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28 March, 2024
 

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Displaying results 91-120 of 687 matches for query Banks.

91. BOC reports €349M in profits, plans employee bonuses for 2024

https://knews.kathimerini.com.cy/en/news/boc-reports-€349-million-in-profits-plans-employee-bonuses-for-2024

In a significant financial turnaround, Bank of Cyprus reported a notable profit of €349 million for the nine months ending September 30, 2023, marking a substantial improvement from the €19 million loss in the same period last year. ...

92. Eurozone economic snapshot - November 13, 2023

https://knews.kathimerini.com.cy/en/business/eurozone-economic-snapshot-november-13-2023

Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....

93. Elizabeth McCaul unveils hidden financial dangers

https://knews.kathimerini.com.cy/en/news/elizabeth-mccaul-unveils-hidden-financial-dangers

A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....

94. Central banks across Europe hold firm amidst rate cut speculations

https://knews.kathimerini.com.cy/en/news/central-banks-across-europe-hold-firm-amidst-rate-cut-speculations

Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...

95. Why Astrobank and CDB bank couldn’t agree on a price

https://knews.kathimerini.com.cy/en/news/why-astrobank-and-cdb-bank-couldn-t-agree-on-a-price

The deal between Astrobank and CDB Bank fell apart over a few million euros, even though they had given a "reason" and had agreed on the price in September 2023....

96. Russian depositor triumphs over Laiki bank's 2013 haircut

https://knews.kathimerini.com.cy/en/news/russian-depositor-triumphs-over-laiki-bank-s-2013-haircut

The Legal Service, on behalf of the Republic of Cyprus and the Central Bank of Cyprus (CBC), will appeal the decision of the Limassol District Court, which awarded compensation to a depositor of the former Laiki Bank for the 2013 deposit haircut, according to CNA....

97. Rising number of bounced checks a growing concern

https://knews.kathimerini.com.cy/en/news/rising-number-of-bounced-checks-a-growing-concern

A total of 36 bad cheques, worth €566,732, were issued in October 2023, with 21 persons (14 legal entities and 7 natural persons) being registered in the preliminary list of the Central Information Register for the Issuers of Dishonoured Cheques (CIR), maintained by the Central Bank of Cyprus (CBC)....

98. Cyprus banks bracing for profit squeeze according to Moody's

https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....

99. Will foreclosures plague 2023?

https://knews.kathimerini.com.cy/en/news/will-foreclosures-plague-2023

There is a race against time, with only a few weeks left to address the issue of foreclosures and enhance the framework....

100. From ill-considered posts to digital faux pas

https://knews.kathimerini.com.cy/en/comment/opinion/from-ill-considered-posts-to-digital-faux-pas

In the Cypriot digital political arena of Facebook, Twitter, Instagram, and lately, TikTok, national anniversaries, the Cyprus issue, and other significant events in a historical context or related to tumultuous international developments have perennially been fertile ground for blunders. ...

101. Bank of Cyprus and Hellenic Bank upgraded by Fitch

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch

Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....

102. Fitch upgrades Hellenic's long-term rating to ''BB+'' with stable outlook

https://knews.kathimerini.com.cy/en/news/fitch-upgrades-hellenic-s-long-term-rating-to-bb-with-stable-outlook

In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...

103. Hellenic employees want share of bank's excess profits

https://knews.kathimerini.com.cy/en/news/hellenic-employees-want-share-of-bank-s-excess-profits

The Cyprus Bank Employees' Union (CBCU) has called for a three-hour work stoppage at all Hellenic Banks on Monday, November 6, 2023, from 3:00 p.m. to 6:00 p.m....

104. Will Czech Republic embrace the euro?

https://knews.kathimerini.com.cy/en/news/will-czech-republic-embrace-the-euro

Despite being part of the European Union for nearly two decades, the Czech Republic remains staunchly opposed to adopting the euro as its official currency. ...

105. Cyprus records €253.8M in new loans for September 2023

https://knews.kathimerini.com.cy/en/news/cyprus-records-€253-8m-in-new-loans-for-september-2023

Pure new loans in September 2023 increased to €253.8 million compared to €207 million in August 2023, according to the latest data released by the Central Bank of Cyprus on Thursday. ...

106. No foreclosures on first homes until the end of 2023

https://knews.kathimerini.com.cy/en/news/no-foreclosures-on-first-homes-until-the-end-of-2023

In a development concerning foreclosures, four months after the summer 2023 decisions, the data remains unchanged. Banks and credit redemption companies have been urged to provide a two-month grace period for first homes and properties up to 350 thousand euros. ...

