The change in the Bank of Cyprus’ leadership will not affect the momentum in addressing the remaining challenges, as the strategy implemented is the appropriate and bears fruit, the bank’s outgoing...
Governor of the Central Bank of Cyprus Constantinos Herodotou has spoken of a new culture of compliance in Cyprus banks on anti-money laundering since 2013 and that progress so far is beginning to be...
18/04/2019
Minister of Finance Harris Georgiades and new Governor of the Central Bank of Cyprus Constantinos Herodotou (CBC) pledged on Tuesday to set their cooperation on a new basis with a view to further...
16/04/2019
The 2019 Fiscal Monitor, issued by the International Monetary Fund (IMF), reflects the deterioration of Cyprus’ public debt as a result of the issue of bonds to support the sale of the Cooperative...
11/04/2019
The Governor of the Central Bank of Cyprus, exercising the powers vested in her by section 42 of the Business of Credit Institutions Laws of 1997 to (Νο.3) of 2018, decided on 29 January 2019 to...
10/04/2019
The level of non-performing loans (NPL), although significantly reduced, remains high and is a challenge that we should tackle in common, Cyprus President Nicos Anastasiades said on Tuesday, speaking...
09/04/2019
The government will remain focused on maintaining macroeconomic stability, strengthening the sector of financial services and the already competitive ecosystem for business and investment, Nicos...
09/04/2019
The EU28 seasonally adjusted current account of the balance of payments recorded a surplus of €38.6 billion (1.0% of GDP) in the fourth quarter of 2018, up from a surplus of €36.2 billion (0.9% of...
05/04/2019
Rates for the majority of the reported loans and deposits rose in February, according to data published today by the Central Bank of Cyprus (CBC).Rates for consumer credit rose to 3.37% in February...
04/04/2019
The International Monetary Fund called on Cyprus to mitigate the main vulnerabilities the economy is faced with, as headwinds are threatening sustained economic growth.In a statement following the...
29/03/2019