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31° Nicosia,
16 July, 2018
 

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Displaying results 1-30 of 38 matches for query banks.

1. Erdogan says 'will never forget those who embraced coup-plotters'

http://knews.kathimerini.com.cy/en/news/erdogan-says-will-never-forget-those-who-embraced-coup-plotters

In a speech to a large crowd marking the second anniversary of a foiled military coup, Turkish President Recep Tayyip Erdogan declared that he would "never forget those who embraced the coup-plotters" in an apparent dig at Greece where eight Turkish servicemen have sought asylum....

2. Moody’s says BoC better off after UK sale

http://knews.kathimerini.com.cy/en/news/moody-s-says-bank-of-cyprus-better-off-after-uk-sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

3. Cyprus co-op bank freezes accounts with bad loans

http://knews.kathimerini.com.cy/en/business/cyprus-co-op-bank-freezes-accounts-with-bad-loans

The Cyprus Cooperative Bank on Friday froze accounts of customers who keep their loans delinquent on purpose, as the bank makes an effort to force them to seek refinance terms...

4. ESM warns Cypriot banks of quick fixes

http://knews.kathimerini.com.cy/en/business/esm-warns-cypriot-banks-of-quick-fixes

The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...

5. Cyprus to crackdown on shell companies

http://knews.kathimerini.com.cy/en/business/cyprus-to-crackdown-on-shell-companies

The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...

6. UK Court convicts Cypriot drug lord’s mother

http://knews.kathimerini.com.cy/en/news/uk-court-convicts-cypriot-drug-lord-s-mother

A UK court has convicted a Cypriot woman, mother of a drug lord in Cyprus, of talking part in an illegal drug trafficking network by making trips around London to collect money on her son’s behalf...

7. Funds & Cryptocurrencies: The Development and the Technology

http://knews.kathimerini.com.cy/en/business/funds-cryptocurrencies-the-development-and-the-technology

For the second consecutive year, the Cyprus Chamber of Commerce and Industry, Cyprus-Russian Business Association and K. Treppides & Co Ltd are organizing a half day conference on the 14th of June 2018 at Four Seasons Hotel in Limassol, in an attempt to inform the investors and the Global Market about the Cyprus Fund’s market and the relationship that the Funds in Cyprus can have with the technology...

8. Capital controls eased further as of Monday

http://knews.kathimerini.com.cy/en/business/capital-controls-eased-further-as-of-monday

Capital controls were eased further on Monday with depositors now permitted to withdraw a monthly maximum of 5,000 euros from bank accounts, up from 2,300 euros....

9. Cypriot mother-son duo involved in illegal drug entreprise

http://knews.kathimerini.com.cy/en/news/cypriot-mother-son-duo-involved-in-illegal-drug-entreprise

Two Cypriots, mother and son, are involved in a case of international illegal drug trafficking, with UK authorities saying the woman in London was making trips to collect money on her son’s behalf...

10. UK financial sector wants global talent on tap after Brexit

http://knews.kathimerini.com.cy/en/business/uk-financial-sector-wants-global-talent-on-tap-after-brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...

11. Russian 'dirty money' flowing through London damages UK

http://knews.kathimerini.com.cy/en/business/russian-dirty-money-flowing-through-london-damages-uk

Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...

12. 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...

13. 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...

14. 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...

15. 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...

16. 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....

17. 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. ...

18. 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...

19. 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...

20. 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....

21. 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...

22. 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...

23. 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%...

24. 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...

25. 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...

26. 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...

27. 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 ...

28. 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....

29. 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...

30. 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...