A further decrease of €175 million or 1.8% was recorded in aggregate NPFs at the end of September 2019, compared to the end of June 2019, and, as a result, a fall in the ratio of NPFs to total...
Cyprus’ Central Bank Governor Constantinos Herodotou pointed out on Friday that profitability and the need to find new banking products besides lending, was a big challenge for a small country’s...
17/02/2020
The Ministry of Finance welcomes the publication of the Mutual Evaluation Report of Cyprus by the Moneyval Committee of the Council of Europe.According to a written statement of Finance Minister...
12/02/2020
Cyprus Finance Ministry is preparing response measures in case the Court of Appeals upholds a ruling by the Administrative Court that the wage and pensions cuts in the public sector during the 2013...
10/02/2020
Customers of CACs, as consumers, have the right to complain against a CAC in case they are not satisfied with the products or services provided, according to Central Bank.It is advised that consumers...
07/02/2020
Central Bank of Cyprus (CBC) Governor Constantinos Herodotou called on the Cypriot banks to step up their efforts to further reduce non-performing loans (NPLs) as the current conducive environment...
06/02/2020
Pure new lending to corporations and households amounted to €3.19 billion in 2019 marking a slight annual increase attributed to large corporate credit over €1 million. According to data released on...
05/02/2020
In 2018, Cyprus became the country with the highest stock of non-performing loans (assets) of general government, with 32.4% of GDP, far ahead of the other EU Member States, according to data...
30/01/2020
Moody`s has described as a credit positive the fact that Cyprus` Central Bank Governor expects that two largest banks on the island to sell a significant portion of problem loans.Moody`s says that on...
During the first week of January 2020, the B2Holding Group signed an agreement with Bank of Cyprus Public Company Ltd for the acquisition of an unsecured non-performing loan portfolio. The portfolio...
23/01/2020