Deposits in Cyprus banking system in end-2021 amounted to €51,52 billion recording an increase of €3.31 billion compared with December 2020, according to data released by the Central Bank of Cyprus (...
State-owned asset management company, KEDIPES, posted cash inflow of €115.5 million in the fourth quarter of 2021, which is the highest level since the outbreak of the COVID-19 pandemic, marking an...
28/01/2022
Total non-performing loans (NPLs) in Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91...
26/01/2022
Residential property prices in Cyprus continued to rise in the third quarter of 2021, primarily driven by apartment purchases, according to Residential Property Price Index released Friday by the...
24/01/2022
A new collective agreement was signed on Thursday between the Central Bank of Cyprus (CBC) and ETYK, the Bank Employees' Union. The agreement enables the restructuring of the Central Bank’s...
20/01/2022
The credit profiles of Cyprus’s two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings says. The agency expects Bank of...
14/01/2022
Cyprus has made some progress in improving its level of compliance with Financial Action Task Force (FATF) standards on combatting money laundering and the financing of terrorism, according to a...
13/01/2022
The total stock of Portfolio Investments (PI) assets dropped to €22.8 billion in 2020 marking an annual reduction of 7% compared with €24.5 billion the year before, reflecting the decrease recorded...
13/01/2022
Cyprus’ net stock of Foreign Direct Investment (FDI) in 2020 remained positive although declining to €10.5 billion compared to €12.billion in 2019, according to data released by the Central Bank of...
13/01/2022
The value of bounced cheques issued in 2021 rose to €0.93 million compared with €0.74 in 2020, whereas the number of bounced cheques dropped to 363 compared with 454 the year before.According to data...
11/01/2022