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....
Net Interest Income of the Cypriot banking system doubled in the first half of 2023, marking an annual increase of 100% driven by the continuing rate hikes by the European Central Bank in its bid to...
Non-performing loans in the Cyprus banking system in June declined by €83 million to €2.11 billion from 2.19 billion in the previous month, data released by the Central Bank of Cyprus (CBC) show....
The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of...
Total loans in August recorded a net increase of €8.5 million, following a significant decrease of €100 million the previous month. Meanwhile, for a second consecutive month, deposits saw a net...
The large gap between lending-deposit interest rates, the large concentration of the banking sector in Cyprus, non performing loans (NPLs) and the need for a green and digital transition were among...
The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place...
The Central Bank of Cyprus revised its projections for growth in 2023 and 2024 on Monday, estimating that GDP growth will amount to 2.4% and 2.7% respectively, compared with 2.6% and 2.8% in its June...
The Cyprus banking sector has enhanced its strength and resilience through 2023, despite the turmoil of the recent economic and geopolitical events, Governor of the Central Bank of Cyprus,...