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12° Nicosia,
29 March, 2024
 

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Displaying results 61-90 of 687 matches for query Banks.

61. Half of Cyprus loans vulnerable to Euribor and ECB rates

https://knews.kathimerini.com.cy/en/news/half-of-cyprus-loans-vulnerable-to-euribor-and-ecb-rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

62. Bank of Cyprus expands with €58M loan acquisition

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-expands-with-€58m-loan-acquisition

Agreement for the Acquisition of a Performing Loan Portfolio. ...

63. AG appeals ruling holding state liable for 2013 Laiki Bank ''haircut''

https://knews.kathimerini.com.cy/en/news/ag-appeals-ruling-holding-state-liable-for-2013-laiki-bank-haircut

The Attorney General of the Republic of Cyprus has filed an appeal challenging a decision by the Limassol District Court dated November 8, 2023....

64. CBC warns of non-performing loan surge amid economic challenges

https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

65. Cyprus and the porn industry: High-tech hub exposed

https://knews.kathimerini.com.cy/en/news/cyprus-and-the-porn-industry-high-tech-hub-exposed

For many years, the Republic of Cyprus, due to its art visa law, served as a hub for white flesh trafficking....

66. Themis Themistocleous signals potential 2024 interest rate cut

https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

67. European data shows low interest payouts by Cypriot banks

https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....

68. Non-performing loans take a €95M dive

https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

69. BOC to revitalize former Orphanides building by 2026

https://knews.kathimerini.com.cy/en/news/boc-revitalizes-former-orphanides-building-in-2026

Thoughts from the past year and a half are taking concrete form for the Bank of Cyprus, particularly concerning its plans for the creation of a new central headquarters (BOC Headquarters - Q H)....

70. Is the digital Euro the ECB's game-changer or a banks' ally?

https://knews.kathimerini.com.cy/en/business/is-the-digital-euro-the-ecb-s-game-changer-or-a-banks-ally

The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....

71. Cypriot bonds hold firm at €6.75 billion amid ECB moves

https://knews.kathimerini.com.cy/en/news/cypriot-bonds-hold-firm-at-€6-75-billion-amid-ecb-moves

As of the end of November, data from the Cypriot Central Bank reveals that the Eurosystem maintained its holdings of Cypriot bonds valued at €6.75 billion...

72. Banks fail Menendez's quiz on $4 billion consumer paybacks

https://knews.kathimerini.com.cy/en/news/banks-fail-menendez-s-quiz-on-$4-billion-consumer-paybacks

In a fiery congressional hearing on Wednesday, Senator Bob Menendez targeted Wall Street's top executives, putting them in the hot seat with a pop quiz on their firms' financial misdeeds....

73. 'Ktrends' survey reveals public dissatisfaction with Cyprus government

https://knews.kathimerini.com.cy/en/business/ktrends-survey-reveals-public-dissatisfaction-with-cyprus-government

In a recent economic survey conducted by ''Kathimerini,'' the fifth wave of ''Ktrends'' highlights notable trends in economic, household, and market dynamics for October 2023. ...

74. Christmas in Europe raises terrorism concerns amid Israel-Hamas conflict

https://knews.kathimerini.com.cy/en/news/christmas-in-europe-raises-terrorism-concerns-amid-israel-hamas-conflict

EU Home Affairs Commissioner Ilva Johansson issued a stark warning about the escalating risk of terrorist attacks in Europe, attributing it to the polarization fueled by the ongoing Israel-Hamas conflict. ...

75. Critical battle looms as Parliament debates foreclosure legislation

https://knews.kathimerini.com.cy/en/news/critical-battle-looms-as-parliament-debates-foreclosure-legislation

Background consultations are in progress to prepare amendments to the legislative package on divestments, set for submission to the Parliament Plenary on Friday for a vote....

76. ''The path to fighting inflation is difficult''

https://knews.kathimerini.com.cy/en/business/the-path-to-fighting-inflation-is-difficult

In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....

