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12° Nicosia,
13 July, 2020
 

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Displaying results 1-30 of 163 matches for query loans.

1. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

https://knews.kathimerini.com.cy/en/news/moody-s-payment-holidays-shield-cyprus-banks-in-2020-but-deterioration-likely-in-2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

2. Govt mulling over state guarantee scheme for Cyprus students in UK

https://knews.kathimerini.com.cy/en/news/govt-mulling-over-state-guarantee-scheme-for-cyprus-students-in-uk

Cyprus Ministers and MPs put their heads together on Wednesday to find ways of dealing with the UK’s decision to end home fee status for EU students from the 2021-22 academic year....

3. All set for implementation of new support measures, FinMin says

https://knews.kathimerini.com.cy/en/news/all-set-for-implementation-of-new-support-measures-finmin-says

Finance minister Constantinos Petrides announced the launch of the implementation of three measures, under the government support program, to address the consequences of the coronavirus pandemic....

4. No progress among EU leaders on virus recovery deal

https://knews.kathimerini.com.cy/en/news/no-progress-among-eu-leaders-on-virus-recovery-deal

European Union leaders found that a quick deal on the bloc's future long-term budget and a multibillion-euro post-pandemic recovery plan remained beyond their reach Friday as the coronavirus ravages their economies....

5. Market sentiment looking up, FinMin says

https://knews.kathimerini.com.cy/en/news/market-sentiment-looking-up-finmin-says

Market sentiment is looking up, Finance Minister Constantinos Petrides said Tuesday after a broad meeting at the Presidential Palace between President Nicos Anastasiades and representatives of financial institutions....

6. Lawmakers to vote on budget for new support measures

https://knews.kathimerini.com.cy/en/news/lawmakers-to-vote-on-budget-for-new-support-measures

The Finance Ministry will be seeking lawmakers’ green light for the supplementary budget of €220 million involving a string of measures to keep the economy afloat after the slowdown brought about by the coronavirus pandemic. ...

7. FinMin delves into details of 'new, more targeted measures'

https://knews.kathimerini.com.cy/en/news/finmin-delves-into-details-of-new-more-targeted-measures

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

8. President unveils new stimulus package

https://knews.kathimerini.com.cy/en/news/president-unveils-new-stimulus-package

President Nicos Anastasiades announced on Wednesday a new set of measures to support tourism, businesses, and the self-employed workers that took a hit in the coronavirus pandemic...

9. Repair and Prepare: EU unveils €750 bln plan for coronavirus recovery

https://knews.kathimerini.com.cy/en/news/repair-and-prepare-eu-unveils-€750-bln-plan-for-coronavirus-recovery

The European Commission unveiled on Wednesday a plan to borrow on the market and then disburse to EU countries 750 billion euros in grants and loans to help them recover from their coronavirus slump, giving an immediate boost to the euro....

10. Cyprus to get €2.5 billion, EU Commission proposal says

https://knews.kathimerini.com.cy/en/news/cyprus-to-get-€2-5-billion-according-to-eu-commission-proposal

The European Commission will propose on Wednesday that Cyprus gets €1.433 billion of the new recovery fund, and €2.52 billion in total....

11. Cabinet scraps bill for government loan guarantees

https://knews.kathimerini.com.cy/en/news/cabinet-scraps-bill-for-government-loan-guarantees

The Cabinet on Tuesday withdrew a bill that would allow the government to provide guarantees for loans to be given to businesses affected by the coronavirus pandemic....

12. Cabinet in tight spot talks measures

https://knews.kathimerini.com.cy/en/news/cabinet-in-tight-spot-talks-measures

The President’s Cabinet is discussing the ease of measures ahead of a meeting later this week with health experts, amid reports there could be second thoughts among scientists...

