https://knews.kathimerini.com.cy/en/business/interest-rates-on-corporate-deposits-are-at-a-new-low
Interest rates for corporate deposits fell to a new historical low, which in December 2021 stood at 0.02%, while the interest rate for household deposits remained unchanged at 0.06%....
https://knews.kathimerini.com.cy/en/news/take-back-life-more-nations-ease-coronavirus-restrictions
Late-night partying at clubs. Elbow-to-elbow seating in movie theaters. Going without masks in public, especially in Europe and North America: Step by step, many countries are easing their COVID-19 restrictions amid hopes the omicron wave may have passed its peak....
https://knews.kathimerini.com.cy/en/business/cyprus-had-the-highest-stock-of-npls-in-eu-in-2020-eurostat-says
Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government in 2020, according to data released by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/business/can-banking-institutions-unilaterally-impose-new-policies-on-clients-with-housing-loan-agreements
I have recently been dealing with a case where a banking institution in Cyprus has requested from the client to either repay his housing loan earlier or transfer his loan to another bank. ...
https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-banks-down-by-€32-million-at-the-end-of-october
Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion....
https://knews.kathimerini.com.cy/en/business/moneyval-cyprus-makes-some-progress-in-the-fight-against-money-laundering
Cyprus has made some progress in the fight against money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL....
https://knews.kathimerini.com.cy/en/business/slight-increase-in-the-value-of-unsecured-checks-issued-in-2021
The total amount of unsecured cheques issued in 2021 rose to €0.93 million compared with €0.74 in 2020. However, the total number of unsecured cheques dropped to 363 compared with 454 the year before....
https://knews.kathimerini.com.cy/en/business/npls-in-cyprus-decrease-€722-million-at-the-end-of-september
Α decrease of €722 million or 14.4% was recorded at the end of September 2021 in aggregate Non-Performing Loans (NPLs) compared with the end of June 2021, according to data released Friday by the Central Banks of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/business/cypriot-economy-will-continue-to-recover-output-lost-during-2020
The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....
https://knews.kathimerini.com.cy/en/news/britain-rubbish-isn-t-collected-supermarkets-shelves-are-empty-and-councils-slash-services
The UK's self-isolation 'farce' means at least 1million people are now stuck at home - crippling many critical services with supermarket shelves emptying, trains canceled, bin collections axed, council services slashed and up to 25 percent of care home staff off work and one in ten NHS staff off sick....
https://knews.kathimerini.com.cy/en/news/a-bank-accidentally-paid-thousands-of-people-more-than-$175-million-on-christmas-day-due-to-a-technical-glitch
Santander UK is trying to recoup about $175 million (130 million pounds) that it accidentally transferred to customers on Christmas Day....
https://knews.kathimerini.com.cy/en/business/reflections-on-20-years-of-the-euro
Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....
https://knews.kathimerini.com.cy/en/news/what-s-left-for-the-turkish-cypriot-economy-after-2021
Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....
https://knews.kathimerini.com.cy/en/news/in-exodus-from-lebanon-the-well-off-find-new-home-in-cyprus
Many well-off Lebanese who escaped their country’s economic tailspin for a new life in the nearby island nation of Cyprus say the transition has been a whirlwind of emotions....
https://knews.kathimerini.com.cy/en/news/increase-in-deposits-decrease-in-loans
Deposits in November in Cyprus have increased while loans decreased, according to statistics released on Wednesday by the Central Bank....
https://knews.kathimerini.com.cy/en/news/syprodat-demands-response-from-central-bank-government-and-parliament-regarding-increased-charges
The Bank of Cyprus Borrower Association (SYPRODAT) is calling for an immediate response from the Central Bank of Cyprus, the Government and Parliament in relation to the increase of charges from the largest Cypriot banks....
https://knews.kathimerini.com.cy/en/news/vehicle-license-renewals-for-2022-begin-7th-of-january
The Department of Road Transport (TOM) announces the following, in relation to the renewal of vehicle registration licenses for the year 2022:...
https://knews.kathimerini.com.cy/en/business/loan-restructurings-in-the-cyprus-reached-almost-€2-billion-due-to-covid
Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began in end-2014....
https://knews.kathimerini.com.cy/en/business/consulco-opens-its-limassol-office
Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...
https://knews.kathimerini.com.cy/en/business/how-can-banks-use-smart-automation-to-improve-customer-service
In all industries, there are often many tasks that require the attention of employees, but do not fully utilize their skills, such as archiving, entering data or replying to a routine email....
https://knews.kathimerini.com.cy/en/news/turkish-lira-whiplashes-after-erdogan-moves-to-protect-savings
Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....
https://knews.kathimerini.com.cy/en/news/turkish-lira-resumes-slide-to-17-5-against-the-dollar
The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....
https://knews.kathimerini.com.cy/en/business/voluntary-retirement
Bank of Cyprus announces the successful completion of a small-scale targeted voluntary retirement plan....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-to-impose-new-and-increased-fees-from-february-15-2022
Bank of Cyprus will be imposing new and increased fees by February 2022, adopting the general trend of the European banking sector of increasing bank charges to cover a reduction of income stemming from low interest rates....
https://knews.kathimerini.com.cy/en/news/inflation-in-britain-jumped-to-its-highest-level-in-the-last-10-years-at-5-1
Inflation in Britain has jumped to a 10-year high due to a sharp rise in prices, according to data released on Wednesday on the eve of the Bank of England's decision on interest rates....
https://knews.kathimerini.com.cy/en/business/more-foreign-banks-come-to-athens
Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...
https://knews.kathimerini.com.cy/en/business/former-finance-minister-michalis-sarris-new-president-of-astrobank
Mr. Michalis Sarris, former Minister of Finance, assumes the chairmanship of the Board of Directors of AstroBank....
https://knews.kathimerini.com.cy/en/news/moves-to-make-banking-faster
As part of the strategy to create faster, more flexible and efficient banking services, the Governor of the Central Bank of Cyprus (CBC), Mr. Konstantinos Herodotou,...
https://knews.kathimerini.com.cy/en/business/employers-must-pay-at-least-28-euros-per-month-to-teleworking-employees-in-greece
Employers will have to pay a minimum compensation of 28 euros per month to each of their employees who are teleworking,...
https://knews.kathimerini.com.cy/en/news/debt-sustainability-in-all-member-states
ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union.
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