Central Bank Governor criticized the President of the Republic on Wednesday for the appointment of Marios Klitou in the Board of Directors of the CB three years ago without his consent. Speaking...
“The Cypriot banks have sufficient capital to bear even a big haircut of the Greek bonds”, Central Bank Governor, Athanasios Orpahnides stated today, stressing that according to the European Central...
An undeclared war on the deposit rates has broken out among the banks in the past few weeks, after the significant changes in the external interest rate environment and the developments in Greece...
Eurobank EFG Cyprus, Michalis Louis said that the Greek economy will recover in late 2011 early 2012. “Until then, the banks have to face two main issues, their capital adequacy and their liquidity...
The banks continue to strengthen their capital base as an offset to their big exposure to Greece. Despite the critical reports by the foreign rating agencies, the banks believe that they have...
Mr. Costas Kokkinos, Managing Director of Alpha Bank, handed in his resignation. His resignation was accepted by the Board. According to the announcement, Mr. Georgios Georgiou, Financial Markets...
Amid strong disputes on the high interest rates imposed by the banks, usury and speculation have become penal offences as from today. The relevant bill, which exempts the banks, sets a ceiling of...
Thousands of households and businesses will start paying higher installments since all big banks decided to increase their base rates on the housing and business loans and the current accounts....
The Finance Minister and the CB Governor agreed that they disagree on the bill for the taxation of the banks and now it is entirely the Parliament’s responsibility, which might make the tax permanent...
The banking system of Cyprus is in very good condition even with the downgrades, Central Bank Governor, Athanasios Orphanides stated. Speaking to Parliament, he said that the banks in Cyprus have...