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12° Nicosia,
07 February, 2025
 

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Displaying results 1-30 of 734 matches for query Central Bank.

1. Four new types of branches at the Bank of Cyprus

https://knews.kathimerini.com.cy/en/business/four-new-types-of-branches-at-the-bank-of-cyprus

Bank of Cyprus branches are entering a new era, with the bank having moved to modernise the operational model of its network with four types of branches....

2. Rate hikes got you down? Bank of Cyprus has €2 Million (with strings attached)

https://knews.kathimerini.com.cy/en/business/rate-hikes-got-you-down-bank-of-cyprus-has-€2-million-with-strings-attached

Bank of Cyprus, perhaps feeling a twinge of sympathy for mortgage holders grappling with those pesky European Central Bank interest rate hikes, has unveiled a €2 million rewards program....

3. EU warns of strong response to possible US tariffs

https://knews.kathimerini.com.cy/en/news/eu-warns-of-strong-response-to-possible-us-tariffs

The European Union has expressed deep concern over potential US trade measures, cautioning that any tariffs imposed on European goods would trigger a firm response....

4. Cyprus Central Bank sets interest rate limits to protect consumers

https://knews.kathimerini.com.cy/en/business/cyprus-central-bank-sets-interest-rate-limits-to-protect-consumers

The Central Bank of Cyprus (CBC) has announced that the official reference interest rate will be set at 11.50%. This means that banks and other lenders in Cyprus must not charge higher rates than this when offering loans, extending payment terms, or renewing loans. ...

5. Cyprus ended 2024 with a banking boom as loans and deposits surged

https://knews.kathimerini.com.cy/en/business/cyprus-ended-2024-with-a-banking-boom-as-loans-and-deposits-surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

6. Christodoulides unveils ambitious plans in State of the Union address

https://knews.kathimerini.com.cy/en/news/christodoulides-unveils-ambitious-plans-in-state-of-the-union-address

President Nicos Christodoulides has outlined a sweeping reform plan for 2025, aiming to enhance governance, strengthen security, and accelerate digital transformation. ...

7. New lending boosted by interest rates and government plans

https://knews.kathimerini.com.cy/en/business/new-lending-boosted-by-interest-rates-and-government-plans

A favorable landscape for Cypriot borrowers is taking shape in 2025, laying the groundwork for a strong year in new lending....

8. Trump’s tariff plans could hurt Cyprus’ economy

https://knews.kathimerini.com.cy/en/news/trump-s-tariff-plans-could-hurt-cyprus-economy

The looming inauguration of U.S. President-elect Donald Trump has stirred concern across the Eurozone, and Cyprus is no exception....

9. Cyprus banks see €1 billion in profits as NPL's decline in 2024

https://knews.kathimerini.com.cy/en/news/cyprus-banks-see-€1-billion-in-profits-as-npl-s-decline-in-2024

Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year. ...

10. President's banking measures spark surge in first-home loans

https://knews.kathimerini.com.cy/en/business/president-s-banking-measures-spark-surge-in-first-home-loans

President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....

11. 'Mafia State' probe nears end as Anastasiades’ testimony looms

https://knews.kathimerini.com.cy/en/news/mafia-state-probe-nears-end-as-anastasiades-testimony-looms

The high-profile investigation into allegations from the controversial book Mafia State is reaching its final stages, with Australian lawyer Gabrielle McIntyre arriving in Cyprus this week to oversee the process....

12. 2025: A new chapter for Cyprus’s property market

https://knews.kathimerini.com.cy/en/comment/opinion/2025-a-new-chapter-for-cyprus-s-property-market

2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....

13. Maha Kumbh Mela 2025: A Divine Confluence of Faith and Modernity

https://knews.kathimerini.com.cy/en/comment/opinion/maha-kumbh-mela-2025-a-divine-confluence-of-faith-and-modernity

The Maha Kumbh Mela is not merely an event; it is a spiritual phenomenon deeply rooted in India's religious and cultural consciousness....

