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...
Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023.According to a Hellenic Group press release, this profit was mainly driven by the higher interest income...
21/11/2023
As a result of its targeted supervisory actions, from the end of 2018 until now, credit institutions terminated relationships with 42,728 shell companies and closed 125,782 bank accounts, the Central...
17/11/2023
An online platform through which depositors who suffered a 'haircut' in 2013 will be able to fill in an application form will be ready by the end of this year, Government Spokesman, Konstantinos...
15/11/2023
Cyprus’ largest banking and financial services group, Bank of Cyprus Group reported a profit after tax of €349 million for the nine months ending 30th September 2023, a substantial improvement...
13/11/2023
The solvency ratio of the Cypriot banking sector increased to 23.3% In the second quarter of 2023, according to data released by the Central Bank of Cyprus (CBC). This marks a rise from the 21.7%...
09/11/2023
The Law Office of the Republic said in a press release it will appeal a Limassol District Court decision to compensate a foreign depositor of the defunct Laiki Bank over the haircut imposed on...
09/11/2023
A total of 36 bad cheques, worth €566,732, were issued in October 2023, with 21 persons (14 legal entities and 7 natural persons) being registered in the preliminary list of the Central Information...
08/11/2023
Cypriot banking sector is in the best position it has been over the last decade, experts said at the 19th Annual Economist Summit, on the session regarding the response of the banking sector in an...
08/11/2023
Non-performing loans in Cyprus' banking system in August declined by €16 million to €2.089 billion from €2.105 billion in the previous month, data released by the Central Bank of Cyprus (CBC) show....
06/11/2023