The Association of Cyprus Banks has announced that banks decided to suspend foreclosures for a period of three months amid the disruption created by the coronavirus pandemic.The suspension will be in...
The Council of Ministers approved on Wednesday a number of bills as part of the €700 million economic package to offset the effects of the coronavirus epidemic to businesses and households in Cyprus....
19/03/2020
The Central Bank of Cyprus decided to relax loan origination rules while it freed an additional capital amounting to €100 million, bringing the total capital buffer to €1.4 billion, in a bid to...
19/03/2020
The evacuation of hotels from customers in accordance to a government decree ordering that all hotels suspend their services by 21st March, in the framework of measures to deal with the coronavirus...
18/03/2020
Constantinos Herodotou, Governor of the Central Bank of Cyprus, pointed out the need for the banks to transmit the capital relief measures decided by the ECB to the real economy which is feeling the...
18/03/2020
A total of 13 new confirmed cases of coronavirus were announced on Monday by the Ministry of Health, bringing the total to 46. Twenty-five are case contacts.According to the Ministry, the Cyprus...
17/03/2020
Bank of Cyprus announced that its scheduled non-performing loans sale, called Helix 2, may take longer than anticipated due to the market disruption caused by the coronavirus (COVID-19) pandemic,...
17/03/2020
The Central Bank of Cyprus (CBC), announced Monday that it expects banks to show flexibility in order to support both businesses and households that are expected to be adversely affected by the...
17/03/2020
Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC), will hold a teleconference with the chiefs of the Cypriot commercial banks to discuss how the capital buffer created by the...
16/03/2020
The net financial impact of the support package approved by the Council of Ministers on Sunday will cost €450m, while another € 250m will be aimed at boosting business liquidity over the next two...
16/03/2020