Pure new credit provided by the Cypriot banks in November amounted to almost €258 million with total new lending provided for the period of January – November approaching €3 billion marking a slight...
Cypriot banks, Bank of Cyprus and Hellenic Bank have received on Thursday a letter by the European Central Bank informing them about their participation in the stress tests against cyberattacks that...
An increase in loans and deposits in the Cypriot banks was recorded in November 2023, according to December 2023 edition of Monetary and Financial Statistics issued by the Central Bank of Cyprus....
Hellenic Bank has rolled out a Sustainable Financing Framework, as part of its commitment to support the economy's transition to sustainability as it seeks to bring a long-term positive impact for...
The Central Bank of Cyprus, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate to maintain the countercyclical buffer (CCyB)...
State-owned Cyprus Asset Management Company Ltd (KEDIPES) announced the signing of an agreement with Bank of Cyprus Public Company Limited for the sale of a portfolio of serviced and updated...
The Central Bank of Cyprus (CBC) warned on Monday over a possible inflow of non-performing loans (NPLs), as high interest rates and high inflation weighs on the households’ disposable income and the...
Capital Intelligence Ratings announced on Friday that it has revised Outlook for the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of Bank of Cyprus (BoC) to Positive...
As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. In comparison...
Cyprus’ Finance Ministry on Wednesday welcomed “with full satisfaction”, the passing by the parliament of laws which were part of “the comprehensive package” of measures presented by the Minister of...