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12° Nicosia,
03 December, 2024
 

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Displaying results 1-30 of 572 matches for query Banking.

1. Eurobank’s €1.2 billion investment in Cyprus signals confidence

https://knews.kathimerini.com.cy/en/business/eurobank-s-€1-2-billion-investment-in-cyprus-signals-confidence

According to Kathimerini's Panayiotis Rougalas, Eurobank has made significant strides in its investment in the Cypriot banking sector, particularly with its ongoing acquisition of Hellenic Bank....

2. Eurobank acquires full control of Hellenic Bank

https://knews.kathimerini.com.cy/en/business/eurobank-acquires-full-control-of-hellenic-bank

Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....

3. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

https://knews.kathimerini.com.cy/en/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

4. Pronomia scheme: Travel benefits for 125 lucky contestants

https://knews.kathimerini.com.cy/en/news/pronomia-scheme-travel-benefits-for-125-lucky-contestants

The countdown to Christmas has begun, and Bank of Cyprus is getting its customers in the festive mood, in a special way. The ‘pronomia’ loyalty scheme will give 125 lucky winners the chance to travel and enjoy new, unique experiences....

5. Italian village offers €1 homes to Americans following U.S. elections

https://knews.kathimerini.com.cy/en/news/italian-village-offers-€1-homes-to-americans-following-u-s-elections

The small village of Ollolai in Sardinia is making a bold appeal to Americans, who, as non-European Union citizens, are being given preferential treatment in its latest campaign to attract new residents....

6. Cyprus reunification 'off the table', says former U.S. Ambassador, warns Europe not to rely on U.S.

https://knews.kathimerini.com.cy/en/news/cyprus-reunification-off-the-table-says-former-u-s-ambassador-warns-europe-not-to-rely-on-u-s

A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines. ...

7. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

https://knews.kathimerini.com.cy/en/news/dbrs-morningstar-cyprus-shows-strong-recovery-in-tackling-bad-loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

8. Bank workers union sets sights on big move in Bank of Cyprus

https://knews.kathimerini.com.cy/en/business/bank-workers-union-sets-sights-on-big-move-in-bank-of-cyprus

Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....

9. BOC finalizes sale of troubled loans to boost stability and growth

https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

10. Larnaca and Paphos airports to handle 17.5 million passengers annually

https://knews.kathimerini.com.cy/en/news/larnaca-and-paphos-airports-to-handle-17-5-million-passengers-annually

The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward......

11. Online Scams: Technology is evolving, let's stay one step ahead

https://knews.kathimerini.com.cy/en/news/online-scams-technology-is-evolving-let-s-stay-one-step-ahead

The Bank of Cyprus urges its customers and the public, in general, to be extra vigilant as fraudsters increasingly use advanced technology and AI to create highly convincing fraud scams with the ultimate purpose of deceiving the public....

12. Cyprus watches closely as U.S. election stays too close to call

https://knews.kathimerini.com.cy/en/news/cyprus-watches-closely-as-u-s-election-stays-too-close-to-call

Cyprus has been on edge overnight, closely watching the unfolding U.S. presidential election. As vote counts continue in critical states, the race remains too close to call....

13. BoC Fintech Hackathon 5.0: Fintech Ideas that can change the world!

https://knews.kathimerini.com.cy/en/business/boc-fintech-hackathon-5-0-fintech-ideas-that-can-change-the-world

The number of registrations exceeded all expectations since more than 200 people and more than 25 teams participated....

14. Cyprus government revisits foreign investment control amid hospital takeovers

https://knews.kathimerini.com.cy/en/business/cyprus-government-revisits-foreign-investment-control-amid-hospital-takeovers

The foreign investment control (FDI) bill, often referred to as the ''Lonestar'' bill, has resurfaced in Cyprus, prompting fresh discussions about foreign ownership of critical sectors, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini. ...

15. Banks see boost from ECB rate cuts

https://knews.kathimerini.com.cy/en/news/banks-see-boost-from-ecb-rate-cuts

The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......

16. New EU rules open Cyprus's troubled loan market to foreign investors

https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

17. Cyprus achieves first A-level credit rating in major milestone

https://knews.kathimerini.com.cy/en/business/cyprus-achieves-first-a-level-credit-rating-in-major-milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

18. Church and nightclub owners under investigation for embezzlement and money laundering

https://knews.kathimerini.com.cy/en/news/church-and-nightclub-owners-under-investigation-for-embezzlement-and-money-laundering

A significant investigation has been launched into allegations of embezzlement and money laundering involving two high-ranking officials from the Catholic Church of Greece and five nightclub owners in the Peloponnese region. ...

19. CBC urges banks to show social responsibility despite sector’s strength

https://knews.kathimerini.com.cy/en/news/cbc-urges-banks-to-show-social-responsibility-despite-sector-s-strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

20. Bank of Cyprus shareholders moving at different speeds

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

21. Cypriot banks sending loans abroad: A growing risk?

https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

22. Fake $100 banknotes flood Cyprus

https://knews.kathimerini.com.cy/en/news/fake-$100-banknotes-flood-cyprus

The Central Bank of Cyprus called on Monday for caution over the circulation of counterfeit US$ 100 banknotes in the market. ...

23. Effort to create new cooperative bank in Cyprus begins with IPO search

https://knews.kathimerini.com.cy/en/news/effort-to-create-new-cooperative-bank-in-cyprus-begins-with-ipo-search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

24. Behind the numbers: Are Cyprus's non-performing loans just a makeup job?

https://knews.kathimerini.com.cy/en/comment/opinion/behind-the-numbers-are-cyprus-s-non-performing-loans-just-a-makeup-job

Are there good makeup artists in Cyprus? Sometimes I wonder, but since I’m out of the fashion scene, I can’t say for sure. However, when I think back to the banking events of the last 15 years, then yes—at least in the banks, they exist....

25. Bank profits in crosshairs as tax talks heat up

https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

26. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

https://knews.kathimerini.com.cy/en/business/freedom-holding-corp-marks-5th-anniversary-of-nasdaq-ipo-with-significant-growth-milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...

27. Three economists win Nobel for studying why nations fail

https://knews.kathimerini.com.cy/en/news/three-economists-win-nobel-for-studying-why-nations-fail

Economists Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the 2024 Nobel Prize in Economics for their research on how institutions shape societies' welfare. Announced by the Royal Swedish Academy of Sciences, the trio will share the 11 million kroner ($1.1 million) prize....

28. New app teaches teens money management

https://knews.kathimerini.com.cy/en/news/new-app-teaches-teens-money-management

As technology continues to evolve, digital currency is becoming an increasingly integral part of modern life, making daily transactions easier, faster, and more accessible....

29. Cypriot economy shows resilience, growth outpaces EU average

https://knews.kathimerini.com.cy/en/news/cypriot-economy-shows-resilience-growth-outpaces-eu-average

The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, has called on banks to consider the social dimension of their pricing policies......

30. Prognosys Solutions celebrates 20 Years of innovation and leadership in regulatory compliance

https://knews.kathimerini.com.cy/en/business/prognosys-solutions-celebrates-20-years-of-innovation-and-leadership-in-regulatory-compliance

Prognosys Solutions, the leading provider of regulatory reporting solutions for the banking and financial industries in Cyprus, celebrated its 20th......

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