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31° Nicosia,
16 July, 2018
 

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Displaying results 1-30 of 40 matches for query Banking.

1. President thanks parliamentary caucus for Sunday votes

http://knews.kathimerini.com.cy/en/news/president-thanks-parliamentary-caucus-for-sunday-votes

President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...

2. House approves state guarantees in co-op deal

http://knews.kathimerini.com.cy/en/news/house-approves-state-guarantees-in-co-op-deal

The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...

3. House shifts into gear with Sunday bad loans session

http://knews.kathimerini.com.cy/en/news/house-shifts-into-gear-with-sunday-bad-loans-session

It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...

4. Cabinet okays homeowner plan ahead of crucial House session

http://knews.kathimerini.com.cy/en/news/cabinet-okays-homeowner-plan-ahead-of-crucial-house-session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...

5. House prepares to define good and bad borrowers

http://knews.kathimerini.com.cy/en/news/house-prepares-to-define-good-and-bad-borrowers

The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...

6. AG names investigators to comb though co-op

http://knews.kathimerini.com.cy/en/news/ag-names-investigators-to-comb-though-entire-co-op

A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...

7. Cyprus co-op bank freezes accounts with bad loans

http://knews.kathimerini.com.cy/en/business/cyprus-co-op-bank-freezes-accounts-with-bad-loans

The Cyprus Cooperative Bank on Friday froze accounts of customers who keep their loans delinquent on purpose, as the bank makes an effort to force them to seek refinance terms...

8. ESM warns Cypriot banks of quick fixes

http://knews.kathimerini.com.cy/en/business/esm-warns-cypriot-banks-of-quick-fixes

The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...

9. Probe countdown begins for Cyprus Co-Op debacle

http://knews.kathimerini.com.cy/en/news/probe-countdown-begins-for-cyprus-co-op-debacle

Attorney General Costas Clerides is moving forward with the launching of an investigation into possible offences at the Cyprus Cooperative Bank, in connection with bad loans worth €7.5 billion...

10. Co-op bankers plead not guilty in loans scandal

http://knews.kathimerini.com.cy/en/news/co-op-bankers-plead-not-guilty-in-unsecured-loans-scandal

Senior co-op executives pleaded not guilty to fraud charges in connection with a banking scandal where loans worth millions were given out without due process...

11. #PoliticsBlog End of an era and Harris’ bitter chalice

http://knews.kathimerini.com.cy/en/comment/politicsblog-end-of-an-era-and-harris-bitter-chalice

Journalists often abuse the term 'end of an era' but in the case of the Cyprus Cooperative Bank, these words totally fit the bill...

12. Government throws Co-Op ball in Hellenic’s court

http://knews.kathimerini.com.cy/en/news/government-throws-co-op-ball-in-hellenic-s-court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

13. Turkish aid to north comes to 430 million

http://knews.kathimerini.com.cy/en/business/turkish-aid-to-north-comes-to-430-million

The Turkish Cypriot economy is expected to get a boost from Turkish aid in 2018, with approximately €430 million being spent in different areas of the self-declared state in the north...

14. Cyprus forecasts high GDP growth of 3% plus until 2021

http://knews.kathimerini.com.cy/en/business/cyprus-forecasts-high-gdp-growth-of-3-plus-until-2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

15. UK financial sector wants global talent on tap after Brexit

http://knews.kathimerini.com.cy/en/business/uk-financial-sector-wants-global-talent-on-tap-after-brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...

16. Cyprus wants to be a film industry contender

http://knews.kathimerini.com.cy/en/news/cyprus-wants-to-be-a-film-industry-contender

The Cyprus government wants to cut red tape that keeps film producers at bay, with a new bill in parliament aimed at attracting foreign companies that could choose the island for the next blockbuster...

17. Cyprus GDP growth is creating more jobs

http://knews.kathimerini.com.cy/en/business/cyprus-gdp-grows-by-0-8-in-the-first-three-months

Bailed out eurozone member Cyprus notched up its 13th consecutive quarter in positive growth with GDP rising 0.8 percent in the first quarter, an official estimate showed...

18. Non-performing loans in banking system spike by €1.5 billion

http://knews.kathimerini.com.cy/en/business/non-performing-loans-spike-by-€1-5-billion

Non-performing exposures (NPEs) in the Cyprus banking system jumped up by €1.5 billion in January, as International Financial Reporting Standard 9 entered in to force...

19. US Treasury Assistant Secretary encouraged by meetings in Cyprus

http://knews.kathimerini.com.cy/en/news/us-treasury-assistant-secretary-encouraged-by-meetings-in-cyprus

The United States have been encouraged by the commitments made by Cypriot officials in the framework of meetings US Department of the Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea held on Friday and will continue to work with Cyprus to combat corruption, money laundering, and other financial threats....

20. EU predicts strong growth as unemployment declines

http://knews.kathimerini.com.cy/en/business/eu-sees-strong-growth-as-unemployment-declines

The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...

21. Don’t get caught up in the East Med energy hype

http://knews.kathimerini.com.cy/en/comment/opinion/don-t-get-caught-up-in-the-east-med-energy-hype

It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need...

22. Hellenic Bank in a time crunch to bid on Co-op

http://knews.kathimerini.com.cy/en/business/hellenic-bank-in-a-time-crunch-to-bid-on-ccb

The deadline in the privatisation process for the Cyprus Cooperative Bank (CCB) has been postponed until mid-May, setting in motion the executive board at the Hellenic Bank to intensify discussions on making a bid. ...

23. Russian oligarchs could be Cyprus' Achilles heel

http://knews.kathimerini.com.cy/en/news/former-central-banker-says-oligarchs-are-banks-achilles-heel

Former central banker Panicos Demetriades says Cyprus is serving Russian oligarchs at the expense of its credibility abroad while doubting the success story in a tell-all interview with Kathimerini...

24. Cyprus recovery is being recognised by international agencies

http://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

25. Passenger killed when engine explodes on Southwest Airlines US flight

http://knews.kathimerini.com.cy/en/news/passenger-killed-when-engine-explodes-on-southwest-airlines-us-flight

The death of 43-year-old Jennifer Riordan on Flight 1380 was the first in a US commercial aviation accident since 2009...

26. FinMin: Revenue from NPLs management will repay cost of support to Co-op

http://knews.kathimerini.com.cy/en/business/finmin-revenue-from-npls-management-will-repay-cost-of-support-to-co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

27. Greek banks seen passing ECB's stress tests

http://knews.kathimerini.com.cy/en/business/greek-banks-seen-passing-ecb-s-stress-tests

Fragiadakis also said the bank was looking to approach two Chinese investors for the sale of a majority stake in its insurance unit National Insurance...

28. Banks in Cyprus, Greece and Portugal may need further reserve build-up

http://knews.kathimerini.com.cy/en/business/banks-in-cyprus-greece-and-portugal-may-need-further-reserve-build-up

Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...

29. Georgiades makes a “good case” for Co-op sell-off

http://knews.kathimerini.com.cy/en/business/georgiades-makes-the-good-case-for-ccb

Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....

30. Privatisation of Co-op may lead to the creation of a 'bad bank'

http://knews.kathimerini.com.cy/en/business/privatisation-of-co-op-may-lead-to-the-creation-of-a-bad-bank

A process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company also known as a bad bank ...