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26° Nicosia,
21 May, 2018
 

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Displaying results 1-26 of 26 matches for query Banking.

1. 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...

2. 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...

3. 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...

4. 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...

5. 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....

6. 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...

7. 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...

8. 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. ...

9. 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...

10. 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...

11. 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...

12. 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...

13. 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...

14. 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...

15. 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....

16. 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 ...

17. Cooperative bank outflow appears to have stopped

http://knews.kathimerini.com.cy/en/news/cooperative-bank-outflow-appears-to-have-stopped

The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....

18. Cyprus Cooperative Bank gets €2.5 billion deposit

http://knews.kathimerini.com.cy/en/business/government-boosts-ccb-s-hand

The Cyprus government says it is depositing €2.5 billion at the Cooperative Bank of Cyprus, as part of a broader plan to eliminate uncertainty among depositors in the wake of a privatisation bid...

19. Cyprus and Turkey before the Grand Chamber

http://knews.kathimerini.com.cy/en/news/cyprus-and-turkey-before-the-grand-chamber

An unsolved murder case is going before the Grand Chamber of the European Court of Human Rights on Wednesday, with Cyprus and Turkey being accused of refusing to cooperate to solve the crime, despite both Greek Cypriots and Turkish Cypriots carrying out separate investigations. ...

20. Loans in banking system reach €51.1 billion

http://knews.kathimerini.com.cy/en/business/loans-in-banking-system-reach-€51-1-billion

Total deposits in February recorded a net decrease of €29.2 million...

21. Hedge funds show interest in Cyprus co-op

http://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op

Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...

22. Co-op Bank en route to healthy future

http://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future

Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....

23. Focus on responsible borrowers

http://knews.kathimerini.com.cy/en/news/finance-minister-wants-focus-on-responsible-borrowers

Finance Minister Harris Georgiades says responsible borrowers deserve help, but draws the line where strategic defaulters take advantage of loopholes and don't repay their loans...

24. Moody's sees robust economic recovery helping Cypriot banks

http://knews.kathimerini.com.cy/en/business/moody-s-sees-robust-economic-recovery-helping-cypriot-banks

It expects that banks will continue to make progress on restructuring troubled loans and selling real-estate collateral...

25. Seven Cypriots named in Forbes' Billionaire list

http://knews.kathimerini.com.cy/en/business/seven-cypriots-named-in-forbes-billionaire-list

Foreign businessmen are among the Cypriots listed on Forbes’ Billionaire list in 2018, with all seven of them totalling €17.6 billion in combined net worth despite none of them residing on the island. ...

26. Cysec to wrap up inquiries on the banking crisis

http://knews.kathimerini.com.cy/en/business/cysec-to-wrap-up-inquiries-on-the-banking-crisis

The three cases concerning the now-defunct Laiki Bank with regard the acquisition products by German Commerzabank, the reclassification of the Greek bonds held by Laiki, and the investment of Bank of Cyprus in Banca Transilvania...