Eurobank Cyprus announced in a press release on Friday that it will be terminating the negative interest rates on EUR denominated deposits held by legal entities from 01/10/2022.The decision,...
Favourable developments in the main macroeconomic indicators of the Cypriot economy for the years 2022-2024 are projected in the medium-term forecasts for September 2022, according to the Central...
22/09/2022
Hellenic Bank posted a profit of €55.4 million for the first half of 2022, compared to a profit of €21.0 million in the first half of 2021, according to Group’s financial results for the six-month...
20/09/2022
Non-performing exposures (NPEs) declined slightly to €2.92 billion in June 2022, marking a reduction of just €34 million compared with the previous month, according to data released by the Central...
20/09/2022
Hellenic Bank announced its decision to terminate negative interest rates on non-household Euro accounts, with effect from 03/10/2022. From this date the interest rate on the non-household current,...
14/09/2022
In Cyprus, the consequences of the adverse geopolitical events to the economy and the banking sector are so far contained, but the second round effects have not yet materialised, said Governor of the...
14/09/2022
Cyprus Stock Exchange (CSE) capitalisation in stocks rose in August rose by 8.4% compared with July reaching €2.06 billion, CSE has said in its monthly statistical issue.The total market...
13/09/2022
US-based equity fund Lone Star said it is considering options with regard “to the possibility of making a revised offer proposal to the Board of the Bank of Cyprus.”The Board of Bank of Cyprus,...
07/09/2022
Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic...
06/09/2022
The European Central Bank (ECB) chief Christine Lagarde will visit Cyprus in early-October for a second time this year since last March.Lagarde will be escorted by the ECB Governing Council for a non...
05/09/2022