https://knews.kathimerini.com.cy/en/news/big-bank-profits-bigger-plans-for-shareholder-payouts
Banks operating in Cyprus and Greece reported nine-month results that lay solid foundations for a strong 2027. Profits topped €1 billion in some cases, helped substantially by net interest income as interest rates moved in the banks’ favor....
https://knews.kathimerini.com.cy/en/business/freedom-s-european-brokerage-business-wins-two-finance-magnates-awards-2026
Freedom, the European brokerage business of Freedom Holding Corp., has won two categories at the Finance Magnates Awards 2026: Best Brokerage Services Provider 2026 and Best Multi-Asset Investment Provider 2026.
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https://knews.kathimerini.com.cy/en/news/two-contenders-for-lagarde-s-job-as-europe-weighs-who-will-steer-interest-rates
Eurozone finance ministers opened talks Monday on who should succeed Christine Lagarde at the European Central Bank, a choice that comes as higher energy prices complicate the bank’s decisions on interest rates. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-introduces-cyprus-first-ai-banking-assistant
Bank of Cyprus has become the first bank in Cyprus to offer an AI banking assistant with the launch of DANAI, a new digital service that harnesses Artificial Intelligence to make everyday banking support even simpler and more immediate. Through the Bank’s Mobile App, customers can quickly receive answers to everyday banking questions at any time of the day.
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https://knews.kathimerini.com.cy/en/news/gsi-s-final-cost-remains-unclear
The Great Sea Interconnector (GSI) still lacks a reliable final cost estimate and a firm timetable for completing its assessment, as the European Investment Bank awaits clarification of crucial technical, financial and contractual details....
https://knews.kathimerini.com.cy/en/news/cyprus-blood-stocks-rise-with-national-strategy-set-to-improve-supplies
Blood supplies available to hospitals across Cyprus have increased in recent weeks, improving the ability of blood banks to meet medical demand, according to Maria Adamou, head of the island's hospital blood banks....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-must-hold-extra-capital-to-continue-lending-in-a-crisis
Markets are volatile, the war in the Middle East shows no sign of ending, and inflation continues to rise. The energy crisis is deepening concerns, while the prices of goods and fuel remain high. ...
https://knews.kathimerini.com.cy/en/news/cyprus-proves-a-lucrative-market-for-banks
Cyprus remains a strong source of bank profits, with two of the three banks whose parent companies are based in Greece reporting impressive results. ...
https://knews.kathimerini.com.cy/en/news/energy-prices-jump-21-in-september-putting-households-under-pressure
Energy prices in Cyprus rose 21% in September compared with a year earlier, putting pressure on household budgets as inflation on the island outpaced the euro-area average....
https://knews.kathimerini.com.cy/en/business/eurobank-profits-climb-as-cyprus-delivers-nearly-a-third-of-earnings
Eurobank’s profits rose in the first nine months of 2026, with Cyprus providing nearly a third of the group’s adjusted earnings, even though profits from its operations on the island fell slightly....
https://knews.kathimerini.com.cy/en/news/lagarde-to-leave-ecb-early-opening-race-for-europe-s-top-banking-job
Christine Lagarde will step down as European Central Bank president on Feb. 7, 2027, leaving months before her term ends and setting off the search for a successor at the helm of the eurozone’s central bank....
https://knews.kathimerini.com.cy/en/business/revolut-outage-reveals-banks-vulnerability-to-cloud-service-failures
The disruption to Revolut services caused by a Google Cloud failure on October 20 has drawn attention to the reliance of everyday banking on external technology providers and the challenges financial institutions face when essential digital systems become unavailable....
https://knews.kathimerini.com.cy/en/business/trouble-in-the-financial-shadows-is-cyprus-ready
When inflation began to run out of control in the 1970s, a provision of the Glass-Steagall framework, then approaching its 40th anniversary, began to make its presence felt in the markets....
https://knews.kathimerini.com.cy/en/news/when-your-ai-assistant-gets-the-keys-to-your-bank-account
Checking the balance, sorting the bills, finding where the salary went: There is plenty of household banking most people would happily leave to an assistant. But what happens when that assistant can act on your account and does something you never asked it to do?...
https://knews.kathimerini.com.cy/en/comment/opinion/could-loan-brokers-put-thousands-of-cyprus-banking-jobs-at-risk
Cyprus could see a shift toward loan brokers, a model already used in Greece and other countries, potentially reducing banks’ staffing needs while increasing competition and giving borrowers more options....
