Cypriot banks are on track in meeting their MREL targets, set by the Single Resolution Board (SRB) even well before their deadline, SRB chair Dominique Laboureix has told the Cyprus News Agency (CNA...
The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%,...
01/03/2024
The development of the resilience of the European banking system and consequently of the Cyprus banking system, contributes to dealing with shocks, said today the Chairman of the Single Resolution...
01/03/2024
The outstanding amount of total deposits reached €51,9 billion in January 2024, while the outstanding amount of total loans was €24,7 billion, according to the Central Bank of Cyprus which released...
27/02/2024
Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance)...
26/02/2024
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...
23/02/2024
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...
20/02/2024
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...
19/02/2024
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...
08/02/2024
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...
06/02/2024