77. Mortgage rates soar to 4.91%, deposits decline in October 2023

https://knews.kathimerini.com.cy/en/news/mortgage-rates-soar-to-4-91-deposits-decline-in-october-2023

Mortgage interest rates in Cyprus climbed to 4.91% in October 2023, according to data released by the Central Bank of Cyprus in its November 2023 edition of Monetary and Financial Statistics....

78. Government to appeal Limassol court granting compensation for Laiki Bank depositors

https://knews.kathimerini.com.cy/en/news/government-to-appeal-limassol-court-granting-compensation-for-laiki-bank-depositors

In a significant legal development, the Attorney General of the Republic of Cyprus is set to file an appeal against the recent decision of the Limassol District Court....

79. Bank of Cyprus returns to London for investment talks

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-returns-to-london-for-investment-talks

Just two months after its last visit to the heart of investment interest, the Bank of Cyprus is making waves again in London....

80. Lagarde's stance on cryptos revealed amidst family investment fallout

https://knews.kathimerini.com.cy/en/business/lagarde-s-stance-on-cryptos-revealed-amidst-family-investment-fallout

European Central Bank President Christine Lagarde disclosed that her son experienced significant losses while investing in cryptocurrency, as reported by Reuters on November 24. ...

81. €620M blueprint for transformative projects

https://knews.kathimerini.com.cy/en/news/€620m-blueprint-for-transformative-projects

The overall projects, totaling almost €620 million, are outlined in the Ministry of Internal Affairs Budget....

82. Investors pull $956M from Binance after CEO resigns amid legal woes

https://knews.kathimerini.com.cy/en/business/investors-pull-$956m-from-binance-after-ceo-resigns-amid-legal-woes

In the aftermath of Binance CEO Changping Zhao's resignation and guilty plea, investors withdrew approximately $956 million from the cryptocurrency exchange within the last 24 hours. ...

83. Cyprus gets BBB+ boost in latest ratings, but challenges persist

https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

84. Banks eye over 1 billion euro profits in 2023

https://knews.kathimerini.com.cy/en/news/banks-eye-over-1-billion-euro-profits-in-2023

Cypriot banks, including the Greek bank, are poised to rake in substantial profits for 2023, benefitting from the European Central Bank's interest rate hikes....

85. Hellenic Bank rakes in €240.7M in 2023's first 9 months

https://knews.kathimerini.com.cy/en/news/hellenic-bank-rakes-in-€240-7m-in-2023-s-first-9-months

Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....

86. Creditors dispute foreclosure laws and strategic defaults

https://knews.kathimerini.com.cy/en/news/creditors-dispute-foreclosure-laws-and-strategic-defaults

Creditors reluctantly agree to extend the freeze on main residence foreclosures up to €350k, but tensions arise over proposed legislative changes....

87. Create a 'superministry' to reduce bureaucracy

https://knews.kathimerini.com.cy/en/comment/opinion/create-a-superministry-to-reduce-bureaucracy

In Cyprus, the proliferation of committees, excessive bureaucracy, and overlapping responsibilities of high-ranking officials have reached unprecedented levels, especially when problems are on the rise....

88. ICIJ shakes up European Parliament

https://knews.kathimerini.com.cy/en/news/icij-shakes-up-european-parliament

The findings of the Cyprus Confidential investigation by the International Consortium of Investigative Journalists (ICIJ) will be discussed on Wednesday during the Plenary of the European Parliament which will be held in Strasbourg, in the presence of representatives of the Commission and the Council of the EU....

89. Government prepares compensation relief for clipped depositors

https://knews.kathimerini.com.cy/en/news/government-prepares-compensation-relief-for-clipped-depositors

In a recent press briefing at the Presidential Palace, Government Spokesman Konstantinos Letymbiotis provided crucial updates on the impending compensation for clipped depositors....

90. Cyprus Central Bank challenges court ruling on Laiki Bank 'haircuts'

https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-challenges-court-ruling-on-laiki-bank-haircuts

The Central Bank of Cyprus (CBC) declared on Tuesday its intention to appeal the Limassol District Court's decision favoring the claimant in the Laiki Bank deposit impairment case from 2013....

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