Following the 47th Annual General Meeting of the Bank, the Board of Directors of Hellenic Bank convened and elected: Dr. Evripides A. Polykarpou, as Chairman of the Board of Directors of the Bank, Mr...
During the pandemic, monetary policy and fiscal policy have worked hand in hand and reinforced each other which increased the effectiveness of both policies, Dr. Isabel Schnabel, Member of the ECB`s...
25/06/2021
Cyprus Composite Leading Economic Index (CCLEI) marked its second consecutive annual gains in May, showing prospects for economic growth following the adverse consequences from the continuing Covid...
18/06/2021
Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that “such policies can also backfire and destabilise...
16/06/2021
DBRS Morningstar rating agency, in a report points out that Cypriot banks substantially accelerated the reduction of their legacy NPEs in 2020. The NPE ratio dropped by 10 percentage points...
15/06/2021
Hellenic Bank, Cyprus` second largest lender, announced net profit of €12.9 million in the first quarter of 2021, marking profitability for the fourth consecutive quarter despite the impact of the...
08/06/2021
Total new loans in April declined compared with the previous month, mainly due the reduction in demand for new corporate loans, as new consumer credit increased.According to data released by the...
08/06/2021
Central Bank of Cyprus maintained the countercyclical buffer (CCyB) for banks and investment firms to 0% of the total risk exposure amount for the period 1 July 2021 – 30 September 2021.The decision...
04/06/2021
The European Commission has warned that the uncertainty surrounding the legal framework on foreclosures may impact the efforts to reduce the non-performing loans in the Cyprus banking system.The...
03/06/2021
Total assets of the investment funds were up by 18.9% in March 2021, compared to December 2020, according to the Central Bank of Cyprus, which released on Friday the Investment Funds statistics for...
21/05/2021