13. The crisis is here and should not be underestimated, FinMin warns parties

https://knews.kathimerini.com.cy/en/news/the-crisis-is-here-and-should-not-be-underestimated-finmin-warns-parties

As political parties continue to quarrel over a bill seeking to release government funds as guarantees for loans to businesses hit affected by the coronavirus outbreak, Cyprus Minister of Finance Constantinos Petrides warned that “the crisis is here and should not be underestimated.”...

14. Hellenic Bank sells its most expensive home

https://knews.kathimerini.com.cy/en/business/hellenic-bank-sells-its-most-expensive-home

Hellenic Bank has sold its most expensive home according to a special report, with foreign investors shelling out 3 million for a mansion in Lakatamia...

15. The market needs oxygen, FinMin says

https://knews.kathimerini.com.cy/en/news/the-market-needs-oxygen-finmin-says

The market needs oxygen, Finance Minister Constantinos Petrides said Monday, stressing that the least citizens expect from politicians is to reach a consensus in order to support the economy in line with a prudent policy without placing it in further danger....

16. Cabinet approves new bundle of support measures

https://knews.kathimerini.com.cy/en/news/1-cabinet-approves-new-bundle-of-support-measures

The Cabinet on Thursday approved a new bundle of support measures for businesses to keep the economy afloat after the slowdown brought about by the coronavirus outbreak....

17. Coronavirus derails southern Europe's clean-up from the last crisis

https://knews.kathimerini.com.cy/en/news/coronavirus-derails-southern-europe-s-clean-up-from-the-last-crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

18. Over 23,000 applications filed for suspension of loan payments

https://knews.kathimerini.com.cy/en/news/over-23-000-applications-filed-for-suspension-of-loan-payments

More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....

19. Euro zone ministers look for economy quick fixes

https://knews.kathimerini.com.cy/en/news/euro-zone-ministers-look-for-economy-quick-fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

20. Loan payments to be suspended for nine months

https://knews.kathimerini.com.cy/en/news/loan-payments-to-be-suspended-for-nine-months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

21. Government considering to give banks €2b in state guarantees to unlock credit

https://knews.kathimerini.com.cy/en/news/government-considering-to-give-banks-€2b-in-state-guarantees-to-unlock-credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

22. Trump declares coronavirus outbreak a national emergency

https://knews.kathimerini.com.cy/en/news/trump-declares-coronavirus-outbreak-a-national-emergency

President Donald Trump said Friday he was declaring a national emergency -- "two very big words" -- to free up $50 billion in federal resources to combat coronavirus, part of a raft of new measures Trump hopes can bring a roiling health crisis under control....

23. EU to launch €37bn coronavirus investment initiative

https://knews.kathimerini.com.cy/en/news/eu-to-launch-€37bn-coronavirus-investment-initiative

The European Union will launch a 37 billion euro investment initiative as part of a package of measures to cushion the bloc’s economies from the impact of coronavirus, European Commission President Ursula von der Leyen said on Friday....

24. End of 2019 sees historic high in investment funds assets

https://knews.kathimerini.com.cy/en/business/end-of-2019-sees-historic-high-in-investment-funds-assets

Investment funds’ assets reached a historic high at the end of 2019, data released by the Cyprus Central Bank on Thursday showed....

25. Banks must find new profitable products, CBC Governor says

https://knews.kathimerini.com.cy/en/news/banks-must-find-new-profitable-products-cbc-governor-says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

26. Cyprus pays off costly crisis loan early

https://knews.kathimerini.com.cy/en/news/cyprus-pays-off-costly-crisis-loan-early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

27. Central warns banks ‘not to overdo it’

https://knews.kathimerini.com.cy/en/news/central-warns-banks-‘not-to-overdo-it

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...

28. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

29. Hellenic Bank posts profit of €59.1 million in first half of 2019

https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-profit-of-€59-1-million-in-first-half-of-2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

30. Moody's changes Cyprus outlook to positive

https://knews.kathimerini.com.cy/en/news/moody-s-changes-cyprus-outlook-to-positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

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