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12° Nicosia,
04 April, 2020
 

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Displaying results 1-30 of 170 matches for query Banking.

1. 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...

2. 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....

3. 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....

4. 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...

5. 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...

6. 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...

7. 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...

8. 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. ...

9. 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....

10. 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....

11. 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....

12. 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...

13. Digital transformation of health services is indispensable

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

14. GCC achieves high Customer Satisfaction

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

15. 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...

16. CITR Cyprus calls for modern insolvency rules

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

17. 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" ...

18. 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...

19. 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....

20. «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....

21. 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....

22. 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...

23. Four New Partners at Harris Kyriakides LLC

https://knews.kathimerini.com.cy/en/business/four-new-partners-at-harris-kyriakides-llc

Harris Kyriakides LLC announces four new partners in the company. As of the 1st of September 2019 the new partners are Andreas Anagnostou, Myria Loizou, Georgia Karamalli and Nicolas Kyriakides. ...

24. More US energy companies to operate in Cyprus, US Ambassador says

https://knews.kathimerini.com.cy/en/news/more-us-energy-companies-to-operate-in-cyprus-us-ambassador-says

US Ambassador to Cyprus Judith Garber expressed on Wednesday evening her conviction that more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. She was addressing a business dinner of the American Chamber of Commerce in Cyprus, in Nicosia, in the presence of Foreign Minister Nikos Christodoulides...

25. Greece and the US: Commitments and credibility

https://knews.kathimerini.com.cy/en/comment/opinion/greece-and-the-us-commitments-and-credibility

The signals coming from the two centers of power in the United States, the president and Congress, are often conflicting, which makes it hard for Athens to carve out an effectual foreign policy. This conundrum is set to continue throughout the Trump administration...

26. Estia scheme kicks in for eligible borrowers

https://knews.kathimerini.com.cy/en/news/estia-scheme-kicks-in-for-eligible-borrowers

The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...

27. Finance minister pleased with Waters’ visit

https://knews.kathimerini.com.cy/en/news/finance-minister-pleased-with-waters-visit

Finance Minister Harris Georgiades says a visit by a US delegation affirms that Cyprus is on the right track in combating money laundering, following a statement by California Congresswoman Maxine Waters who said “Cyprus is up to the challenge....

28. Scope rates Cyprus with BBB-

https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

29. Moody’s expects deleveraging to resume but warns over small economy and high level of debt

https://knews.kathimerini.com.cy/en/business/moody-s-expects-deleveraging-to-resume-but-warns-over-small-economy-and-high-level-of-debt

The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report. ...

30. EY: The sale of the three subsidiaries of Cyprus Popular Bank has been completed

https://knews.kathimerini.com.cy/en/business/ey-the-sale-of-the-three-subsidiaries-of-cyprus-popular-bank-has-been-completed
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