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12° Nicosia,
04 February, 2023
 

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Displaying results 1-30 of 399 matches for query banks.

1. Interest rates in Cyprus continues its steady rise

https://knews.kathimerini.com.cy/en/news/interest-rates-in-cyprus-continues-its-steady-rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

2. Eurostat: Cyprus had the highest stock of NPL's in 2021

https://knews.kathimerini.com.cy/en/news/eurostat-cyprus-had-the-highest-stock-of-npl-s-in-2021

In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU....

3. A large number of foreclosure notices to be sent tomorrow

https://knews.kathimerini.com.cy/en/news/a-large-number-of-foreclosure-notices-to-be-sent-tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

4. Guarantor wants off the hook over old bad loan

https://knews.kathimerini.com.cy/en/news/guarantor-wants-off-the-hook-over-old-bad-loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

5. January Newsletter of K. Treppides & Co Ltd: CySEC

https://knews.kathimerini.com.cy/en/business/january-newsletter-of-k-treppides-co-ltd-cysec

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

6. Banks are revising lending rates

https://knews.kathimerini.com.cy/en/business/banks-are-revising-lending-rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

7. More people choose bankruptcy to get a second chance

https://knews.kathimerini.com.cy/en/news/more-people-choose-bankruptcy-to-get-a-second-chance

Bankruptcy applications, based on Law 4818/2021, are coming thick and fast from individuals with or without commercial activity, as they are unable to repay their debts to banks and insurance funds....

8. No more Fridays. 4-day work week on the rise

https://knews.kathimerini.com.cy/en/business/no-more-fridays-4-day-work-week-on-the-rise

The results are in: It's time for your company to stop working on Fridays (or Mondays)....

9. Herodotou calls for increased vigilance to avert private debt defaults

https://knews.kathimerini.com.cy/en/business/herodotou-calls-for-increased-vigilance-to-avert-private-debt-defaults

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....

10. Wargaming intends to 'hold on' to Hellenic

https://knews.kathimerini.com.cy/en/business/wargaming-intends-to-hold-on-to-hellenic

Wargaming Group, a Cypriot technology company, intends to remain a shareholder in Hellenic Bank. Despite selling a 13.41% stake to Eurobank in early December, Wargaming says its goal now is to focus on what it says it "does best," which is creating good games....

11. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

https://knews.kathimerini.com.cy/en/news/cyprus-banks-vulnerabilities-remain-despite-progress-says-ssm

Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...

12. Demetra has invested 75% of its capital in Hellenic

https://knews.kathimerini.com.cy/en/news/demetra-has-invested-75-of-its-capital-in-hellenic

Demetra Investment, the Cyprus Investment Fund, has dedicated 75% of its investments to Hellenic Bank....

13. Problems surrounding 'contactless transactions' have come to light

https://knews.kathimerini.com.cy/en/news/problems-surrounding-contactless-transactions-have-come-to-light

Cypriot banks have been asked to address a problem with a specific batch of Mastercard cards....

14. Funds are investing in Cypriot banks

https://knews.kathimerini.com.cy/en/business/fund-are-investing-in-cypriot-banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

15. Looking ahead to 2023: House prices in Cyprus

https://knews.kathimerini.com.cy/en/comment/opinion/looking-ahead-to-2023-house-prices-in-cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

16. New loans up despite interest rate hike

https://knews.kathimerini.com.cy/en/news/new-loans-up-despite-interest-rate-hike

Total new loans in November 2022 increased by €172.8m compared to the previous month, despite an increase in interest rates across all loan categories. ...

17. The landscape of bank equity is changing in Cyprus

https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus

A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....

18. The properties 'threatened' by the Pedieos River

https://knews.kathimerini.com.cy/en/business/the-properties-threatened-by-the-pedieos-river

There have been numerous occasions in recent years when the Pedieos River's overflow has resulted in serious issues. ...

19. All you need to know to renew your road tax license

https://knews.kathimerini.com.cy/en/news/all-you-need-to-know-to-renew-your-road-tax-license

The following is a notice from the Ministry of Transport, Communications, and Works (Department of Road Transport) regarding the renewal of vehicle registration permits for the year 2023:...

20. Economic events that will be remembered in 2022

https://knews.kathimerini.com.cy/en/news/economic-events-that-will-be-remembered-in-2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

21. Nikos Christodoulides’ program for the next five years

https://knews.kathimerini.com.cy/en/comment/opinion/nikos-christodoulides-program-for-the-next-five-years

Cypriots will go to the polls on February 5 to elect the 8th President of the Republic. The campaign began very early compared to previous elections and will intensify during the remaining few weeks. ...

22. Cyprus braces for credit ratings in 2023

https://knews.kathimerini.com.cy/en/news/cyprus-braces-for-credit-ratings-in-2023

The ratings will take place in a year marked by a projected economic slowdown, amid the continued uncertainty that clouds the economic outlook, due to high inflation and the energy crisis, fueled by the continuing war in Ukraine...

23. Cash still king as Cypriots take digital leap

https://knews.kathimerini.com.cy/en/news/cash-still-king-as-cypriots-take-digital-leap

The growing preference of Cypriots for digital means of payment, but also the desire to maintain the ability to pay with cash and checks, are the main conclusions of the report of the Central Bank of Cyprus on Retail Payments in Cyprus for the years 2014-2021...

24. Calls to protect vulnerable borrowers from interest rate hike

https://knews.kathimerini.com.cy/en/news/calls-to-protect-vulnerable-borrowers-from-interest-rate-hike

The Association for the Protection of Bank Borrowers (SYPRODAT) has accused the government of "complete apathy" in the development of support measures for vulnerable borrowers in the aftermath of the European Central Bank's (ECB) continuous increase in interest rates and amid conditions of unprecedented accuracy....

25. Finance Ministry: 'Cyprus economy will not enter a recession'

https://knews.kathimerini.com.cy/en/news/finance-ministry-cyprus-economy-will-not-enter-a-recession

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

26. ECB raises interest rates by 0.5%

https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-by-0-5

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

27. Gatzke-Hellenic relations have returned to normal

https://knews.kathimerini.com.cy/en/business/gatzke-hellenic-relations-have-returned-to-normal

After taking a brief leave of absence, Hellenic Bank CEO Oliver Gatske has returned to his duties. Mr. Gatske was given the green light to return to his office on Monday after the Cyprus Securities and Exchange Commission cleared him of any wrongdoing....

28. €36 million loss so far reported by banks this year

https://knews.kathimerini.com.cy/en/business/€36-million-loss-so-far-reported-by-banks-this-year

The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....

29. Gatzke returns to Hellenic

https://knews.kathimerini.com.cy/en/business/gatzke-returns-to-hellenic

Oliver Gatzke, CEO of the Hellenic Bank, has returned to the Bank of Greece's headquarters as of today, December 12....

30. Tying up loose ends at Hellenic

https://knews.kathimerini.com.cy/en/business/tying-up-loose-ends-at-hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...

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