As a result of its targeted supervisory actions, from the end of 2018 until now, credit institutions terminated relationships with 42,728 shell companies and closed 125,782 bank accounts, the Central...
An online platform through which depositors who suffered a 'haircut' in 2013 will be able to fill in an application form will be ready by the end of this year, Government Spokesman, Konstantinos...
Cyprus’ largest banking and financial services group, Bank of Cyprus Group reported a profit after tax of €349 million for the nine months ending 30th September 2023, a substantial improvement...
The solvency ratio of the Cypriot banking sector increased to 23.3% In the second quarter of 2023, according to data released by the Central Bank of Cyprus (CBC). This marks a rise from the 21.7%...
The Law Office of the Republic said in a press release it will appeal a Limassol District Court decision to compensate a foreign depositor of the defunct Laiki Bank over the haircut imposed on...
A total of 36 bad cheques, worth €566,732, were issued in October 2023, with 21 persons (14 legal entities and 7 natural persons) being registered in the preliminary list of the Central Information...
Cypriot banking sector is in the best position it has been over the last decade, experts said at the 19th Annual Economist Summit, on the session regarding the response of the banking sector in an...
Non-performing loans in Cyprus' banking system in August declined by €16 million to €2.089 billion from €2.105 billion in the previous month, data released by the Central Bank of Cyprus (CBC) show....
Fitch Ratings has announced significant upgrades for the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, underscoring the improving economic situation in Cyprus and the positive outlook...
Household deposit and lending rates in Cyprus increased in September according to the latest data released Thursday by the Central Bank of Cyprus.Interest rates on deposits from households with...