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12° Nicosia,
29 March, 2024
 

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Displaying results 91-120 of 475 matches for query Banking.

91. payabl. backs fastest growing tech event in Cyprus

https://knews.kathimerini.com.cy/en/business/payabl-backs-fastest-growing-tech-event-in-cyprus

payabl. announced as the Platinum Partner for Reflect Festival 2023...

92. Potential bank tax discussed amidst rate dissatisfaction

https://knews.kathimerini.com.cy/en/news/bank-tax

Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....

93. Eurobank acquires 17.3% stake in Hellenic Bank for €167.9 million

https://knews.kathimerini.com.cy/en/news/eurobank-acquires-17-3-stake-in-hellenic-bank-for-€167-9-million

The Eurobank has agreed to acquire an additional stake of around 17.3% (equivalent to 71,428,572 shares) in the Hellenic Bank at a total price of 167.9 million euros, or 2.35 euros per share. ...

94. Brexit: 7,000 finance Jobs moved overseas

https://knews.kathimerini.com.cy/en/news/brexit-7-000-finance-jobs-moved-overseas

Dublin, Frankfurt and Paris are vying for a share of the financial services markets once dominated by London....

95. Bank of Ireland glitch turns 'no funds' into a cash fiesta

https://knews.kathimerini.com.cy/en/news/bank-of-ireland-glitch-turns-no-funds-into-a-cash-fiesta

Bank of Ireland is facing a crisis after thousands of customers descended on ATMs yesterday evening attempting to take advantage of a major IT glitch....

96. Record surge in loan renegotiations amidst rising interest rates

https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

97. Electrifying Cyprus: Only 2.5K EVs drive the change

https://knews.kathimerini.com.cy/en/news/electrifying-cyprus-only-2-5k-evs-drive-the-change

A total of 26,462 vehicles have been registered with the Department of Road Transport between January and July 2023, according to the most recent data released by the Department of Statistics. Out of the overall new registrations, 701 were electric vehicles, with 502 of them being private saloon cars....

98. Italy surprises banks with 40% windfall tax

https://knews.kathimerini.com.cy/en/business/italy-surprises-banks-with-40-windfall-tax

Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...

99. Eurobank Cyprus reports soaring profits amid rising interest rates

https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

100. CEO of Hellenic Bank placed on leave

https://knews.kathimerini.com.cy/en/news/ceo-of-hellenic-bank-placed-on-leave

The Hellenic Bank's CEO, Oliver Gatzke, has been placed on mandatory leave with full pay after informing the bank of his decision to terminate his employment contract, effective from July 22, 2024, when the contract was due to expire....

101. Cyprus banks witness €52.3B growth

https://knews.kathimerini.com.cy/en/news/cyprus-banks-witness-€52-3b-growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

102. Uber driver saves over $1,000 monthly with Tesla

https://knews.kathimerini.com.cy/en/news/uber-driver-saves-over-$1-000-monthly-with-tesla

Wesley Johnson, 64, uses the income he earns as a San Francisco Uber driver to offer some financial support to his four children and seven grandchildren. ...

103. NPL crisis highlights tug of war between borrowers and legislation

https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

104. Banking on success: Greek and Cypriot banks show remarkable credit improvement

https://knews.kathimerini.com.cy/en/business/fitch

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

105. Philippos Soseilos: Significant investment opportunities in Cyprus

https://knews.kathimerini.com.cy/en/business/philippos-soseilos-significant-investment-opportunities-in-cyprus

106. Shazam founder at the Digital Agenda Cyprus Summit '23

https://knews.kathimerini.com.cy/en/news/shazam-founder-at-the-digital-agenda-cyprus-summit-23

Dhiraj Mukherjee, the co-founder of Shazam Entertainment, pioneered the development of the world's first mobile phone-based music recognition service. This groundbreaking technology caught the attention of Apple, leading to its acquisition in 2017 for a staggering $400 million....

107. EY Cyprus announces five new partners

https://knews.kathimerini.com.cy/en/business/ey-cyprus-announces-five-new-partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

108. Rising scams in Cyprus

https://knews.kathimerini.com.cy/en/news/rising-scams-in-cyprus

Telephone and online scams are on the rise in Cyprus, targeting vulnerable elderly individuals and attempting to swindle their hard-earned money....

109. Loan demand in Cyprus falls, interest rates rise

https://knews.kathimerini.com.cy/en/news/loan-demand-in-cyprus-falls-interest-rates-rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

110. High stakes for Cyprus at Vilnius and New York

https://knews.kathimerini.com.cy/en/news/high-stakes-for-cyprus-at-vilnius-and-new-york

All eyes are turned towards Vilnius, Lithuania, and the NATO Summit, as the negotiation deadlock between Turkey and the West, with Sweden's accession to the Alliance in the background, largely determines Erdogan's grid of relations with NATO and the EU in the coming months. ...

111. Cyprus unveils culinary brilliance at Gastronomos Awards

https://knews.kathimerini.com.cy/en/news/cyprus-unveils-culinary-brilliance-at-gastronomos-awards

The anticipation reached a fever pitch as Cyprus braced itself for the grand culmination of the year-long journey celebrating its prodigious producers....

112. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

https://knews.kathimerini.com.cy/en/news/interest-rate-increases-boost-cypriot-banks-2022-profits-to-€177-million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

113. Experts to take charge of high-profile corruption cases

https://knews.kathimerini.com.cy/en/news/experts-to-take-charge-of-high-profile-corruption-cases

The Anti-Corruption Authority has initiated investigations and assessments of the complaints it has received....

114. MPs move forward with divestment changes

https://knews.kathimerini.com.cy/en/news/mps-move-forward-with-divestment-changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

115. Total loans increase by €71 million, reaching €24.4 billion

https://knews.kathimerini.com.cy/en/news/total-loans-increase-by-€71-million-reaching-€24-4-billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

116. Cyprus banks to double net interest income in Q1 2023

https://knews.kathimerini.com.cy/en/news/cyprus-banks-to-double-net-interest-income-in-q1-2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

117. Nicosia attracts millions in investment opportunities

https://knews.kathimerini.com.cy/en/business/nicosia-attracts-millions-in-investment-opportunities

A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...

118. Cyprus economy thrives: FinMin foresees robust growth and fiscal stability

https://knews.kathimerini.com.cy/en/news/cyprus-economy-thrives-finmin-foresees-robust-growth-and-fiscal-stability

During the 2023 Annual General Meeting of the Cyprus Bankers Association, the Minister of Finance, Mr. Makis Keravnos, discussed the current state and future prospects of the Cyprus economy, particularly focusing on the banking sector. ...

119. Christodoulides' pledge to safeguard Cyprus' reputation

https://knews.kathimerini.com.cy/en/news/christodoulides-pledge-to-safeguard-cyprus-reputation

President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....

120. Former US-based bank executive to lead Turkey's Central Bank

https://knews.kathimerini.com.cy/en/news/former-us-based-bank-executive-to-lead-turkey-s-central-bank

Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....

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