Number and value of bounced cheques included in the Central Bank’s of Cyprus (CBC) preliminary Central Information Register (CIR), show an upward trend in the first five months of 2022, according to...
New credit granted by Cypriot banks dropped by almost 50% compared with the previous month, pushed downward by a sizeable reduction in new housing loans.According to data published by the Central...
02/06/2022
The non-performing loans rate in the Cyprus banking sector declined to 11.3% of total loans in the end of February 2022 compared with 11.7% in the end of the previous month, data released by the...
30/05/2022
Rate hikes by the European Central Bank are visible as the medium-term inflation target seems to be achieved, Central Bank of Cyprus (CBC) Governor Constantinos Herodotou said on Friday, stressing...
30/05/2022
Total deposits and total loans recorded a monthly increase in April, according to the Central Bank of Cyprus which published on Friday the Monetary Financial Institutions (MFIs) Deposits and Loans...
30/05/2022
AstroBank announced Wednesday a net profit of €3.3 million in 2021, and €18 million before provisions, against a net loss of €18.1 million in 2020. The bank attributes its profitability to the new...
26/05/2022
Lebanese banks’ branches operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the...
24/05/2022
Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021.At the same time, it announced...
20/05/2022
Bounced cheques worth €438,000 were presented to Cyprus banks in April, according to data announced by the CBC on Wednesday. This is the largest monthly value of bad cheques presented at least since...
11/05/2022
The ratings of Cyprus’s two largest banks remain on Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings says. The agency expects Hellenic Bank (HB...