14. Eurozone growth hopes dim as 2025 looms

https://knews.kathimerini.com.cy/en/business/eurozone-growth-hopes-dim-as-2025-looms

Just days before the start of 2025, analysts have trimmed expectations for the Eurozone's economic growth. ...

15. Banks under fire: How public pressure forced a shake-up

https://knews.kathimerini.com.cy/en/news/banks-under-fire-how-public-pressure-forced-a-shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

16. Bank of Cyprus rolls out support measures for vulnerable groups

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-rolls-out-support-measures-for-vulnerable-groups

After a tense voting session last week, when the bill to tax bank profits narrowly failed to pass in Parliament, the Bank of Cyprus seems to be stepping up with measures aimed at helping vulnerable communities across the island. ...

17. 180° turnaround

https://knews.kathimerini.com.cy/en/comment/opinion/180°-turnaround

We hired communication consultants to rebuild our name and reputation....

18. ECB announces final rate cut for 2024

https://knews.kathimerini.com.cy/en/business/ecb-announces-final-rate-cut-for-2024

The European Central Bank (ECB) has announced a 25 basis point reduction in interest rates, marking the fourth consecutive cut for 2024....

19. Snapshots of an otherworldly presence

https://knews.kathimerini.com.cy/en/life/snapshots-of-an-otherworldly-presence

Andros Efstathiou's photography exhibition "Nicosia International Airport" opens on Friday, December 13th. ...

20. December Newsletter of K. Treppides & Co Ltd - 06/12/2024

https://knews.kathimerini.com.cy/en/business/december-newsletter-of-k-treppides-co-ltd-06-12-2024

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....

21. Geopolitical turbulence presents a looming threat to 2025 economic growth

https://knews.kathimerini.com.cy/en/business/geopolitical-pressures-threaten-2025-recovery

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

22. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

https://knews.kathimerini.com.cy/en/business/business-loans-on-the-rise-in-cyprus-but-consumer-borrowing-takes-a-hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...

23.  Debate intensifies over proposed 5% tax on bank profits in Cyprus

https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus

According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....

24. Police warn of counterfeit Euro banknotes circulating ahead of holiday season

https://knews.kathimerini.com.cy/en/news/police-warn-of-counterfeit-euro-banknotes-circulating-ahead-of-holiday-season

With the festive season approaching, the Cyprus Police have issued a warning about counterfeit euro banknotes circulating in the country....

25. Cybersecurity and ICT risks emerge as leading drivers of operational risk

https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

26. Cyprus EU anniversary coins spark collector mania

https://knews.kathimerini.com.cy/en/news/cyprus-eu-anniversary-coins-spark-collector-mania

The Central Bank of Cyprus’ commemorative coins celebrating 20 years since Cyprus joined the European Union have proven to be a hot commodity among collectors....

27. Primary residence and the benefit of 5% reduced VAT rate

https://knews.kathimerini.com.cy/en/business/primary-residence-and-the-benefit-of-5-reduced-vat-rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

28. Cyprus reunification 'off the table', says former U.S. Ambassador, warns Europe not to rely on U.S.

https://knews.kathimerini.com.cy/en/news/cyprus-reunification-off-the-table-says-former-u-s-ambassador-warns-europe-not-to-rely-on-u-s

A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines. ...

29. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

https://knews.kathimerini.com.cy/en/news/dbrs-morningstar-cyprus-shows-strong-recovery-in-tackling-bad-loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

30. Fed cuts rates by 0.25%, economic activity expands steadily

https://knews.kathimerini.com.cy/en/news/fed-cuts-rates-by-0-25-economic-activity-expands-steadily

The Federal Reserve on Thursday cut interest rates by 0.25 percentage points for the second consecutive meeting, bringing the target range to 4.50% to 4.75%, as expected. The decision was unanimous....

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