AstroBank announced Wednesday a net profit of €3.3 million in 2021, and €18 million before provisions, against a net loss of €18.1 million in 2020. The bank attributes its profitability to the new...
Lebanese banks’ branches operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the...
24/05/2022
Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021.At the same time, it announced...
20/05/2022
Bounced cheques worth €438,000 were presented to Cyprus banks in April, according to data announced by the CBC on Wednesday. This is the largest monthly value of bad cheques presented at least since...
11/05/2022
The ratings of Cyprus’s two largest banks remain on Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings says. The agency expects Hellenic Bank (HB...
Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans held by banks and...
06/05/2022
Governor of the Central Bank of Cyprus Constantinos Herodotou said Thursday that the banking sector of Cyprus faces the effects of the Russian invasion in Ukraine from a financially sound position,...
06/05/2022
A decrease in interest rates on deposits and consumer loans and a marginal increase in the interest rate on mortgages can be seen in the data published on Thursday by the Central Bank of Cyprus for...
05/05/2022
The non-performing loans rate in the Cyprus banking sector is at 11.7% of total loans in the end of January 2022 compared with 11.1% in the end of 2021, data released by the Central Bank of Cyprus (...
05/05/2022
A loss of €11.7 million, mainly related to the forecasts of the Starlight project, was presented for 2021 by Hellenic Bank, which, however, made significant progress in reducing the risks to its...
21/04/2022