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12° Nicosia,
01 February, 2023
 

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Displaying results 1-30 of 304 matches for query loans.

1. 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....

2. Wronged worker slams Cyprus over migration crisis

https://knews.kathimerini.com.cy/en/news/wronged-worker-slams-cyprus-over-migration-crisis

Thousands of asylum seekers in Cyprus were sent back to their countries last year but one foreign worker, who feels he has no good options following a dispute with his employer, says many people who come to work on the island are forced to seek asylum because the system is not in their favor...

3. CBC: Household debt at 77% of GDP

https://knews.kathimerini.com.cy/en/news/cbc-household-debt-at-77-of-gdp

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

4. 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. ...

5. Deposits up by more than €0.5 billion in December 2022

https://knews.kathimerini.com.cy/en/news/deposits-up-by-more-than-€0-5-billion-in-december-2022

Deposits in the Cypriot banking system rose by almost €590 million in December 2022 with total deposits in end-2022 amounting to €52 billion....

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. 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....

8. Finance Minister responds to CBS: 'Disinformation and fake news' (video)

https://knews.kathimerini.com.cy/en/news/finance-minister-responds-to-cbs-disinformation-and-fake-news

The report on the CBS show '60 Minutes' about Russian oligarchs was referred to by the Finance Minister in his detailed response on the issue. ...

9. 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. ...

10. NPL's decreased by €32 million to €2.69 billion in October 2022

https://knews.kathimerini.com.cy/en/business/npl-s-decreased-by-€32-million-to-€2-69-billion-in-october-2022

Non-performing loans (NPLs) at the end of October 2022 amounted to €2.69 billion, showing a decrease of €32 million compared to the previous month....

11. 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. ...

12. 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"....

13. 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, ...

14. Boris Becker released from UK jail, will be deported

https://knews.kathimerini.com.cy/en/news/boris-becker-released-from-uk-jail-will-be-deported

Former Wimbledon champion Boris Becker has been released from jail today and will be deported from the UK, according to the PA news agency....

15. €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....

16. Nicosia stays course as economic growth loses steam

https://knews.kathimerini.com.cy/en/news/nicosia-stays-course-as-economic-growth-loses-steam

Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...

17. Cyprus gets taste of EU’s €85 million with a caveat

https://knews.kathimerini.com.cy/en/news/cyprus-gets-taste-of-eu-s-€85-million-with-a-caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

18. €76.4m profit in first 9 months of 2022 for Hellenic

https://knews.kathimerini.com.cy/en/business/€76-4m-profit-in-first-9-months-of-2022-for-hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

19. World's largest crypto exchange platform to set up shop in Cyprus

https://knews.kathimerini.com.cy/en/business/world-s-largest-crypto-exchange-platform-to-set-up-shop-in-cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

20. The effects of Global warming on banks and insurance companies

https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-effects-of-global-warming-on-banks-and-insurance-companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

21. Small number of banks meeting new loan demand

https://knews.kathimerini.com.cy/en/business/small-number-of-banks-meeting-new-loan-demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

22. 14 billion euros of loans on ice due to the suspension of foreclosure sales

https://knews.kathimerini.com.cy/en/news/14-billion-euros of-loans-on-ice-due-to-the-suspension-of-foreclosure-sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

23. The consequences of continuing foreclosure suspensions

https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions

Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....

24. 'The suspension of foreclosure sales is tragic for the country'

https://knews.kathimerini.com.cy/en/business/the-suspension-of-foreclosure-sales-is-tragic-for-the-country

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

25. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

https://knews.kathimerini.com.cy/en/news/ecb-banks-in-italy-portugal-greece-cyprus-could-see-highest-rise-in-npls

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

26. Who benefits from the proposed rent-to-mortgage scheme?

https://knews.kathimerini.com.cy/en/business/who-benefits-from-the-proposed-rent-to-mortgage-scheme

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

27. Investors lost $1 billion on FTX, prompting calls for industry regulation

https://knews.kathimerini.com.cy/en/news/investors-lost-$1-billion-on-ftx-prompting-calls-for-industry-regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

28. Man wanted for 760m euros worth of fraud arrested at Larnaca airport

https://knews.kathimerini.com.cy/en/news/man-wanted-for-760m-euros-worth-of-fraud-arrested-at-larnaca-airport

On Sunday night, a 49-year-old man who is wanted by Chinese authorities on an international warrant in connection with a fraud case was apprehended at Larnaca airport....

29. President defers foreclosure mess to attorney general

https://knews.kathimerini.com.cy/en/news/president-defers-foreclosure-mess-to-attorney-general

Cypriot President Nicos Anastasiades has refused to veto legislation that suspends foreclosures yet again until February 2023, essentially calling on the attorney general to examine the constitutionality of the bill as the issue on the presidential election campaign trail continues to heat up...

30. Finance Minister calls for the repeal of foreclosure suspension

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-the-repeal-of-foreclosure-suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

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