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12° Nicosia,
29 March, 2024
 

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Displaying results 121-150 of 687 matches for query Banks.

121. ECB keeps watchful eye on non-performing loans

https://knews.kathimerini.com.cy/en/business/ecb-keeps-watchful-eye-on-non-performing-loans

The European Central Bank (ECB) is closely monitoring non-performing loans (NPLs) and related legislation, including the divestment framework. ...

122. Eurobank goes independent

https://knews.kathimerini.com.cy/en/business/eurobank-goes-independent

Eurobank Ergasias Services and Holdings SA has announced the repurchase of a total of 52.08 million shares previously held by the Financial Stability Fund, making it the first Greek systemic bank without state participation in its share capital following the 2010 crisis....

123. ECB VP says interest rate cuts premature

https://knews.kathimerini.com.cy/en/business/ecb-vp-says-interest-rate-cuts-premature

In an interview with CNA, Louis de Guindos, Vice President of the European Central Bank, expressed that discussions regarding interest rate cuts are premature....

124. ECB VP praises Cyprus' economic turnaround

https://knews.kathimerini.com.cy/en/news/ecb-vp-praises-cyprus-economic-turnaround

ECB Vice-President Luis de Guindos praised Cyprus for its remarkable economic improvement and recent upgrades by two rating agencies during a meeting with Cyprus Central Bank Governor Constatinos Herodotou in Nicosia. The officials emphasized the strengthening collaboration between Cyprus and the ECB....

125. Cyprus banks secure Moody's upgrade to investment status

https://knews.kathimerini.com.cy/en/news/cyprus-banks-secure-moody-s-upgrade-to-investment-status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

126. Moody's boosts Bank of Cyprus and Hellenic Bank ratings to Baa2

https://knews.kathimerini.com.cy/en/news/moody-s-boosts-bank-of-cyprus-and-hellenic-bank-ratings-to-baa2

Moody’s Investors Service has upgraded Bank of Cyprus’ and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the continued resilience of the Cypriot economy and credit conditions, which are leading to supportive operating conditions for Cypriot banks....

127. ECB VP Luis de Guindos to address inflation and monetary policy in Cyprus

https://knews.kathimerini.com.cy/en/news/ecb-vp-luis-de-guindos-to-address-inflation-and-monetary-policy-in-cyprus

European Central Bank Vice - President, Luis de Guindos, is scheduled to visit Cyprus on Wednesday, at the invitation of the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou....

128. Inflation fears and green investments

https://knews.kathimerini.com.cy/en/business/inflation-fears-and-green-investments

The European Central Bank (ECB) has revised its inflation forecast upward, now predicting that inflation will reach 5.6% in 2023 and 3.2% in 2024. ...

129. Cyprus banks' net interest income doubles amid ECB rate hikes

https://knews.kathimerini.com.cy/en/business/cyprus-banks-net-interest-income-doubles-amid-ecb-rate-hikes

The Cypriot banking system's net interest income (NII) saw a remarkable doubling in the first half of 2023, marking an annual increase of 100%, primarily due to the ongoing rate hikes by the European Central Bank (ECB) aimed at tackling rising inflation....

130. CBC Governor Herodotou reveals breakthrough in digital finance

https://knews.kathimerini.com.cy/en/news/cbc-governor-herodotou-reveals-breakthrough-in-digital-finance

The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....

131. Loans gain €8.5 million momentum

https://knews.kathimerini.com.cy/en/news/loans-gain-€8-5-million-momentum

Total loans in August recorded a net increase of €8.5 million, following a significant decrease of €100 million the previous month. Meanwhile, for a second consecutive month, deposits saw a net decrease, amounting to €175.5 million....

132. Trump ''freaks out'' in response to fraud ruling

https://knews.kathimerini.com.cy/en/news/trump-freaks-out-in-response-to-fraud-ruling

Soon after New York Judge Arthur Engoron found Donald Trump and his adult sons liable for fraud and canceled the Trump Organization’s business certification on Tuesday, the disgraced former president freaked out about it in a lengthy all-caps rant on Truth Social that he appeared to have originally written yesterday....

133. Hellenic Bank cuts fees for customers

https://knews.kathimerini.com.cy/en/business/hellenic-bank-cuts-fees-for-customers

Hellenic Bank is taking steps to enhance its services and support its customers. Mr. Phoebus Stasopoulos, the Senior Banking Manager of Hellenic Bank, announced the expansion of the limit for free SEPA transfers through Online Banking....

