Applications for loan installments in Cyprus have exceeded 7,000 after the government announced a moratorium on loan installments for nine months as part of extraordinary measures to mitigate impact...
Non-performing exposures in the Cyprus banking system amounted to €9,418 million in November 2019 recording an NPE rate of 28.5% of total loans, data released today by the Central Bank of Cyprus (CBC...
27/03/2020
The government has unveiled two schemes to help workers keep their jobs and businesses to avoid bankruptcy amid the coronavirus pandemic.The two schemes were approved by the Cabinet on Thursday and...
27/03/2020
Total deposits in the Cypriot banking system in February marked a net reduction of €117 million, while loans rose by a net €8 billion, according to data released today by the Central Bank of Cyprus....
26/03/2020
The Association of Cyprus Banks has announced that banks decided to suspend foreclosures for a period of three months amid the disruption created by the coronavirus pandemic.The suspension will be in...
19/03/2020
The Central Bank of Cyprus decided to relax loan origination rules while it freed an additional capital amounting to €100 million, bringing the total capital buffer to €1.4 billion, in a bid to...
19/03/2020
Constantinos Herodotou, Governor of the Central Bank of Cyprus, pointed out the need for the banks to transmit the capital relief measures decided by the ECB to the real economy which is feeling the...
18/03/2020
Bank of Cyprus announced that its scheduled non-performing loans sale, called Helix 2, may take longer than anticipated due to the market disruption caused by the coronavirus (COVID-19) pandemic,...
17/03/2020
The Central Bank of Cyprus (CBC), announced Monday that it expects banks to show flexibility in order to support both businesses and households that are expected to be adversely affected by the...
17/03/2020
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC), will hold a teleconference with the chiefs of the Cypriot commercial banks to discuss how the capital buffer created by the...
16/03/2020