https://knews.kathimerini.com.cy/en/news/revolut-disruption-leaves-users-unable-to-pay-or-access-app
A quick tap to pay for coffee or groceries became a problem for Revolut users Tuesday, as a widespread disruption affected both the banking app and card payments....
https://knews.kathimerini.com.cy/en/news/1-macron-refuses-minister-s-exit-as-france-counts-the-cost-of-riots
France’s interior minister offered to resign. President Emmanuel Macron told him to stay. After a weekend of burning buildings, looted shops and thousands of arrests, the government begins Monday under pressure to explain how protests turned into widespread violence, and what it will do next....
https://knews.kathimerini.com.cy/en/news/bank-staff-offered-bigger-payouts-to-leave-due-to-inflation
Inflation and the cost of living are undoubtedly on the rise, but payouts to bank employees taking voluntary retirement appear to be cushioning much of the impact....
https://knews.kathimerini.com.cy/en/news/a-swiss-bank-without-switzerland-ubs-weighs-a-move-abroad
How big can a bank become before its home country can no longer afford to rescue it? That question is at the heart of a dispute in Switzerland, where banking giant UBS is considering whether its future could lie abroad....
https://knews.kathimerini.com.cy/en/news/heavy-rain-batters-limassol-and-paphos-as-orange-warning-remains-in-force
Heavy rain and thunderstorms have caused disruption across Limassol and Paphos, with electricity faults, flooded roads, rockfalls and reduced visibility reported as severe weather sweeps across Cyprus....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus–cdbbank-deal-nears-completion-after-staff-exit-scheme
Bank of Cyprus’ acquisition of cdbBank is on course for a successful conclusion after cdbBank met a key condition of the agreement: implementing a voluntary retirement scheme (VRS)....
https://knews.kathimerini.com.cy/en/news/eu-lawmakers-voted-for-tougher-action-on-muslim-brotherhood-linked-networks
The European Parliament has backed a tougher approach to networks linked to the Muslim Brotherhood, calling for closer scrutiny of their funding and influence and an assessment of whether associated individuals and organizations should face EU terrorism sanctions....
https://knews.kathimerini.com.cy/en/news/tel-aviv-stock-exchange-considers-buying-cyprus-stock-exchange
The Tel Aviv Stock Exchange is taking a serious look at buying the Cyprus Stock Exchange (CSE). Israeli financial publication Calcalist reports that the exchange, headed by Itay Ben Zeev, intends to participate in a tender to be launched by the Cypriot government for the exchange’s privatization....
https://knews.kathimerini.com.cy/en/news/six-major-eu-countries-face-a-€4-8-trillion-debt-‘bomb
Borrowing money was once so cheap that some European governments paid no interest at all. Now those debts are coming due, and replacing them will cost considerably more....
https://knews.kathimerini.com.cy/en/news/our-banks-are-worth-much-more-could-big-investors-come-knocking
Bank of Cyprus ranks among the world’s leading banks, according to Forbes magazine’s first annual ''World’s Top Performing Banks 2026'' ranking, compiled in partnership with market research company Statista....
https://knews.kathimerini.com.cy/en/news/double-your-money-in-50-days-greek-police-uncover-alleged-$8-million-crypto-pyramid-scheme
At least 10,000 people were reportedly recruited into an investment scheme that raised about $8 million by promising to double their money within 50 days through cryptocurrency trading powered by artificial intelligence....
https://knews.kathimerini.com.cy/en/business/could-we-soon-pay-without-visa-or-mastercard-europe-is-building-another-option
You pay for a coffee, buy something online or send money to a friend abroad. It takes seconds. But behind that everyday transaction lies a bigger question: who controls the systems that keep money moving?...
https://knews.kathimerini.com.cy/en/comment/opinion/when-economic-reality-collides-with-political-reality
The electoral cycle, with societies becoming increasingly polarized and divided, makes the situation even more difficult. Entrenched special interests, and their influence over political decisions, make difficult choices even harder to implement....
https://knews.kathimerini.com.cy/en/news/central-bank-keeps-banks-safety-cushion-at-1-5-what-does-that-mean-for-you
The Central Bank of Cyprus has decided to keep the country’s countercyclical capital buffer at 1.5%, a term that sounds technical but essentially means banks must continue keeping extra money in reserve for difficult times....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-returns-to-an-a-rating-but-what-happens-next-matters-more
After 15 years, the Republic of Cyprus has once again secured an A rating from S&P. This achievement closes a major chapter and gives us reason to look back at the recent history of our economy....
