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12° Nicosia,
06 December, 2024
 

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Displaying results 1-30 of 855 matches for query banks.

1. Cyprus Parliament approves limit on large cash transactions

https://knews.kathimerini.com.cy/en/business/cyprus-parliament-approves-limit-on-large-cash-transactions

Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions....

2. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

https://knews.kathimerini.com.cy/en/business/business-loans-on-the-rise-in-cyprus-but-consumer-borrowing-takes-a-hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...

3.  Debate intensifies over proposed 5% tax on bank profits in Cyprus

https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus

According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....

4. Green Line regulation boosts trade, but challenges remain

https://knews.kathimerini.com.cy/en/business/green-line-regulation-boosts-trade-but-challenges-remain

The Green Line Regulation, which defines the legal framework for the movement of goods, people, and services between the government-controlled areas and the northern Turkish-occupied areas of Cyprus, remains a vital tool for the country’s reunification,...

5. Cybersecurity and ICT risks emerge as leading drivers of operational risk

https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

6. Eurobank’s €1.2 billion investment in Cyprus signals confidence

https://knews.kathimerini.com.cy/en/business/eurobank-s-€1-2-billion-investment-in-cyprus-signals-confidence

According to Kathimerini's Panayiotis Rougalas, Eurobank has made significant strides in its investment in the Cypriot banking sector, particularly with its ongoing acquisition of Hellenic Bank....

7. Cyprus receives major credit rating boost from Moody’s

https://knews.kathimerini.com.cy/en/business/cyprus-receives-major-credit-rating-boost-from-moody-s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

8. Eurobank acquires full control of Hellenic Bank

https://knews.kathimerini.com.cy/en/business/eurobank-acquires-full-control-of-hellenic-bank

Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....

9. November Newsletter of K. Treppides & Co Ltd - 25/11/2024

https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd-25-11-2024

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. ...

10. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

https://knews.kathimerini.com.cy/en/comment/opinion/geoeconomic-tensions-and-cyprus-staying-the-course-amid-challenges-ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

11. EIB President Nadia Calviño to visit Cyprus for talks and office opening

https://knews.kathimerini.com.cy/en/business/eib-president-nadia-calvino-to-visit-cyprus-for-talks-and-office-opening

Nadia Calviño, the President of the European Investment Bank (EIB), is set to make her first official visit to Cyprus on Friday, November 22, where she will open the new EIB Group office and hold talks with Cypriot leaders....

12. Laiki Bank liquidator raises €90.8 million for depositor compensation

https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

13. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

https://knews.kathimerini.com.cy/en/news/dbrs-morningstar-cyprus-shows-strong-recovery-in-tackling-bad-loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

14. Bank workers union sets sights on big move in Bank of Cyprus

https://knews.kathimerini.com.cy/en/business/bank-workers-union-sets-sights-on-big-move-in-bank-of-cyprus

Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....

15. Bank of Cyprus reports €401 million profit surge

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

16. BOC finalizes sale of troubled loans to boost stability and growth

https://knews.kathimerini.com.cy/en/news/boc-finalizes-sale-of-troubled-loans-to-boost-stability-and-growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

17. Hellenic Bank and employer's union settle long-running dispute

https://knews.kathimerini.com.cy/en/business/hel

Hellenic Bank and Cyprus bank workers' union ETYK have reached an agreement to fully implement their collective agreement, bringing an end to a prolonged dispute that caused uncertainty and disruption at the bank, according to a statement from ETYK....

18. Hellenic Bank reports €284.4M profit for 2024

https://knews.kathimerini.com.cy/en/business/hellenic-bank-reports-€284-4m-profit-for-2024

Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....

19. BoC Fintech Hackathon 5.0: Fintech Ideas that can change the world!

https://knews.kathimerini.com.cy/en/business/boc-fintech-hackathon-5-0-fintech-ideas-that-can-change-the-world

The number of registrations exceeded all expectations since more than 200 people and more than 25 teams participated....

20. Over 150 dead, many still missing in Spain's deadliest floods in decades

https://knews.kathimerini.com.cy/en/news/over-150-dead-many-still-missing-in-spain-s-deadliest-floods-in-decades

Spain is reeling from its deadliest flood disaster in decades, with at least 158 confirmed dead after devastating rains and flash floods tore through communities. ...

21. Banks see boost from ECB rate cuts

https://knews.kathimerini.com.cy/en/news/banks-see-boost-from-ecb-rate-cuts

The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......

22. Cyprus plans €10,000 cash limit to fight money laundering

https://knews.kathimerini.com.cy/en/business/cyprus-plans-€10-000-cash-limit-to-fight-money-laundering

According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...

23. Euronet remains only bidder in delayed JCC sale

https://knews.kathimerini.com.cy/en/news/euronet-remains-only-bidder-in-delayed-jcc-payment-systems-sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

24. Cyprus to launch 'National Sanctions Unit'

https://knews.kathimerini.com.cy/en/business/cyprus-to-launch-national-sanctions-unit

Cyprus is set to establish a new National Sanctions Implementation Unit (NSIU) in the coming year, aiming to improve how financial sanctions are enforced in the country....

25. New EU rules open Cyprus's troubled loan market to foreign investors

https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

26. Cyprus achieves first A-level credit rating in major milestone

https://knews.kathimerini.com.cy/en/business/cyprus-achieves-first-a-level-credit-rating-in-major-milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

27. CBC urges banks to show social responsibility despite sector’s strength

https://knews.kathimerini.com.cy/en/news/cbc-urges-banks-to-show-social-responsibility-despite-sector-s-strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

28. Bank of Cyprus shareholders moving at different speeds

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

29. Cypriot banks sending loans abroad: A growing risk?

https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

30. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

https://knews.kathimerini.com.cy/en/business/spike-in-suspicious-transactions-as-cyprus-freezes-over-€25-million-in-illicit-assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

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