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 April 2022 to 30 June 2022.According to a...
Cyprus is very much not at the far end of Europe, but at the core of Europe and a key player and a key member state in Europe and Eurozone, said European Central Bank’s President Christine Lagarde in...
30/03/2022
Moody's Investors Service has today confirmed RCB Bank Ltd.'s (RCB Bank) long-term deposit ratings at B1, with a negative outlook. Concurrently, Moody's has downgraded the bank's Baseline Credit...
28/03/2022
Deposits in the banking system of Cyprus stood at €51.5 billion at the end of February 2022, up €3.65 billion compared to February 2021.According to data from the Central Bank of Cyprus (CBC), the...
28/03/2022
RCB Bank Ltd has taken a decision to transform the Bank into a regulated asset management company, shifting away from banking operations, which will be phased out.“Although RCB has been, and remains...
24/03/2022
Τhe Paris Court of Appeal dismissed an application for the annulment of an International Arbitral Award, in favour of the Republic of Cyprus concerning FBME Bank, it was announced on Wednesday by the...
24/03/2022
RCB Bank Limited, Cyprus third largest lender, announced it has entered into an agreement with Hellenic Bank Public Company Ltd for the sale of a performing loan portfolio of up to €556 million,...
22/03/2022
The request for the transformation of Cyprus Asset Management Company (KEDIPES) into an asset management body and the implementation of the mortgage-to-rent plan is expected to be formally submitted...
22/03/2022
Moody`s Investors Service has today placed all of RCB Bank`s long-term ratings on review for downgrade, including its long-term deposit ratings of B1, citing “higher credit risk associated with RCB...
10/03/2022
Rating Agency Standard and Poor’s downgraded RCB bank’s long-term issuer credit rating to `B+` from `BB-` and placed its ratings on CreditWatch with negative implications, citing the impact from the...
10/03/2022