Half of Cypriots do not know the limit for insured deposits despite the fact that Cyprus suffered a haircut of deposits over €100,000 as part of its bailout plan in 2013, a survey showed.The fining...
Hellenic Bank announced that the Board of Directors of the Bank has decided the appointment of Mr Antonis Rouvas as the new Chief Financial Officer of Hellenic Bank Group and Executive Member of the...
15/04/2021
The Cyprus Composite Leading Economic Index (CCLEI) remained steady in March 2021 year-over-year recording a decrease of 0,1% reaching a level of 103.4, according to a Hellenic Bank’s press release....
13/04/2021
Moody’s rating agency says that the decline in Cyprus nonperforming exposures (NPEs) by 43% despite the pandemic was credit positive. At the same time, the agency warns that any changes to the legal...
12/04/2021
Hellenic Bank, Cyprus’ second largest lender, posted a net profit amounting to €50 million for the year 2020, despite the pandemic and the consequent elevated provisions for credit risk amounting to...
09/04/2021
Non-performing loans (NPLs) in the Cyprus banking system dropped to €5.11 billion at the end of 2020, marking a decline of €3.86 billion compared with the respective period of 2019, data released by...
09/04/2021
The Ad-hoc committee on promoting financial literacy in Cyprus began operations analysing the results of a sample survey carried out by the Central Bank of Cyprus to ascertain the level of financial...
07/04/2021
Total new loans in Cyprus recorded an increase to €319.4 million in February 2021, compared to €208.0 million in the previous month, according to figures by the Central Bank of Cyprus.The Central...
02/04/2021
The current account balance of Cyprus recorded a deterioration, with the deficit increasing from €1,406.0 million in 2019, to €2,476.4 million, in 2020, according to the Central Bank of Cyprus.The...
02/04/2021
Eurobank Cyprus announced on Monday net profits amounting to 40.1 million euros in 2020.A press release issued by the Bank said that the Capital Adequacy Ratio and CET 1 amount to 26.2%. Deposits are...
29/03/2021