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12° Nicosia,
23 November, 2024
 

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Displaying results 361-390 of 845 matches for query Banks.

361. April records a decrease in loan volumes

https://knews.kathimerini.com.cy/en/news/april-records-a-decrease-in-loan-volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

362. IMF says Cyprus untouched by war fallout

https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

363. New plan to safeguard vulnerable groups' homes nears approval

https://knews.kathimerini.com.cy/en/news/new-plan-to-safeguard-vulnerable-groups-homes-nears-approval

The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...

364. Why are food prices so high in Europe?

https://knews.kathimerini.com.cy/en/business/why-are-food-prices-so-high-in-europe

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....

365. An effective foreclosure framework is important, says FinMin

https://knews.kathimerini.com.cy/en/news/an-effective-foreclosure-framework-is-important-says-finmin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

366. Cyprus sees decline in total deposits and loans

https://knews.kathimerini.com.cy/en/news/cyprus-sees-decline-in-total-deposits-and-loans

Total deposits in April 2023 recorded a net decrease of €173.3 million, compared with a net increase of €59.8 million in March 2023, the Central Bank of Cyprus said in a press release....

367. US ambassador praises Cyprus on sanctions

https://knews.kathimerini.com.cy/en/news/us-ambassador-praises-cyprus-on-sanctions

US Ambassador Julie Fisher is dismissing claims that Washington is using arm-twisting tactics in Nicosia for sanctioning companies on the island, while pointing out Cypriot government statements are in line with the EU’s transatlantic consensus on Russia’s war in Ukraine...

368. EBA tightens its grip in response to sanctions

https://knews.kathimerini.com.cy/en/business/eba-tightens-its-grip-in-response-to-sanctions

Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...

369. CBC urges banks to embrace transformation for sustainablefuture

https://knews.kathimerini.com.cy/en/business/cbc-urges-banks-to-embrace-transformation-for-sustainablefuture

Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....

370. Deutsche Bank agrees to $75M settlement in Epstein abuse lawsuit

https://knews.kathimerini.com.cy/en/news/deutsche-bank-agrees-to-$75m-settlement-in-epstein-abuse-lawsuit

Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein and accused the German bank of facilitating his sex trafficking....

371. Cyprus banks' strict adherence to sanctions worries legitimate entities

https://knews.kathimerini.com.cy/en/business/cyprus-banks-strict-adherence-to-sanctions-worries-legitimate-entities

Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....

372. Over 1.2 billion in Russian assets frozen in Cyprus

https://knews.kathimerini.com.cy/en/news/over-1-2-billion-in-russian-assets-frozen-in-cyprus

Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus’ Finance Ministry said Tuesday...

373. BOC Chief urges sanctioned entities to seek exemptions themselves

https://knews.kathimerini.com.cy/en/business/boc-chief-urges-sanctioned-entities-to-seek-exemptions-themselves

The CEO of the Bank of Cyprus, Panicos Nicolaou, expressed the view that individuals and entities subject to sanctions should seek exemption from international authorities in order for banks to allow payments from frozen accounts to business entities....

374. BOC: First quarter of 2023 yields €95 million in profit

https://knews.kathimerini.com.cy/en/business/boc-first-quarter-of-2023-yields-€95-million-in-profit

Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....

375. Nicosia scrambles to ease sanctions burden

https://knews.kathimerini.com.cy/en/news/nicosia-scrambles-to-ease-burden-on-sanctions

The Registrar of Companies will accept requests from service providers to replace sanctioned persons with other persons, according to reliable sources...

376. Rights violations raise concerns amid sanctions

https://knews.kathimerini.com.cy/en/business/rights-violations-raise-concerns-amid-sanctions

The Pancyprian Bar Association has expressed growing concerns over the violation of fundamental rights of both individuals and legal entities affected by the recent restrictive measures and sanctions imposed on April 12, 2023....

377. Why do young people in Cyprus struggle to secure a home loan?

https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan

Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....

378. Non-compliance with US sanctions bad says CBC Governor

https://knews.kathimerini.com.cy/en/news/non-compliance-with-us-sanctions-bad-says-cbc-governor

No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...

379. BOC appoints Bank of America as joint corporate broker, resumes dividend payments

https://knews.kathimerini.com.cy/en/business/boc-appoints-bank-of-america-as-joint-corporate-broker-resumes-dividend-payments

The Bank of Cyprus has announced the appointment of Bank of America Europe DAC (BofA Securities) as a joint Corporate Broker, along with NUMIS Securities Limited (NUMIS) and Keefe, Bruyette & Woods (KBW, acting through Stifel Nicolaus Europe Limited), with immediate effect....

380. New sanctions list expected by the end of May

https://knews.kathimerini.com.cy/en/business/new-sanctions-list-expected-by-the-end-of-may

The episode with the sanctions imposed by the United States and Britain on natural and legal persons that include Cypriot names is expected to continue....

381. May Newsletter of K. Treppides & Co Ltd: CySEC

https://knews.kathimerini.com.cy/en/business/may-newsletter-of-k-treppides-co-ltd-cysec

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....

382. Central Bank governor projects higher economic growth for 2023

https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023

On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...

383. It's surprising how little was frozen

https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen

Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...

384. Russia's Lukoil completes sale of oil refinery in Italy

https://knews.kathimerini.com.cy/en/news/russia-s-lukoil-completes-sale-of-oil-refinery-in-italy

Russia's second-largest oil producer Lukoil said on Thursday its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities...

385. Cypriot firms struggle to detach from sanctioned providers

https://knews.kathimerini.com.cy/en/news/cypriot-firms-struggle-to-detach-from-sanctioned-providers

The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...

386. Dr Charis Savvides joins Grant Thornton Cyprus

https://knews.kathimerini.com.cy/en/business/dr-charis-savvides-joins-grant-thornton-cyprus

Grant Thornton Cyprus is pleased to announce that Dr Charis Savvides joined the Firm as the Funds and Regulatory Compliance Services Leader. This appointment is part of the Firm’s strategic plans to enhance its advisory offering and at the same time, to meet growing client demands....

387. Here comes the Digital Euro!

https://knews.kathimerini.com.cy/en/comment/opinion/here-comes-the-digital-euro

The digital euro is set to be a new form of digital currency from the European Central Bank. It will aim to provide a secure, fast and efficient method of payment in the European Union and will be based on a distributed ledger technology,...

388. Astrobank: 'Reward' plan for good borrowers

https://knews.kathimerini.com.cy/en/business/astrobank-reward-plan-for-good-borrowers

Astrobank is currently developing a plan to reward its consistent borrowers by providing relief for those who have mortgage loans worth up to €350,000....

389. Employers and trade unions clash over CoLA index proposal

https://knews.kathimerini.com.cy/en/business/employers-and-trade-unions-clash-over-cola-index-proposal

Today, Wednesday, May 3rd, employers will have a meeting regarding the Cost of Living Adjustment (CoLA) index, and on Thursday, May 4th, the trade unions will have theirs....

390. Banks announce measures on interest rates

https://knews.kathimerini.com.cy/en/news/banks-announce-measures-on-interest-rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

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