Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest...
The European Central Bank has approved the appointment of Petros Christodoulou as Independent Non-Executive Chairman of the Board of Directors of Hellenic Bank Public Company Limited.According to a...
The Cypriot banks provided the lowest interest on corporate deposits and the third lowest rates on deposits by households in the Euro area in November despite marginal monthly increases.According to...
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...