134. Bank of Cyprus woos investors at London conference

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-woos-investors-at-london-conference

Last week, the Bank of Cyprus launched a series of engagements with investors, with a particular focus on attracting new stakeholders. This initiative took place during the BofA Merrill Lynch conference, notably at the Annual Financials CEO Conference held in London from last Tuesday to Thursday. ...

135. Keravnos expects more from banks to boost Cyprus economy

https://knews.kathimerini.com.cy/en/news/keravnos-expects-more-from-banks-to-boost-cyprus-economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

136. TechIsland Summit 2023: Cyprus on the fast track of becoming a tech island

https://knews.kathimerini.com.cy/en/business/techisland-summit-2023-cyprus-on-the-fast-track-of-becoming-a-tech-island

TechIsland held its annual TechIsland Summit within the framework of the Reflect Festival on 20 September 2023....

137. Eurobank to acquire Hellenic Financial Stability Fund stake

https://knews.kathimerini.com.cy/en/business/eurobank-to-acquire-hellenic-financial-stability-fund-stake

Eurobank Ergasias Services and Holdings S.A. has recently inked a conditional sale and purchase agreement with the Hellenic Financial Stability Fund. This agreement entails the acquisition of the Fund's entire stake in Eurobank's share capital....

138. SYPRODAT and Government join forces to end non-performing loans

https://knews.kathimerini.com.cy/en/news/syprodat-and-government-join-forces-to-end-non-performing-loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

139. Banks to prioritize elderly and disabled clients

https://knews.kathimerini.com.cy/en/news/banks-to-prioritize-elderly-and-disabled-clients

Starting from next Monday, September 25th, bank branches in Cyprus will be introducing a new priority service policy aimed at benefiting individuals with disabilities and those aged 75 and above, as announced by the Association of Banks of Cyprus....

140. Musk's Neuralink calling for human test subjects

https://knews.kathimerini.com.cy/en/business/musk-s-neuralink-calling-for-human-test-subjects

Elon Musk’s controversial biotechnology startup Neuralink opened up recruitment for its first human clinical trial Tuesday, according to a company blog....

141. Liquidity cover hits 318% in banking

https://knews.kathimerini.com.cy/en/news/liquidity-cover-hits-318-in-banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

142. Bank refunds $500,000 to elderly customer

https://knews.kathimerini.com.cy/en/news/bank-refunds-$500-000-to-elderly-customer

From Australia comes a story of corporate responsibility in the face of personal tragedy as an elderly national bank depositor had nearly AUD$500,000 returned to him out of the bank’s own pockets. ...

143. Borrowers in a high-stakes game of loan roulette

https://knews.kathimerini.com.cy/en/business/borrowers-in-a-high-stakes-game-of-loan-roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

144. US plane brings captives back home

https://knews.kathimerini.com.cy/en/news/us-plane-brings-captives-back-home

The plane carrying five American citizens freed as part of a deal between the U.S. and Iran have now landed back home in the United States....

145. Supreme court frees billions in assets

https://knews.kathimerini.com.cy/en/news/supreme-court-frees-billions-in-assets

The Supreme Court unanimously overturns Laiki Bank's secured decrees, releasing billions in assets belonging to Andreas Vgenopoulos, Marfin Investments Group Holdings S.A, Efthimios Buloutas, and Kyriakos Cook....

146. 135% debt reduction sparks hope for economy

https://knews.kathimerini.com.cy/en/news/135-debt-reduction-sparks-hope-for-economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

147. SSM chief urges banks to be prudent amidst soaring profits

https://knews.kathimerini.com.cy/en/business/ssm-chief-urges-banks-to-be-prudent-amidst-soaring-profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

148. AKEL blasts government amid rising bank profits

https://knews.kathimerini.com.cy/en/news/akel-blasts-government-amid-rising-bank-profits

The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....

149. EU passes borrower protection law: Your rights when borrowing money

https://knews.kathimerini.com.cy/en/business/eu-passes-borrower-protection-law-your-rights-when-borrowing-money

The European Parliament (EP) has voted on rules to keep people safe when they borrow money for things like credit cards or loans....

150. Court upholds 2013 resolution measures for Laiki Bank

https://knews.kathimerini.com.cy/en/news/court-upholds-2013-resolution-measures-for-laiki-bank

The court rejected another lawsuit related to the 2013 deposit problem....

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