdings) upcoming Additional Tier 1 (AT1) capital instrument.According to a...
14/06/2023
Overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....
10/06/2023
Credit rating agency DBRS highlighted the different journeys taken by Cyprus and Greece in addressing their non-performing loans (NPLs), in a report published on Friday.DBRS points out that Greece...
09/06/2023
Total new loans recorded a decrease to €473.9 million in April 2023, compared with €922.5 million in the previous month, the Central Bank of Cyprus said in a press release on Tuesday.The CBC released...
06/06/2023