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27° Nicosia,
20 May, 2018
 

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Displaying results 1-27 of 27 matches for query Banks.

1. Booming Cyprus breaks more tourism records

http://knews.kathimerini.com.cy/en/business/booing-cyprus-breaks-more-tourism-records

An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...

2. 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...

3. Co-op receives two bids in good bank, bad bank scenarios

http://knews.kathimerini.com.cy/en/business/co-op-receives-two-bids-in-good-bank-bad-bank-scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

4. 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...

5. On Athens visit, Juncker appears upbeat about Greek recovery

http://knews.kathimerini.com.cy/en/news/on-athens-visit-juncker-appears-upbeat-about-greek-recovery

In a speech before Greece’s Parliament on Thursday, European Commission President Jean-Claude Juncker expressed optimism about Greece’s economic recovery and called on its European partners to honor pledges for debt relief....

6. 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. ...

7. French frigates could be built in Greece

http://knews.kathimerini.com.cy/en/news/french-frigates-could-be-built-in-greece

Tsipras and Macron discussed the possible use of profits on Greek bonds held by the cental banks of other European countries, such as France, for the construction of frigates...

8. One in five financial institutions consider cryptocurrency trading

http://knews.kathimerini.com.cy/en/business/one-in-five-financial-institutions-consider-cryptocurrency-trading

Banks are examining client interest and several hedge funds have tried their hand trading virtual currencies...

9. ECB mulls shelving rules tackling eurozone NPLs

http://knews.kathimerini.com.cy/en/business/ecb-mulls-shelving-rules-tackling-eurozone-npls

The European Central Bank is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans, after suffering a political backlash....

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. 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...

12. Cyprus registers record number of tourists in March

http://knews.kathimerini.com.cy/en/news/cyprus-registers-record-number-of-tourists-in-march

Tourist arrivals in March rocketed 36.4%...

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. Russia can build Turkey power station alone

http://knews.kathimerini.com.cy/en/news/russia-can-build-turkey-power-station-alone

Russian firm Rosatom has been seeking investors for a 49 percent stake in the Akkuyu nuclear power plant project...

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. Rouvikonas's latest paint attack targets Turkish consulate

http://knews.kathimerini.com.cy/en/news/rouvikonas-s-latest-paint-attack-targets-turkish-consulate

Self-proclaimed anarchist group Rouvikonas (Greek for Rubicon) threw paint at the Turkish consulate in Palaio Psychico, northern Athens, on Wednesday, to protest the country's military operation in Afrin, Syria....

18. Ukraine's Privatbank files $3 billion lawsuit against PwC subsidiaries

http://knews.kathimerini.com.cy/en/business/ukraine-s-privatbank-files-$3-billion-lawsuit-against-pwc-subsidiaries

Kiev has already withdrawn PwC’s right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank...

19. Hourican is one of the best paid Irish bankers

http://knews.kathimerini.com.cy/en/business/hourican-is-one-of-the-best-paid-irish-bankers

The Dubliner CEO of the Bank of Cyprus, was paid €2.1 million last year, putting him among the best-paid Irish bankers in the world...

20. Bad loans still high despite fast economic growth

http://knews.kathimerini.com.cy/en/business/bad-loans-still-high-despite-fast-economic-growth

Cyprus' economic growth has been supported by construction, tourism and professional services...

21. Bank chief urges business to help in a speedier resolution of NPLs

http://knews.kathimerini.com.cy/en/business/hourican-urges-business-to-help-in-a-speedier-resolution-of-npls

He said that one of the biggest issues in Cyprus was the tolerance on non-performers lending...

22. 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...

23. Anti-foreclosure protesters scuffle with police in Athens

http://knews.kathimerini.com.cy/en/news/anti-foreclosure-protesters-scuffle-with-police-in-athens

Protesters opposing property auctions outside the office of a notary in the upscale Athens neighborhood of Kolonaki on Wednesday clashed with police trying to move them along....

24. Cooperative Bank looking to attract investors

http://knews.kathimerini.com.cy/en/business/cooperative-bank-looking-to-attract-investors

The investor can acquire some or all of the share capital...

25. 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...

26. 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...

27. 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...