Alpha Services and Holdings S.A. (together with its subsidiaries, the “Alpha Bank Group” or the “Group”) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”)...
The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this...
11/02/2022
Pure new credit granted by the Cyprus banks amounted to €2.94 billion in 2021 marking an annual increase of 22.3%, as the Cyprus economy recovered from COVID-19 pandemic in 2020.According to data...
03/02/2022
Interest rate for corporate deposits declined to 0.02% in December 2021, marking a historic low while rates for household deposits remained unchanged at 0.06%, data released by the Central Bank of...
03/02/2022
Cyprus remained the country with the highest stock of non-performing loans (assets) of general government in 2020, according to data released by Eurostat, the statistical office of the European...
01/02/2022
Cyprus’ high overall indebtedness continues to limit Cypriot banks’ growth potential and elevates economic vulnerability, a credit negative for banks, according to Moody’s credit agency.On 25 January...
31/01/2022
President of the European Central Bank, Christine Lagarde, will visit Cyprus on March 29, at the invitation of the Central Bank of Cyprus Governor, Constantinos Herodotou.A press release issued by...
31/01/2022
Deposits in Cyprus banking system in end-2021 amounted to €51,52 billion recording an increase of €3.31 billion compared with December 2020, according to data released by the Central Bank of Cyprus (...
28/01/2022
State-owned asset management company, KEDIPES, posted cash inflow of €115.5 million in the fourth quarter of 2021, which is the highest level since the outbreak of the COVID-19 pandemic, marking an...
28/01/2022
Total non-performing loans (NPLs) in Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91...
26/01/2022