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12° Nicosia,
19 March, 2024
 

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Displaying results 1-30 of 678 matches for query Banks.

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

https://knews.kathimerini.com.cy/en/business/greek-and-cypriot-banks-forge-partnerships-for-regional-infrastructure-projects

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

2. KEDIPES successfully sells €58.4M portfolio to reduce debt

https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt

The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....

3. Eurobank expands to India via Cyprus

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

4. Cyprus praises EU financial plan for 2025

https://knews.kathimerini.com.cy/en/news/cyprus-praises-eu-financial-plan-for-2025

The joint statement on the orientation of the eurozone’s fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister for Finance Makis Keravnos said in Brussels, where he was attending the meeting of the Eurogroup on Monday....

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

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

6. Cyprus: A familiar economic space for Greece

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

7. Eurobank Cyprus reports €199.4M profits in 2023

https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€199-4m-profits-in-2023

Eurobank Cyprus unveiled its financial results for 2023, boasting a profit of €199.4 million, marking a significant increase of €105.1 million or 111% compared to 2022. ...

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

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

9. March Newsletter of K. Treppides & Co Ltd: Financial Conduct Authority

https://knews.kathimerini.com.cy/en/business/march-newsletter-of-k-treppides-co-ltd-financial-conduct-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. ...

10. Deposit rates down, mortgage rates up

https://knews.kathimerini.com.cy/en/news/deposit-rates-down-mortgage-rates-up

Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....

11. EY survey: Cybersecurity tops global CROs' concerns

https://knews.kathimerini.com.cy/en/business/ey-survey-cybersecurity-tops-global-cros-concerns

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

12. What role do banks ultimately play?

https://knews.kathimerini.com.cy/en/comment/opinion/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, ...

13. Trial begins for Turkish Cypriot lawyer in property usurpation case

https://knews.kathimerini.com.cy/en/news/trial-begins-for-turkish-cypriot-lawyer-in-property-usurpation-case

The legal proceedings involving Turkish Cypriot lawyer Akan Kıursat, accused of usurping Greek Cypriot property, continued today at the Nicosia District Court....

14. Bitcoin surpasses $57,000 on ETF boost and corporate investments

https://knews.kathimerini.com.cy/en/business/bitcoin-surpasses-$57-000-on-etf-boost-and-corporate-investments

Bitcoin reached a milestone, surpassing $57,000, driven by increasing demand from exchange-traded funds (ETFs) and corporate investments, notably by MicroStrategy. ...

15. Cypriots saving less as loan numbers fluctuate

https://knews.kathimerini.com.cy/en/news/cypriots-saving-less-as-loan-numbers-fluctuate

In January 2024, the total deposits in Cyprus reached €51.9 billion, experiencing a net decrease of €366.0 million compared to the previous month....

16. Cyprus banks push for green standards with ESG certification

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

17. Hellenic Bank posts impressive 2023 profit of €365.4 million

https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-impressive-2023-profit-of-€365-4-million

Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....

18. Greek government to sell its stake in Piraeus Bank, anticipates high demand

https://knews.kathimerini.com.cy/en/news/greek-government-to-sell-its-stake-in-piraeus-bank-anticipates-high-demand

Greece will proceed with the complete divestment of the state from Piraeus Bank with the disposition of the 27% it controls through the Hellenic Financial Stability Fund (HFSF)....

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

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

20. Cyprus economy 2024: Ktrends reveals challenges and successes

https://knews.kathimerini.com.cy/en/news/cyprus-economy-2024-ktrends-reveals-challenges-and-successes

Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...

21. EC approves interest subsidy scheme for housing loans

https://knews.kathimerini.com.cy/en/news/ec-approves-interest-subsidy-scheme-for-housing-loans

In a significant development, the European Commission's DG Competition has approved an interest subsidy scheme aimed at housing loans in Cyprus....

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

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

23. Cyprus adapts to changing seas

https://knews.kathimerini.com.cy/en/news/cyprus-adapts-to-changing-seas

In response to European sanctions on Russian shipping companies based in Cyprus and developments in the Mediterranean and the Red Sea, Cyprus is actively seeking to attract new companies from different markets....

24. Bank of Cyprus posts nearly half a billion euro profit in 2023

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-nearly-half-a-billion-euro-profit-in-2023

Bank of Cyprus reported a robust profit of €487 million for the fiscal year 2023, as announced by Group CEO Panicos Nikolaou during the presentation of the bank's financial results....

25. Banks urged to accelerate loan restructurings

https://knews.kathimerini.com.cy/en/news/banks-urged-to-accelerate-loan-restructurings

The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....

26. Department faces 2,000 backlogged refugee applications due to understaffing

https://knews.kathimerini.com.cy/en/news/department-faces-2-000-backlogged-refugee-applications-due-to-understaffing

In February 2024, the Service for the Care and Rehabilitation of Displaced Persons (YMAPE) revealed a backlog of 2,000 pending applications, citing understaffing issues. ...

27. Spanish banks wary of Cypriot student accounts

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

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

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

29. Parliament passes law to remove property restrictions in Occupied Areas

https://knews.kathimerini.com.cy/en/news/parliament-passes-law-to-remove-property-restrictions-in-occupied-areas

In a unanimous decision, the Plenary Session of the Greek Parliament passed a law abolishing the right of encumbrance of ''memorandum'' on properties held by banks and credit acquisition companies, located in the occupied territories. ...

30. Turkish Cypriot lawyer released on bail pending trial

https://knews.kathimerini.com.cy/en/news/turkish-cypriot-lawyer-released-on-bail-pending-trial

Akan Kürşat, a Turkish Cypriot lawyer extradited by Italian authorities on charges of usurping Greek Cypriot property in the occupied territories, has been released on conditions pending his case hearing on February 29 at 10:30 am....

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