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91. Patsalides steps up as Central Bank Governor

President Nikos Christodoulides, exercising his constitutional powers, has decided to appoint Dr. Christodoulos Patsalides as the Governor of the Central Bank of Cyprus....

92. Green Agenda Summit gears up for May 20

Digital Agenda Cyprus Summit and the KATHIMERINI newspaper are proud to present the organization of the "Green Agenda Cyprus Summit" on May 20....

93. Fortifying digital banks and battling cyber threats

The period we are going through raises serious concerns about the security of critical digital infrastructures. Among these, the most significant are those of banks, and in this direction...

94. Countdown begins for next Cyprus Central Bank Governor

As the clock ticks towards the end of Mr. Konstantinos Herodotou's tenure on April 11, all eyes are on the impending announcement of his successor by President Nikos Christodoulides. ...

95. Cyprus Central Bank holds 1% buffer rate to safeguard banks

The Central Bank of Cyprus (CBC) has maintained the countercyclical buffer (CCyB) rate to be observed by commercial banks at 1%, with effect as of June 2, 2024....

96. Cyprus' economic resilience earns high credit rating confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

97. Who will lead Cyprus' Central Bank?

An intense behind-the-scenes battle is unfolding regarding the future of Cyprus' central banker as the term of the current governor, Constantinos Herodotos, draws to a close in less than 20 days....

98. Lather, rinse, repeat

Everywhere we turn in Cyprus, the specter of money laundering looms large. It was an open secret for years that our banking system was complicit, resulting in repercussions from foreign authorities....

99. Greek and Cypriot banks forge partnerships for regional infrastructure projects

The Cypriot banking sector is poised to support significant projects with regional geopolitical implications....

100. Eurobank expands to India via Cyprus

Eurobank, a leading Greek financial institution, is poised to establish a representative office in Mumbai, India's bustling financial hub, signaling its strategic foray into the Indian market. ...

101. The Green Agenda Cyprus Summit on May 20th

Digital Agenda Cyprus Summit and the KATHIMERINI newspaper are proud to present the organization of the "Green Agenda Cyprus Summit" on May 20....

102. Eurobank eyes support for internet cable connecting Europe and Asia

Eurobank, initially hesitant about financing the East to Med Data Corridor (EMC) cable system, is now contemplating entering the second round of funding for the mega project....

103. Cyprus: A familiar economic space for Greece

In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....

104. KEDIPES preps for major loan sell-off, boosting Cyprus banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

105. Central Bank predicts 2.2% GDP growth in 2023

The Central Bank of Cyprus (CBC) expects GDP growth of 2.2% in 2023, compared to significant growth of 5.1% in 2022, while for the years 2024-26 it expects GDP growth of 2.6%, 3.1% and 3.2%, respectively....

106. EY survey: Cybersecurity tops global CROs' concerns

EY Global Bank Risk Survey 2023 finds CRO role has expanded and evolved....

107. What role do banks ultimately play?

Are banks merely financial entities providing a range of services to the public and businesses, solely driven by profit for shareholders? Banks serve as the heart of our economic and social systems, ...

108. February Newsletter of K. Treppides & Co Ltd: European Banking Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. A newsletter issue from Treppides is an essential tool for those who are engaged in the broader financial and business sector, as one can find through the pages all the important and current developments, as well as the latest news relating to financial, audit and assurance, tax as well as legal services....

109. Prominent financier Lord Jacob Rothschild dead at 87

Financier and member of the Rothschild banking family, Lord Jacob Rothschild, has died at the age of 87, his family has announced....

110. CEOs globally forecast increase in revenues, profits and deal making in 2024, as business transformation moves up the agenda

CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....

111. Cyprus banks push for green standards with ESG certification

Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance) criteria. ...

112. Phone ringing, debt ignored: Cyprus faces loan repayment hurdles

Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....

113. Cyprus emerges as key hub for EMC project with $300 Million Funding

The EMC cable aims to connect Europe with Saudi Arabia, with construction slated to begin in the summer of 2024...

114. Spanish banks wary of Cypriot student accounts

The impact of Cyprus being deemed a high-risk destination continues to reverberate even in European Union countries, with remnants of its troubled past lingering....

115. Cyprus to roll out 10-second euro transfers across banks

Over the next 18 months, Cyprus is poised to revolutionize money transfers, promising seamless transactions within 10 seconds from bank to bank....

116. Moody's sees positive shift in Cyprus economy

In a webinar panel discussion hosted by the Cyprus Economic Society, Haiko Peters, Vice President and Senior Analyst at Moody's Sovereign Risk Group, emphasized sustained improvements in the Cypriot economy....

117. Bank of Spain governor to engage in economic talks with Cyprus officials

118. Interest rates extended, borrowers face dilemma

Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....

119. January Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

120. Deal in the works for CNP Cyprus

The subsidiary of the French insurance giant CNP Assurances, CNP Cyprus Insurance Holdings, is currently in discussions for a potential change in ownership. ...