The total repayment of state aid by the Cyprus Asset Management Company Ltd (KEDIPES) since its operations began in 2018 reached €1.47 billion by 2024, following a payment of €310 million this year,...
President of the Republic Nikos Christodoulides said on Wednesday that banks will make announcements before the end of the week on charges and interest rates, focusing on specific categories of the...
18/12/2024
The Central Bank of Cyprus (CBC) released detailed data on Monday regarding interest rates at Monetary Financial Institutions across Cyprus for October 2024, revealing notable trends in mortgage...
16/12/2024
The progress of the Cypriot economy, the banking system and the Government's recommendations to the banks, particularly with regard to interest rates, charges and consistent loan borrowers, were...
16/12/2024
Capital Intelligence Ratings upgraded on 13 December Hellenic Bank's Long-Term Foreign Currency Rating (LT FCR) to 'BBB-' (from 'BB') and its Short-Term Foreign Currency Rating (ST FCR) to 'A3' (from...
16/12/2024
Net new loans in Cyprus rose in October, driven by increased lending to businesses for amounts exceeding €1 million, according to data released on Wednesday by the Central Bank of Cyprus (CBC). Loans...
05/12/2024
A new Eurobarometer survey shows that 61% of citizens are in favour of abolishing 1 and 2euro cent coins, reflecting a high and stable level of support with absolute majorities in all but three euro...
03/12/2024
The small size of the Cypriot economy and the surplus liquidity of the banking sector contribute to the adjustment of interest rates at a slower pace than in larger Eurozone economies, Central Bank...
03/12/2024
Total loans showed a net decrease of €213 million in October 2024, compared to September of the same year, while deposits recorded a net increase of €377.6 million, mainly due to the increase in...
28/11/2024
Moody's Ratings has upgraded the rating of covered bonds issued by Bank of Cyprus Public Company Limited to Aaa from Aa2, the bank said in a statement on Thursday.As noted, this is an important...
28/11/2024