In a note released today, Moody’s said that the Cypriot Financial Stability Fund is not enough to make a difference. The memo refers to the Finance Ministry’s proposal to establish a financial...
Central Bank Governor, Athanasios Orphanides stated on Monday that the additional taxation of the banks will increase the cost of borrowing. In a public intervention via an article to the local...
21/03/2011
The shrinkage of the Cyprus economy, the high unemployment and the reduction of the property and share prices will be the strong “cocktail” of risks that the European Banking Authority (EBA) will...
18/03/2011
The first messages for an interest rate increase have already been sent to the customers by the banks, raising concerns to the business world, which believes that the cost of money will jeopardize...
18/03/2011
Depositors find more favourable terms in the banks in 2011, since the changes in the interest rate environment and the banking conditions in Greece have boosted the upward pressures on the interest...
17/03/2011
Marfin Popular Bank announced today the change of its base rate by 50 base points – from 5% to 5.5% - with effect from May 17, 2011. According to a press release, the decision was taken after the...
17/03/2011
Times are very difficult for the bank employees since the financial crisis and the incentive framework of the banks in the past few years put higher pressures for the violation of the internal...
17/03/2011
Central Bank Governor, Athanasios Orphanides expressed the CB’s opposition to the additional taxes on banks, in a letter sent to the Chairman of the House Finance Committee, Nicholas Papadopoulos...
14/03/2011
DISY MP, Kyriakos Hadjiyiannis seeks to regulate the delayed payments in commercial transactions via a draft law. According to its accompanying report, the delayed payments in the commercial...
11/03/2011
Moody's Investors Service has today downgraded the deposit and debt ratings of the following six Greek banks: National Bank of Greece SA (NBG), to Ba3 from Ba1; EFG Eurobank Ergasias SA (Eurobank),...
09/03/2011