https://knews.kathimerini.com.cy/en/news/pronomia-scheme-travel-benefits-for-125-lucky-contestants
The countdown to Christmas has begun, and Bank of Cyprus is getting its customers in the festive mood, in a special way. The ‘pronomia’ loyalty scheme will give 125 lucky winners the chance to travel and enjoy new, unique experiences....
https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation
According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....
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. ...
https://knews.kathimerini.com.cy/en/business/bank-workers-union-sets-sights-on-big-move-in-bank-of-cyprus
Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....
https://knews.kathimerini.com.cy/en/comment/opinion/old-grudges-and-gilded-memories-cypriot-politics-in-reruns
Last night, I tuned into a podcast featuring the former President of Cyprus and a Twitter Space (or "X Space") with the former DISY party leader. Oh boy, both were quite the listen....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge
In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...
https://knews.kathimerini.com.cy/en/news/rics-cyprus-property-price-index-with-kpmg-in-cyprus-announces-results-of-2024-q3
On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated:...
https://knews.kathimerini.com.cy/en/business/boc-fintech-hackathon-5-0-fintech-ideas-that-can-change-the-world
The number of registrations exceeded all expectations since more than 200 people and more than 25 teams participated....
https://knews.kathimerini.com.cy/en/comment/opinion/the-unassuming-constantinos-kombos
In every Cabinet meeting, there is a ''luxury'' position held by the current Minister of Foreign Affairs. ...
https://knews.kathimerini.com.cy/en/news/banks-see-boost-from-ecb-rate-cuts
The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......
https://knews.kathimerini.com.cy/en/news/cyprus-gains-investor-confidence-as-economic-reforms-us-ties-bolster-growth
International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......
https://knews.kathimerini.com.cy/en/news/cyprus-and-us-a-partnership-through-decades-of-change-and-challenge
As President Nikos Christodoulides arrives at the White House today for an anticipated meeting with President Joe Biden, this event represents a defining moment in Cyprus-U.S. relations....
https://knews.kathimerini.com.cy/en/news/euronet-remains-only-bidder-in-delayed-jcc-payment-systems-sale
The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer.
...
https://knews.kathimerini.com.cy/en/news/countdown-to-black-friday-tips-to-avoid-scams
As Black Friday approaches on Nov. 29, businesses worldwide are gearing up for significant sales events. Recognized as the unofficial start of the holiday shopping season in the U.S. since 1952, Black Friday is observed on the fourth Friday in November, the day after Thanksgiving....
https://knews.kathimerini.com.cy/en/news/new-eu-rules-open-cyprus-s-troubled-loan-market-to-foreign-investors
In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....
https://knews.kathimerini.com.cy/en/business/cyprus-achieves-first-a-level-credit-rating-in-major-milestone
Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....
https://knews.kathimerini.com.cy/en/news/cbc-urges-banks-to-show-social-responsibility-despite-sector-s-strength
The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds
CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....
https://knews.kathimerini.com.cy/en/news/politico-giuliani-ordered-to-hand-over-property-to-pay-defamation-suit
Former New York City mayor Rudy Giuliani has been ordered by a federal judge to hand over a significant portion of his property, including his luxury Upper East Side apartment, to two Georgia election workers who won a $148 million defamation case against him....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk
Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....
https://knews.kathimerini.com.cy/en/news/interior-ministry-proposes-solutions-for-9-500-stranded-property-buyers
Interior Minister Constantinos Ioannou presented solutions for resolving issues faced by ''stranded buyers'' to the Parliamentary Committee on Legal Affairs, addressing about half of the nearly 9,500 pending cases....
https://knews.kathimerini.com.cy/en/news/effort-to-create-new-cooperative-bank-in-cyprus-begins-with-ipo-search
The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....
https://knews.kathimerini.com.cy/en/comment/opinion/behind-the-numbers-are-cyprus-s-non-performing-loans-just-a-makeup-job
Are there good makeup artists in Cyprus? Sometimes I wonder, but since I’m out of the fashion scene, I can’t say for sure. However, when I think back to the banking events of the last 15 years, then yes—at least in the banks, they exist....
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/ecb-to-review-akel-s-proposed-bank-tax-amid-financial-concerns
The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...
https://knews.kathimerini.com.cy/en/business/cyprus-credit-rating-upgrade-a-boon-for-investors-but-what-about-citizens
Cyprus has recently received good news from the credit rating agency Capital Intelligence (CI), which upgraded the country’s credit ratings, according to Kathimerinni's Dorita Yiannakou. ...
https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt
Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....
https://knews.kathimerini.com.cy/en/business/tighter-lending-rules-for-businesses-while-household-loans-remain-steady
Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....
https://knews.kathimerini.com.cy/en/news/uk-deploys-700-troops-to-cyprus-for-potential-lebanon-evacuation
The UK government has announced plans to deploy 700 troops to Cyprus in preparation for a potential evacuation of British nationals from Lebanon, amid escalating violence between Israel and Hezbollah. ...
https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b
While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...
