The European Commission has approved a Cypriot scheme providing partial debt write-off to distressed, socially vulnerable borrowers with loans secured by primary residences. The eligible loans had...
For the first time since its launch of operations in 2015, Ancoria Bank recorded profit after tax for the 6-month period ended 30 June 2021. According to the bank’s unaudited financial results,...
12/08/2021
Interest rates in Cyprus for household deposits remained unchanged at historically low levels in June, while interest rates for deposits from non-financial corporations followed an upward trend. ...
02/08/2021
Private debt in Cyprus amounted to €56.5 billion in the end of March of 2021, with household debt reaching €19.6 billion and corporate debt at €36.9 billion according to the Central Bank of Cyprus (...
02/08/2021
The outcome for RCB Bank Ltd was positive after the completion of the 2021 stress tests coordinated by the EBA and carried out in cooperation with the European Central Bank (ECB). The aim of the EU-...
02/08/2021
European Central Bank (ECB) refrain from expressing an opinion in a dispute in Cyprus between the government and the opposition, regarding a law extending the foreclosure moratorium by three more...
28/07/2021
Moody's Investors Service has upgraded to Baa1 from Baa3 the ratings assigned to covered bonds issued by Bank of Cyprus Public Company Limited ("BoC" or the issuer, CRAssessment Ba3(cr)) under its...
27/07/2021
Non-performing exposures (NPEs) rose slightly in April pushed upwards by increased restructurings data released by the Central Bank of Cyprus show.According to the data released yesterday, NPEs in...
26/07/2021
Rating Agency Moody’s has upgraded Cyprus’ long term credit rating by one notch to Ba1 assigning stable outlook, citing reduced exposure to event risks because of a decrease in banking sector risks,...
Eurobank S.A. (“Eurobank”), subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings), announced the acquisition of a 9.9% holding (40,800,000 shares) in Hellenic Bank Public...
23/07/2021