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12° Nicosia,
31 May, 2024
 

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Displaying results 1-30 of 611 matches for query loan.

1. CBC reports €209.1M increase in deposits for April

https://knews.kathimerini.com.cy/en/news/cbc-reports-€209-1m-increase-in-deposits-for-april

Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....

2. Cyprus non-performing loans drop to lowest level in years

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years

Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...

3. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

4. ECB to implement first interest rate cut

https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut

The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....

5. Cyprus investment funds increase by €293 Million

https://knews.kathimerini.com.cy/en/news/cyprus-investment-funds-increase-by-€293-million

The total assets of investment funds in Cyprus grew by approximately €293 million, or 4.5%, in March 2024 compared to December 2023, reaching €6.78 billion....

6. US fund eyes investment in Greece-Cyprus-Israel sea link

https://knews.kathimerini.com.cy/en/business/us-fund-eyes-investment-in-greece-cyprus-israel-sea-link

The US sovereign wealth fund, SWF, is keen on joining the Greece-Cyprus-Israel Great Sea Interconnector project. ADMIE, the Transmission System Operator for the Hellenic Electricity Transmission System, confirmed SWF's interest, which could involve funding or loans....

7. Banks stress need for government support in ESG initiatives

https://knews.kathimerini.com.cy/en/news/banks-stress-need-for-government-support-in-esg-initiatives

Banks are urging a combination of government and regulatory policies to achieve a healthy, effective, and optimal green transition in Cyprus....

8. Bank of Cyprus earns €133 million in profits

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits

The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....

9. Cypriot banks set to exceed 2023's record profits in 2024

https://knews.kathimerini.com.cy/en/news/cypriot-banks-set-to-exceed-2023-s-record-profits-in-2024

Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...

10. Home prices surge in Q4 2023

https://knews.kathimerini.com.cy/en/news/home-prices-surge-in-q4-2023

House prices in Cyprus continued their upward trajectory in the fourth quarter of 2023, with apartment prices being the primary driving force, as per a report released by the Central Bank of Cyprus on Tuesday....

11. Chinese president's visits to Serbia and Hungary yield new economic deals

https://knews.kathimerini.com.cy/en/news/chinese-president-s-visits-to-serbia-and-hungary-yield-new-economic-deals

When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered......

12. Household deposit rates surge as home buying loan rates dip

https://knews.kathimerini.com.cy/en/business/household-deposit-rates-surge-as-home-buying-loan-rates-dip

In March 2024, the financial landscape in Cyprus saw some interesting shifts, according to data released by the Central Bank of Cyprus. Here's a breakdown of what happened:...

13. China's leader targets Hungary, Serbia for investments

https://knews.kathimerini.com.cy/en/news/china-s-leader-targets-hungary-serbia-for-investments

Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe....

14. Former Central Bank Governor reflects on achievements and future plans

https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans

In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...

15. Cyprus reports €133.1 million increase in March loans

https://knews.kathimerini.com.cy/en/news/cyprus-reports-€133-1-million-increase-in-march-loans

In March, both total deposits and loans saw an upward trend, with liquidity (the difference between loans and deposits) exceeding €27 billion, according to statistics on deposits and loans from Monetary Financial Institutions published today by the Central Bank of Cyprus. ...

16. Cyprus Central Bank sets interest rate limit at 11.42%

https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-sets-interest-rate-limit-at-11-42

The Central Bank of Cyprus determined the reference interest rate to be 11.42%, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with the provisions of the said article....

17. Cyprus' public debt declines, economic outlook brightens

https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-declines-economic-outlook-brightens

According to a report by Panayiotis Rougalas, Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels....

18. AstroBank's record-breaking year: €30.4M in profits for 2023

https://knews.kathimerini.com.cy/en/news/astrobank-s-record-breaking-year-€30-4m-in-profits-for-2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

19. Alphamega Hypermarkets and Bean Bar reward employees with pay rises

https://knews.kathimerini.com.cy/en/business/alphamega-hypermarkets-and-bean-bar-reward-employees-with-pay-rises

C.A. Papaellinas Emporiki Ltd granted its annual pay rises of more than €4.5m ...

20. Businesses turn to banks amid funding crunch

https://knews.kathimerini.com.cy/en/business/businesses-turn-to-banks-amid-funding-crunch

In 2023, businesses encountered a tough road ahead when it came to securing loans, as costs continued to climb....

21. CBC Governor faces toughest banking challenges yet

https://knews.kathimerini.com.cy/en/news/cbc-governor-faces-toughest-banking-challenges-yet

A new dawn breaks with the appointment of Mr. Christodoulos Patsalides as the Central Bank of Cyprus's new governor, heralding both promise and challenge....

22. President Christodoulides hails financial progress with new CBC Governor

https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-financial-progress-with-new-cbc-governor

The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....

23. KEDIPES introduces plan to help borrowers repay home loans

https://knews.kathimerini.com.cy/en/news/kedipes-introduces-plan-to-help-borrowers-repay-home-loans

The Cyprus Asset Management Company (KEDIPES) has unveiled a new initiative aimed at assisting borrowers in repaying their home loans....

24. Cyprus records €575.5 million in new loans

https://knews.kathimerini.com.cy/en/news/cyprus-records-€575-5-million-in-new-loans

Cyprus recorded a significant increase in total new loans in February, reaching €575.5 million, up from €462.7 million in the previous month. This surge was primarily driven by a notable rise in loans granted to companies, totalling approximately €130 million, according to data released by the Central Bank of Cyprus (CBC). ...

25. Finance Minister extends rent program to assist more homeowners

https://knews.kathimerini.com.cy/en/news/finance-minister-extends-rent-program-to-assist-more-homeowners

The Cabinet has approved an expansion of beneficiaries for the Rent Relief Program against Installments, announced Finance Minister Makis Keravnos after the body's session. ...

26. Trump's $175M bond halts NY fraud case collection

https://knews.kathimerini.com.cy/en/news/trump-s-$175m-bond-halts-ny-fraud-case-collection

Former President Donald Trump has taken action in his New York civil fraud case, posting a $175 million bond on Monday. ...

27. Employers call for tax reform to spur economic growth

https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth

Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...

28. Banks' February deposits rise by €65.4 million

https://knews.kathimerini.com.cy/en/news/banks-february-deposits-rise-by-€65-4-million

Total deposits in February recorded a significant net increase by €65.4 million following a decrease of €366.0 million in the previous month......

29. 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. ...

30. Cyprus grapples with €80 million surge in state budget deficit for 2023

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

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