Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou said Thursday that a reduction in interest rates should be expected within 2024, barring unforeseen developments. He also...
Non-performing loans remained steady at 8.3% in November, dropping just below €2 billion for the first time, according to data published by the Central Bank of Cyprus on Thursday.From a total of €24....
The interest rate on deposits from households with an agreed maturity of up to one year recorded an increase to 2.29% in December 2023, while the interest rate on consumer credit decreased to 5.88%,...
Private debt in Cyprus, debt of households and non-financial corporations, amounted to 206% of Cyprus’ GDP in the third quarter of 2023, remaining broadly stable, according to the quarterly financial...
In Cyprus, during 2023, 642 pieces of counterfeit euro banknotes of various denominations were withdrawn from circulation, the Central Bank of Cyprus (CBC) announced on Tuesday.According to CBC’s...
Total deposits in the Cypriot banking system recorded a net growth of €346 million in December, compared with the previous month, with the outstanding amount reaching €52.2 billion.According to data...
Demand for loans in Cyprus continued its downward trajectory in the third quarter of 2023 affected by the ECB’s restrictive monetary policy and recurring interest rate hikes.Furthermore, according to...
In 2023, 356 bad cheques, of a value of €1,767,912 were issued and 231 persons (136 legal και 95 natural) were included in the preliminary Central Information Register (CIR) list of the Central Bank...
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...