The outstanding amount of total deposits reached €51,9 billion in January 2024, while the outstanding amount of total loans was €24,7 billion, according to the Central Bank of Cyprus which released...
Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance)...
26/02/2024
Hellenic Bank, Cyprus' second largest lender announced profit after tax amounting to €365.4 million in its highest-ever profitability mainly driven by high interest rates and its ample liquidity held...
23/02/2024
The European Commission's DG Competition has approved an interest subsidy scheme for housing loans concluded between January 1, 2022 until December 31, 2023 and concern the purchase or construction...
20/02/2024
Bank of Cyprus, the island’s largest lender, announced net profits of €487 million for full year 2023, edging closer to pre-financial crisis levels, driven by the high interest rates environment.«The...
19/02/2024
The visit to Cyprus of Governor of the Bank of Spain Pablo Hernández de Cos underscores the shared commitment to enhance collaboration between the two central banks, a press release by the Central...
08/02/2024
The European citizens should know that that the European Central Bank’s next move will be a rate cut, Governor of the Bank of Spain and ECB Governing Council member Pablo Hernandez de Cos said on...
06/02/2024
After having received the approval of the Commission for the Protection of Competition, regarding the concentration arising in Cyprus' banking sector, from the increase of Eurobank’s stake in...
05/02/2024
The Governor of the Bank of Spain, Pablo Hernández de Cos, will be in Cyprus on Monday and Tuesday at the invitation of the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou....
05/02/2024
New borrowing remained unchanged in Cypriot banks in 2023, despite the high-interest rate environment that has propelled loan restructurings to historically high levels.According to data released by...
05/02/2024