Finance Minister, Harris Georgiades, said on Monday that a new scheme for responsible borrowers was not particularly feasible as it did not seem to secure the approval of the European Commission. The...
International credit rating agency DBRS has said that Cyprus is among a group of European countries in which the outstanding mortgage debt as a percentage of GDP has shrunk between 2008 and the...
05/09/2019
Τotal new loans in Cyprus’ banks decreased by €90 million in July 2019 compared to June 2019, according to data released by the Central Bank of Cyprus (CBC).In July, total new loans recorded a...
03/09/2019
Deposit and lending rates to non-financial corporations increase in July 2019 compared with June 2019, while all other interest rates decrease, according to data released Tuesday by the Central Bank...
03/09/2019
Finance Minister, Harris Georgides, has called on all eligible delinquent mortgage lenders to apply for the ESTIA government subsidy scheme aiming to assist defaulted borrowers who pledged their...
02/09/2019
Finance Minister Harris Georgiades said he was particularly satisfied over the comments made by Maxine Waters, Chairwoman of the US Congress Financial Committee over the progress made by Cyprus on...
30/08/2019
Deposits in Cyprus Banks rose in July 2019 to the highest level of the last 10 months, while overall loans fell to a new low, according to data released by the Central Bank of Cyprus on Wednesday...
29/08/2019
S&P Global Ratings has published its annual report on RCB Bank, confirming its “BB-/B” long- and short-term counterparty credit ratings with stable outlook. RCB continues to hold the highest...
28/08/2019
The Bank of Cyprus announced on Tuesday that it has posted profit after tax of €2 mn for the 2nd quarter of 2019 and €97 mn for the 1st half of the year. The Bank said that the non performing...
27/08/2019
The Cabinet decided on Wednesday to set up an Investment Fund, following a relevant proposal made by the Finance Minister, with the state contributing to the Fund’s initial capital with 20 mln euros...
22/08/2019