Eurobank's new stake in Hellenic Bank will reach 93.47%, following the completion of the agreement to acquire the shares of Hellenic Bank from Demetra Holdings Plc and Logicom Services Limited.In a...
Non-performing loans held by Credit Acquisition Companies in Cyprus amount to €19.66 billion, according to data published by the Central Bank of Cyprus on Friday for the first time, and relate to...
22/11/2024
The outlook for the euro area remains highly uncertain, shaped by tighter financing conditions, heightened geopolitical tensions, and significant rising risks, such as climate and cyber risks, ...
22/11/2024
Morningstar DBRS Ratings has issued a commentary analysing the performance of Spanish, Portuguese, and Cypriot nonperforming loan (NPL) transactions, noting that despite the challenges, the Cypriot...
15/11/2024
The steady downward trend of Non Performing Loans (NPLs) in the Cypriot banking system continued in August, showing a further decrease of €15 million to €1.63 billion (from €1.65 billion in July),...
13/11/2024
Cypriot banks’ lending rates for the purchase of housing by remained at relatively high levels in September.According to the data released by the Central Bank of Cyprus on lending rates in September...
12/11/2024
Bank of Cyprus posted a robust profit after tax of €401 million for the first nine months of 2024 of which €131 million in the third quarter, marking a 15% increase year-on-year. The profit equates...
12/11/2024
Hellenic Bank, Cyprus' second largest lender, posted a net profit of €284 million in the nine months ending at end-September 2024, marking an annual increase of 28%, while boosting its capital ratios...
07/11/2024
The Bank of Cyprus proposes good banking practices, in order for its customers and the public in general to avoid fraudsters, who increasingly use advanced technology and AI to create highly...
06/11/2024
The value of bounced cheques issued in Cyprus in the period of January to October dropped by 65%, according to data issued by the Central Bank of Cyprus.According to the CBC, the total value of...
06/11/2024