Hellenic Bank, Cyprus' second largest lender announced profit after tax amounting to €365.4 million in its highest-ever profitability mainly driven by high interest rates and its ample liquidity held...
The European Commission's DG Competition has approved an interest subsidy scheme for housing loans concluded between January 1, 2022 until December 31, 2023 and concern the purchase or construction...
Bank of Cyprus, the island’s largest lender, announced net profits of €487 million for full year 2023, edging closer to pre-financial crisis levels, driven by the high interest rates environment.«The...
The visit to Cyprus of Governor of the Bank of Spain Pablo Hernández de Cos underscores the shared commitment to enhance collaboration between the two central banks, a press release by the Central...
The European citizens should know that that the European Central Bank’s next move will be a rate cut, Governor of the Bank of Spain and ECB Governing Council member Pablo Hernandez de Cos said on...
After having received the approval of the Commission for the Protection of Competition, regarding the concentration arising in Cyprus' banking sector, from the increase of Eurobank’s stake in...
The Governor of the Bank of Spain, Pablo Hernández de Cos, will be in Cyprus on Monday and Tuesday at the invitation of the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou....
New borrowing remained unchanged in Cypriot banks in 2023, despite the high-interest rate environment that has propelled loan restructurings to historically high levels.According to data released by...
An imminent two-day visit of Governor of the Bank of Spain Pablo Hernández de Cos, to Cyprus on February 5-6, holds considerable significance regarding key economic discussions.As CNA has learnt,...
Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou said Thursday that a reduction in interest rates should be expected within 2024, barring unforeseen developments. He also...