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12° Nicosia,
28 March, 2024
 

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Displaying results 1-30 of 687 matches for query Banks.

1. KEDIPES pays state €140M in largest quarterly sum yet

https://knews.kathimerini.com.cy/en/news/kedipes-pays-state-€140m-in-largest-quarterly-sum-yet

In the largest quarterly cash repayment to the state since its inception in 2018, totaling €140 million, the Board of Directors of KEDIPES decided to proceed for the first quarter of 2024. ...

2. Russian oil payments delayed amid sanctions scrutiny

https://knews.kathimerini.com.cy/en/news/russian-oil-payments-delayed-amid-sanctions-scrutiny

Russian oil companies are facing significant delays in receiving payments for crude and fuel as banks in China, Turkey, and the United Arab Emirates (UAE) exercise increased caution over potential U.S. secondary sanctions, according to eight sources familiar with the matter....

3. Business loans drop, home loans steady

https://knews.kathimerini.com.cy/en/business/business-loans-drop-home-loans-steady

The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....

4. Europe's ambitious plan to reignite economic engines

https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

5. March Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

https://knews.kathimerini.com.cy/en/business/1-march-newsletter-of-k-treppides-co-ltd-cyprus-securities-and-exchange-commission

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

6. February's financial flaws expose 16 bad checks, €19,388 lost

https://knews.kathimerini.com.cy/en/news/february-s-financial-flaws-expose-16-bad-checks-€19-388-lost

In February 2024, a total of 16 bad cheques, amounting to €19,388, were issued, with 9 individuals (7 legal entities and 2 individuals) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques....

7. Lather, rinse, repeat

https://knews.kathimerini.com.cy/en/comment/opinion/lather-rinse-repeat

Everywhere we turn in Cyprus, the specter of money laundering looms large. It was an open secret for years that our banking system was complicit, resulting in repercussions from foreign authorities....

8. Cyprus embraces global investment with its bond market debut

https://knews.kathimerini.com.cy/en/business/cyprus-embraces-global-investment-with-its-bond-market-debut

In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....

9. What are they afraid of?

https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of

Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....

10. Greek and Cypriot banks forge partnerships for regional infrastructure projects

https://knews.kathimerini.com.cy/en/business/greek-and-cypriot-banks-forge-partnerships-for-regional-infrastructure-projects

The Cypriot banking sector is poised to support significant projects with regional geopolitical implications....

11. KEDIPES successfully sells €58.4M portfolio to reduce debt

https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt

The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....

12. Eurobank expands to India via Cyprus

https://knews.kathimerini.com.cy/en/news/eurobank-expands-to-india-via-cyprus

Eurobank, a leading Greek financial institution, is poised to establish a representative office in Mumbai, India's bustling financial hub, signaling its strategic foray into the Indian market. ...

13. Cyprus praises EU financial plan for 2025

https://knews.kathimerini.com.cy/en/news/cyprus-praises-eu-financial-plan-for-2025

The joint statement on the orientation of the eurozone’s fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister for Finance Makis Keravnos said in Brussels, where he was attending the meeting of the Eurogroup on Monday....

14. Eurobank eyes support for internet cable connecting Europe and Asia

https://knews.kathimerini.com.cy/en/business/eurobank-eyes-support-for-internet-cable-connecting-europe-and-asia

Eurobank, initially hesitant about financing the East to Med Data Corridor (EMC) cable system, is now contemplating entering the second round of funding for the mega project....

15. Cyprus: A familiar economic space for Greece

https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece

In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....

16. Eurobank Cyprus reports €199.4M profits in 2023

https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€199-4m-profits-in-2023

Eurobank Cyprus unveiled its financial results for 2023, boasting a profit of €199.4 million, marking a significant increase of €105.1 million or 111% compared to 2022. ...

17. KEDIPES preps for major loan sell-off, boosting Cyprus banks

https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

18. March Newsletter of K. Treppides & Co Ltd: Financial Conduct Authority

https://knews.kathimerini.com.cy/en/business/march-newsletter-of-k-treppides-co-ltd-financial-conduct-authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

19. Deposit rates down, mortgage rates up

https://knews.kathimerini.com.cy/en/news/deposit-rates-down-mortgage-rates-up

Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....

20. EY survey: Cybersecurity tops global CROs' concerns

https://knews.kathimerini.com.cy/en/business/ey-survey-cybersecurity-tops-global-cros-concerns

EY Global Bank Risk Survey 2023 finds CRO role has expanded and evolved....

21. What role do banks ultimately play?

https://knews.kathimerini.com.cy/en/comment/opinion/what-role-do-banks-ultimately-play

Are banks merely financial entities providing a range of services to the public and businesses, solely driven by profit for shareholders? Banks serve as the heart of our economic and social systems, ...

22. Trial begins for Turkish Cypriot lawyer in property usurpation case

https://knews.kathimerini.com.cy/en/news/trial-begins-for-turkish-cypriot-lawyer-in-property-usurpation-case

The legal proceedings involving Turkish Cypriot lawyer Akan Kıursat, accused of usurping Greek Cypriot property, continued today at the Nicosia District Court....

23. Bitcoin surpasses $57,000 on ETF boost and corporate investments

https://knews.kathimerini.com.cy/en/business/bitcoin-surpasses-$57-000-on-etf-boost-and-corporate-investments

Bitcoin reached a milestone, surpassing $57,000, driven by increasing demand from exchange-traded funds (ETFs) and corporate investments, notably by MicroStrategy. ...

24. Cypriots saving less as loan numbers fluctuate

https://knews.kathimerini.com.cy/en/news/cypriots-saving-less-as-loan-numbers-fluctuate

In January 2024, the total deposits in Cyprus reached €51.9 billion, experiencing a net decrease of €366.0 million compared to the previous month....

25. Cyprus banks push for green standards with ESG certification

https://knews.kathimerini.com.cy/en/news/cyprus-banks-push-for-green-standards-with-esg-certification

Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance) criteria. ...

26. Hellenic Bank posts impressive 2023 profit of €365.4 million

https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-impressive-2023-profit-of-€365-4-million

Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....

27. Greek government to sell its stake in Piraeus Bank, anticipates high demand

https://knews.kathimerini.com.cy/en/news/greek-government-to-sell-its-stake-in-piraeus-bank-anticipates-high-demand

Greece will proceed with the complete divestment of the state from Piraeus Bank with the disposition of the 27% it controls through the Hellenic Financial Stability Fund (HFSF)....

28. Phone ringing, debt ignored: Cyprus faces loan repayment hurdles

https://knews.kathimerini.com.cy/en/news/phone-ringing-debt-ignored-cyprus-faces-loan-repayment-hurdles

Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....

29. Cyprus economy 2024: Ktrends reveals challenges and successes

https://knews.kathimerini.com.cy/en/news/cyprus-economy-2024-ktrends-reveals-challenges-and-successes

Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...

30. EC approves interest subsidy scheme for housing loans

https://knews.kathimerini.com.cy/en/news/ec-approves-interest-subsidy-scheme-for-housing-loans

In a significant development, the European Commission's DG Competition has approved an interest subsidy scheme aimed at housing loans in Cyprus....

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