#banks
Economy
Consumer loan rates rise, mortgage rates drop in March
An increase in consumer loan rates and a decrease in mortgage rates were recorded in March, while deposit rates...
Economy
Lack of ATMs a nuisance for elderly, remote areas residents
Many residents in mountainous or remote communities in Cyprus are travelling from one village to another in search of...
Economy
€120 million to the state from bank profits
The positive impact of rising interest rates on banks' balance sheets has caused a surge in interest income and...
Local
Central banks’ art collections go digital
Most central banks collect paintings, sculptures and other works of art, some building impressive collections over the centuries.
While these...
Economy
Private credit ties to banks deepen in Europe as default risk rises
Europe's private credit funds are increasingly borrowing from banks to boost their performance, fuelling concerns about the wider risks...
Economy
Bank of Cyprus: Borrowing levels stable in 2023
According to the Bank of Cyprus, the loans of the group amounted to €10.07 billion on December 31, 2023,...
Economy
FinMin advocates timely Euro area policy response amid inflation concerns
The monetary policy of the Euro area should be appropriately responsive, taking into consideration the progression of inflation rates,...
Local
Moldovan politician wanted for ‘fraud of the century’ reportedly hiding in Cyprus
Vladimir Plahotniuc, a Moldovan oligarch and politician, who is now on the run from the country's authorities, is believed...
Business
Eurobank’s acquisition of Hellenic Bank gets Competition Commission’s nod
The Commission for the Protection of Competition (CPC) has approved Eurobank's bid to acquire the share capital of Hellenic...
Economy
Rate reductions possible in 2024, CBC Governor says
Central Bank Governor Constantinos Herodotou forecasted a potential easing of the European Central Bank's (ECB) interest rates within 2024,...
Economy
Bank of Cyprus changes terms and conditions
The Bank of Cyprus is revising the terms and conditions of card and prepaid card usage, effective March 31,...
Economy
Bank deposits see increase
In December, total deposits in the banking system showed a net monthly increase of €346 million, reaching €52.2 billion.
At...
Economy
Global watchdog to report in October on how social media fuels bank runs
Global financial regulators will present the G20 in October their findings from a "deep dive" on how social media...
