Constantinos Herodotou, the Central Bank Governor, announced the CBC will set up a digital client on-boarding and reviewing programme, in a bid to streamline banking operations addressing complaints...
The Central Bank of Cyprus said it has imposed a fine amounting to €790,000 to Bank of Cyprus, the island’s largest lender over failure to comply with τhe anti-money laundering law and the CBC...
The adaptation to competition by financial technology companies in an environment of low profitability and risks associated with climate change are the challenges facing the eurozone banking system,...
Cyprus` Central Bank Governor Constantinos Herodotou told MPs on Monday that loan restructurings had recorded a 400% increase in the first six months of this year reaching €1.4 billion.Herodotou, who...
Total new loans granted by Cyprus’ banks decreased by € 72.6 million in October 2021, compared to the previous month, mainly due to the significant reduction of new loans to non-financial...
Hellenic Bank, Cyprus' second largest lender announced net profits amounting to €21 million in the first nine months of 2021, compared with net profit of €40 million in the respective period of last...
Bank of Cyprus, the island’s largest lender, announced net profits amounting to €20 million in the first nine months of 2021, compared with a loss €122 million in the respective period last year,...
The Central Bank of Cyprus has determined the O-SII buffer requirement for six banks.In a press release the CBC says that in accordance with its policy for the designation of Other Systemically...
Non-performing exposures (NPEs) in the Cyprus banking system remained relatively steady in August 2021, with loans in arrears over 90 days rising for the third consecutive month.According to data...
Deposits in the Cyprus banking system rose for a fourth consecutive month in October reaching a new three-year high, while loans continue deleveraging.According to data released by the Central Bank...