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12° Nicosia,
06 December, 2022
 

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Displaying results 1-30 of 370 matches for query Banks.

1. Hellenic CEO cleared of any wrongdoing

https://knews.kathimerini.com.cy/en/business/hellenic-ceo-cleared-of-any-wrongdoing

Oliver Gatzke, CEO of Hellenic Bank, has not been linked to any suspicious activity, according to the Cyprus Securities and Exchange Commission (CySEC)....

2. €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, ...

3. 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,...

4. Op-ed: The effects of Global warming on banks and insurance companies

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

5. 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. ...

6. 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....

7. '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."...

8. BOC: Profits for first nine months gobbled up by Voluntary Retirement Plan

https://knews.kathimerini.com.cy/en/business/boc-profits-for-first-nine-months-gobbled-up-by-voluntary-retirement-plan

The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....

9. 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....

10. 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. ...

11. 400-500 Hellenic employees to be made redundant

https://knews.kathimerini.com.cy/en/business/400-500-hellenic-employees-to-be-made-redundant

On Monday, November 24th, 400–500 voluntary employees will depart Hellenic Launches; this will be the final shift provided by the bank....

12. 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. ...

13. Looking for a strategy to suspend foreclosure sales

https://knews.kathimerini.com.cy/en/business/looking-for-a-strategy-to-suspend-foreclosure-sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

14. FT: Former PWC Cyprus accountants take on company's Russian clients

https://knews.kathimerini.com.cy/en/news/ft-former-pwc-cyprus-accountants-take-on-company-s-russian-clients

A group of PwC partners has launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four accountants will no longer touch....

15. Bounced checks totaling €47,010 were issued in October

https://knews.kathimerini.com.cy/en/business/bounced-checks-totaling-€47-010-were-issued-in-october

In October 2022, only 32 bounced checks totaling €47,010 were issued, and a total of 20 people were listed on the preliminary list of the Central Information Register (CIR) for bounced checks maintained by the Central Bank of Cyprus (CBC). Thirteen of the twenty were natural persons, and seven were legal entities....

16. Loans are increasing as interest rates rise

https://knews.kathimerini.com.cy/en/business/loans-are-increasing-as-interest-rates-rise

New loans provided by Cypriot banks rose by €217 million in September compared with August, driven mainly upwards by corporate loans over €1 million which rose by 127.6 million....

17. People with a history of cancer will be eligible for insurance benefits

https://knews.kathimerini.com.cy/en/news/people-with-a-history-of-cancer-will-be-eligible-for-insurance-benefits

Following an agreement reached on Thursday afternoon and announced by Health Minister Michael Hadjipantelas, people with a history of cancer will now be able to receive benefits from insurance companies as of January 1, 2023....

18. ECB raises interest rates by 0.75%.

https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-by-0-75

The European Central Bank recently decided to raise interest rates by 0.75%. This is the third consecutive increase (a 2% increase overall), and the base rate will now be 2%. The interest rate at which banks accept deposits has risen from 0.75% to 1.5%....

19. Cyprus has come a long way in restoring reputation over anti-money laundering issues

https://knews.kathimerini.com.cy/en/business/cyprus-has-come-a-long-way-in-restoring-reputation-over-anti-money-laundering-issues

The Republic of Cyprus has come a long way in dealing with anti-corruption and Anti-money laundering (AML) issues, making important strides in restoring the Republic of Cyprus’ reputation, said US Ambassador to Cyprus, Judith Garber speaking on Tuesday at EY’s Cyprus Attractiveness Forum....

20. Bank deposits climb to a nine-year high

https://knews.kathimerini.com.cy/en/news/bank-deposits-climb-to-a-nine-year-high

Deposits in the Cypriot banking system climbed to a nine-year high in September, while total loans continued their downward path, declining in a five-month low, boosting liquidity in the system to over €23 billion....

21. Greece, Turkey at it again over shocking refugee photo

https://knews.kathimerini.com.cy/en/news/greece-turkey-at-it-again-over-buck-naked-refugees

A shocking image of fully naked refugees picked up by Greek police has puzzled officials and the media, with Athens pointing the finger at Turkish authorities and Ankara firing back accusing Greece of covering up human rights violations...

22. Cyprus is bursting, like a fat guy out of his leotard

https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-cyprus-is-bursting-like-a-fat-guy-out-of-his-leotard

Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances and creating polarised communities. A bit dramatic? Let’s see....

23. Banking sector to cut 600 more employees

https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees

The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....

24. The ECB's next steps were documented in Limassol

https://knews.kathimerini.com.cy/en/business/the-ecb-s-next-steps-were-documented-in-limassol

The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period. ...

25. Hellenic's CEO suspended pending investigation

https://knews.kathimerini.com.cy/en/business/hellenic-s-ceo-suspended-pending-investigation

Hellenic Bank CEO Oliver Gatske has been suspended from his duties until it is determined whether specific allegations involving inducements to Hellenic employees to buy shares in the bank are valid....

26. How much loan can a couple with an income of €2,000 get?

https://knews.kathimerini.com.cy/en/news/how-much-loan-can-a-couple-with-an-income-of-€2-000-get

Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....

27. The future of the banking sector is digital, green and social

https://knews.kathimerini.com.cy/en/news/the-future-of-the-banking-sector-is-digital-green-and-social

The future of the banking sector is digital, green and social, said the participants at the 3rd online FMW Conference, titled "Banking System: New Challenges and Opportunities". The Conference also highlighted the contrast between trying to tame inflation by raising interest rates and supporting vulnerable groups to avoid social unrest....

28. The heart of the ECB beats in Cyprus

https://knews.kathimerini.com.cy/en/business/the-heart-of-the-ecb-beats-in-cyprus

The second consecutive visit of European Central Bank President Christine Lagarde in 2022 is certainly semantic. Apart from the visibility of Cyprus being the first visit by Central Bank Governors as part of the decision to visit a country on an annual basis to hold one of their meetings, two other readings emerge....

29. Loan interest rates rise for a second consecutive month

https://knews.kathimerini.com.cy/en/business/loan-interest-rates-rise-for-a-second-consecutive-month

Lending interest rates in Cyprus rose for a second consecutive month in August, with credit institutions pricing rate hikes by the European Central Bank and increased credit risk due to uncertainty and inflation pressures fuelled by the war in Ukraine....

30. New loans drop in August for the second month in a row

https://knews.kathimerini.com.cy/en/news/new-loans-drop-in-august-for-the-second-month-in-a-row

Net new lending granted by Cyprus Banks fell in August by €182.3 million, recording a decrease for the second month in a row....

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