Cyprus’ Finance Ministry on Wednesday welcomed “with full satisfaction”, the passing by the parliament of laws which were part of “the comprehensive package” of measures presented by the Minister of...
Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as...
14/12/2023
The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has...
12/12/2023
In November 2023, a total of 33 uncovered cheques, amounting to €60,851, were issued, with 17 individuals (9 legal entities and 8 individuals) being listed in the preliminary registry of the Central...
11/12/2023
President of the Republic Nikos Christodoulides stressed on Friday that the approval by the plenary of the House of Representatives, of the bills that complete the package of measures to address the...
11/12/2023
Mortgage interest rates rose to 4.91% in October 2023, while at the same time, household fixed term deposits with one-year maturity fell to 1.58%, compared to the previous month, according to data...
05/12/2023
Household deposits recorded a decrease of €50.8 million, while corporate deposits saw a significant increase of €126.9 million in October. Loans to households increased by approximately €700,000,...
29/11/2023
President of the German Bundesbank Joachim Nagel pointed out the need for the Eurosystem's tight monetary policy to continue, in order to address underlying strong price pressures.Speaking during an...
29/11/2023
The government will launch on December 4th a new scheme titled “Mortgage-to-Rent”, its fourth scheme aiming to assist vulnerable non-performing borrowers to keep their primary residences, after Estia...
27/11/2023
The Cypriot bank’s ability to reduce operating costs while investing in digital transformation, will be key to offsetting inflationary pressure and still-high credit provisions, rating agency...
22/11/2023