The Central Bank of Cyprus (CBC) raised the level of capital buffer that Bank of Cyprus and Hellenic Bank need to maintain as a result of their systemic importance, on Tuesday.According to a press...
Cyprus’ current account deficit declined to €346.1 million in the second quarter of this year, compared with €1.04 billion in the corresponding period of last year, preliminary data released by the...
The Central Bank of Cyprus (CBC) decided to leave the countercyclical buffer (CCyB) rate unchanged at 1%, with effect as from 2 June 2024, according to a press release published on Friday.The CBC, in...
The cost of leaving inflation untamed, is much higher to households, businesses and the entire economy, Constantinos Herodotou, Governor of the Central Bank Cyprus (CBC), said on Friday, stressing...
Fiscal discipline, macroeconomic stability and continued structured reforms are necessary for the economy, said Deputy Minister to the President, Irene Piki, addressing on Wednesday the first Annual...
Net new loans decreased by €71.2 million in August 2023 compared to July 2023, according to the latest data from the Central Bank of Cyprus.As reported, in August 2023, net new loans decreased to €...
Deposit rates in Cyprus recorded a slight increase in August 2023 compared to July, according to the latest data released by the Central Bank of Cyprus (CBC) on Wednesday.As far as lending rates are...
European Central Bank (ECB) Vice-President Luis de Guindos commended Cyprus' remarkable economic improvement and the recent upgrade of Cyprus’ economy by two rating agencies, speaking after a meeting...
Moody’s Investors Service has upgraded Bank of Cyprus’ and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the continued resilience of the Cypriot economy and credit conditions,...
European Central Bank Vice - President, Luis de Guindos, is scheduled to visit Cyprus on Wednesday, at the invitation of the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou....