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12° Nicosia,
25 September, 2020
 

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Displaying results 1-30 of 178 matches for query Banking.

1. Banks must prepare for a new cycle of NPLs due to Covid-19

https://knews.kathimerini.com.cy/en/news/banks-must-prepare-for-a-new-cycle-of-npls-due-to-covid-19

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....

2. KPMG Property Lending Barometer 2020

https://knews.kathimerini.com.cy/en/business/kpmg-property-lending-barometer-2020

3. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

https://knews.kathimerini.com.cy/en/news/moody-s-payment-holidays-shield-cyprus-banks-in-2020-but-deterioration-likely-in-2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

4. Market sentiment looking up, FinMin says

https://knews.kathimerini.com.cy/en/news/market-sentiment-looking-up-finmin-says

Market sentiment is looking up, Finance Minister Constantinos Petrides said Tuesday after a broad meeting at the Presidential Palace between President Nicos Anastasiades and representatives of financial institutions....

5. FinMin delves into details of 'new, more targeted measures'

https://knews.kathimerini.com.cy/en/news/finmin-delves-into-details-of-new-more-targeted-measures

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

6. Michael Kyprianou & Co LLC recognised internationally as a Leading Cyprus Law Firm

https://knews.kathimerini.com.cy/en/business/michael-kyprianou-co-llc-recognised-internationally-as-a-leading-cyprus-law-firm

Michael Kyprianou & Co LLC had the honour of been recommended for all its areas of practice. At the same time it has received top tier recognition in the fields of Dispute Resolution, Employment Law and Real Estate & Construction Law....

7. Coronavirus derails southern Europe's clean-up from the last crisis

https://knews.kathimerini.com.cy/en/news/coronavirus-derails-southern-europe-s-clean-up-from-the-last-crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

8. Over 23,000 applications filed for suspension of loan payments

https://knews.kathimerini.com.cy/en/news/over-23-000-applications-filed-for-suspension-of-loan-payments

More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....

9. Coronavirus’ impact on local businesses

https://knews.kathimerini.com.cy/en/business/coronavirus-impact-on-local-businesses

The organisation’s experts discuss the developments and analyse the measures that need to be taken to address the challenges...

10. Loan payments to be suspended for nine months

https://knews.kathimerini.com.cy/en/news/loan-payments-to-be-suspended-for-nine-months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

11. Government considering to give banks €2b in state guarantees to unlock credit

https://knews.kathimerini.com.cy/en/news/government-considering-to-give-banks-€2b-in-state-guarantees-to-unlock-credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

12. Greece shuts down to beat pandemic

https://knews.kathimerini.com.cy/en/news/greece-shuts-down-to-beat-pandemic

In a televised address to the nation on Sunday evening, Prime Minister Kyriakos Mitsotakis announced a full lockdown, starting from 6 a.m on Monday, aimed at curbing the further spread of the coronavirus...

13. Financial measures tackle coronavirus in Cyprus

https://knews.kathimerini.com.cy/en/business/financial-measures-tackle-coronavirus-in-cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

14. Mixed reviews on anti-money laundering

https://knews.kathimerini.com.cy/en/news/mixed-reviews-for-cyprus-anti-money-laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

15. Bank of Cyprus 'Best Bank for Private Banking'

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-best-bank-for-private-banking

Bank of Cyprus has been named as the “Best Bank for Private Banking” in Cyprus by the internationally reputable magazine “Euromoney”, for the 5th consecutive year...

16. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

https://knews.kathimerini.com.cy/en/business/new-life-in-cyprus-of-russian-businessman-after-unfair-seizure-of-promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

17. Cyprus Econ Council begins work on future sustainable growth blueprint

https://knews.kathimerini.com.cy/en/news/cyprus-econ-council-begins-work-on-future-sustainable-growth-blueprint

The Cyprus Economy and Competitiveness Council (CECC) has announced the start of a project aiming to draft a blueprint on Cyprus’ future long term sustainable economic growth....

18. Cyprus enjoys strong growth prospects but contingent liabilities remain

https://knews.kathimerini.com.cy/en/business/cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

19. Banks must find new profitable products, CBC Governor says

https://knews.kathimerini.com.cy/en/news/banks-must-find-new-profitable-products-cbc-governor-says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

20. How Russian uncapitalism works

https://knews.kathimerini.com.cy/en/business/how-russian-uncapitalism-works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

21. Digital transformation of health services is indispensable

https://knews.kathimerini.com.cy/en/business/digital-transformation-of-health-services-is-indispensable

22. GCC achieves high Customer Satisfaction

https://knews.kathimerini.com.cy/en/business/gcc-achieves-high-customer-satisfaction

23. Terrorism suspect jailed in the north

https://knews.kathimerini.com.cy/en/news/terrorism-suspect-jailed-in-the-north

A suspected terrorist arrested in the north earlier this week was ordered to remain in custody on Friday, as Turkish Cypriot authorities continue to investigate possible links with ISIS...

24. CITR Cyprus calls for modern insolvency rules

https://knews.kathimerini.com.cy/en/business/citr-cyprus-calls-for-modern-insolvency-rules

25. President lauds outgoing finance minister

https://knews.kathimerini.com.cy/en/news/president-lauds-outgoing-finance-minister

President Nicos Anastasiades thanked outgoing Finance Minister Harris Georgiades for the work he has done in steering the economy “out of deep crisis towards growth" ...

26. Central warns banks ‘not to overdo it’

https://knews.kathimerini.com.cy/en/news/central-warns-banks-‘not-to-overdo-it

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...

27. Interior Minister says all have a duty to preserve Cyprus’ hard-fought reputation

https://knews.kathimerini.com.cy/en/news/interior-minister-says-all-have-a-duty-to-preserve-cyprus-hard-fought-reputation

We all have a duty to preserve Cyprus’ good name, Interior Minister Constantinos Petrides said on Thursday, adding that it took a lot of effort to reinstate the country’s fame under adverse circumstances....

28. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

https://knews.kathimerini.com.cy/en/business/growth-momentum-moderates-in-cyprus-according-to-european-commission-autumn-economic-forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

29. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

30. Moody's changes Cyprus outlook to positive

https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

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