107. Freeze on home foreclosures likely to continue

https://knews.kathimerini.com.cy/en/news/freeze-on-home-foreclosures-likely-to-continue

As the year comes to a close, it seems likely that the freeze on foreclosures of primary homes valued up to €350k will be extended....

108. UN warns of potential war crimes amid Israel-Gaza violence surge

https://knews.kathimerini.com.cy/en/news/un-warns-of-potential-war-crimes-amid-israel-gaza-violence-surge

The United Nations has warned that there was “clear evidence” that war crimes may have been committed in “the explosion of violence in Israel and Gaza”....

109. Key economic issues dominate the headlines

https://knews.kathimerini.com.cy/en/news/key-economic-issues-dominate-the-headlines

Despite various actions taken and a decrease in inflation, there are worries about the central bank's ability to achieve its goals. Some experts suggest that the target of 2% price growth, ...

110. KEDIPES calls for stability in foreclosure framework to safeguard borrowers' homes

https://knews.kathimerini.com.cy/en/business/kedipes-calls-for-stability-in-foreclosure-framework-to-safeguard-borrowers-homes

Lambros Papadopoulos, Chairman of the Board of Directors of KEDIPES (Cyprus Asset Management Company), emphasized the importance of maintaining consistency in the 2018 divestment framework within the Parliament....

111. ECB maintains interest rates amid tightening impact

https://knews.kathimerini.com.cy/en/business/ecb-maintains-interest-rates-amid-tightening-impact

The European Central Bank (ECB) has opted to maintain interest rates unchanged for the first time in over a year, marking a shift following 10 consecutive rate hikes. ...

112. Tightened lending criteria and reduced loan demand in Q2 2023

https://knews.kathimerini.com.cy/en/news/tightened-lending-criteria-and-reduced-loan-demand-in-q2-2023

During the second quarter of 2023, lending criteria for both businesses and households in Cyprus remained stringent, with banks exercising caution....

113. Cyprus deposits bounce back with €87.7 million growth

https://knews.kathimerini.com.cy/en/news/cyprus-deposits-bounce-back-with-€87-7-million-growth

Total deposits recorded a noteworthy uptick in September 2023, rebounding from two consecutive months of decline, according to data released Wednesday by the Central Bank of Cyprus....

114. KEDIPES prepares 60 million euro 'Mortgage-to-Rent' initiative

https://knews.kathimerini.com.cy/en/news/kedipes-prepares-60-million-euro-mortgage-to-rent-initiative

The sale of primary residences worth up to 350 thousand euros faces a potential new suspension. As of the end of October, no additional steps have been taken regarding divestments....

115. ECOMMBX: A Platform to rule them all

https://knews.kathimerini.com.cy/en/business/ecommbx-a-platform-to-rule-them-all

From Day One, ECOMMBX was determined to develop the most powerful electronic payments systems, capable of offering customers seamless cross-border transactions. ...

116. Central Bank's remote ID project to take off

https://knews.kathimerini.com.cy/en/news/central-bank-s-remote-id-project-to-take-off

The Central Bank of Cyprus (CBC) has officially announced that it has signed an agreement to start the Digital On-boarding project for remote customer identification. The agreement was signed between the CBC and the appointed consortium....

117. ECB set to keep rates steady, says Central Bank of Cyprus governor

https://knews.kathimerini.com.cy/en/news/ecb-set-to-keep-rates-steady-says-central-bank-of-cyprus-governor

No interest hikes are expected in the next European Central Bank Governing Council meeting, as the latest available recent data suggest that the ECB rates have reached a level that, if maintained, will contribute to the return of inflation to the medium-term target of 2%, Constantinos Herodotou, Governor of the Central Bank of Cyprus and ECB Governing Council member told CNA on Wednesday....

118. Suspense builds as foreclosure deadline nears, and creditors seek solutions

https://knews.kathimerini.com.cy/en/news/suspense-builds-as-foreclosure-deadline-nears-and-creditors-seek-solutions

Cyprus is nearing the end of the suspension of divestments of primary residences worth up to 350 thousand euros, but a solution remains elusive regarding open funds tied to the divestment framework. ...

119. Acquisition talks between Astrobank and CDB Bank heat up

https://knews.kathimerini.com.cy/en/news/acquisition-talks-between-astrobank-and-cdb-bank-heat-up

As of the beginning of the week, high-ranking officials from both banks had a meeting to discuss transaction details and the way forward....

120. Israeli-Hamas war puts Cyprus and Egypt at forefront of credit risks

https://knews.kathimerini.com.cy/en/news/israeli-hamas-war-puts-cyprus-and-egypt-at-forefront-of-credit-risks

Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm....

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