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12° Nicosia,
29 March, 2024
 

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Displaying results 1-30 of 240 matches for query Deposits.

1. Europe's ambitious plan to reignite economic engines

https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

2. Eurobank Cyprus reports €199.4M profits in 2023

https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€199-4m-profits-in-2023

Eurobank Cyprus unveiled its financial results for 2023, boasting a profit of €199.4 million, marking a significant increase of €105.1 million or 111% compared to 2022. ...

3. Deposit rates down, mortgage rates up

https://knews.kathimerini.com.cy/en/news/deposit-rates-down-mortgage-rates-up

Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....

4. Cypriots saving less as loan numbers fluctuate

https://knews.kathimerini.com.cy/en/news/cypriots-saving-less-as-loan-numbers-fluctuate

In January 2024, the total deposits in Cyprus reached €51.9 billion, experiencing a net decrease of €366.0 million compared to the previous month....

5. US lander lands on moon, giant leap for humanity

https://knews.kathimerini.com.cy/en/news/us-lander-lands-on-moon-giant-leap-for-humanity

In a groundbreaking achievement, the Odysseus lander, owned by Intuitive Machines, successfully landed on the moon's surface, marking the first privately owned craft to accomplish this feat....

6. Hellenic Bank posts impressive 2023 profit of €365.4 million

https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-impressive-2023-profit-of-€365-4-million

Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....

7. Interest rates extended, borrowers face dilemma

https://knews.kathimerini.com.cy/en/news/interest-rates-extended-borrowers-face-dilemma

Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....

8. Wolfgang Schäuble, former German Finance Minister, dies at 81

https://knews.kathimerini.com.cy/en/news/wolfgang-schauble-former-german-finance-minister-dies-at-81

Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....

9. European data shows low interest payouts by Cypriot banks

https://knews.kathimerini.com.cy/en/news/european-data-shows-low-interest-payouts-by-cypriot-banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....

10. How Cyprus and Chevron found common ground

https://knews.kathimerini.com.cy/en/news/how-cyprus-and-chevron-found-common-ground

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the operator of the Aphrodite field, appears largely satisfactory to both parties....

11. Crisis averted as Cyprus and Chevron reach compromise

https://knews.kathimerini.com.cy/en/business/crisis-averted-as-cyprus-and-chevron-reach-compromise

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the manager of the Aphrodite field, can be seen as a compromise satisfying both parties. ...

12. Is the digital Euro the ECB's game-changer or a banks' ally?

https://knews.kathimerini.com.cy/en/business/is-the-digital-euro-the-ecb-s-game-changer-or-a-banks-ally

The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....

13. Mortgage rates soar to 4.91%, deposits decline in October 2023

https://knews.kathimerini.com.cy/en/news/mortgage-rates-soar-to-4-91-deposits-decline-in-october-2023

Mortgage interest rates in Cyprus climbed to 4.91% in October 2023, according to data released by the Central Bank of Cyprus in its November 2023 edition of Monetary and Financial Statistics....

14. Government to appeal Limassol court granting compensation for Laiki Bank depositors

https://knews.kathimerini.com.cy/en/news/government-to-appeal-limassol-court-granting-compensation-for-laiki-bank-depositors

In a significant legal development, the Attorney General of the Republic of Cyprus is set to file an appeal against the recent decision of the Limassol District Court....

15. Hellenic Bank rakes in €240.7M in 2023's first 9 months

https://knews.kathimerini.com.cy/en/news/hellenic-bank-rakes-in-€240-7m-in-2023-s-first-9-months

Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....

16. Cyprus Central Bank challenges court ruling on Laiki Bank 'haircuts'

https://knews.kathimerini.com.cy/en/news/cyprus-central-bank-challenges-court-ruling-on-laiki-bank-haircuts

The Central Bank of Cyprus (CBC) declared on Tuesday its intention to appeal the Limassol District Court's decision favoring the claimant in the Laiki Bank deposit impairment case from 2013....

17. Assessing George Papanastasiou's 9-month energy impact

https://knews.kathimerini.com.cy/en/news/assessing-george-papanastasiou-s-9-month-energy-impact

Last March, when the newly elected President of the Republic, Nikos Christodoulides, announced his Cabinet, one portfolio that drew attention was the Ministry of Energy....

18. BOC reports €349M in profits, plans employee bonuses for 2024

https://knews.kathimerini.com.cy/en/news/boc-reports-€349-million-in-profits-plans-employee-bonuses-for-2024

In a significant financial turnaround, Bank of Cyprus reported a notable profit of €349 million for the nine months ending September 30, 2023, marking a substantial improvement from the €19 million loss in the same period last year. ...

19. Financial tsunami looms as Limassol court decision sends shockwaves through Cyprus

https://knews.kathimerini.com.cy/en/news/financial-tsunami-looms-as-limassol-court-decision-sends-shockwaves-through-cyprus

In a potentially precedent-setting decision, the Limassol District Court has upheld its initial ruling in favor of a Russian depositor of the People's Bank, potentially exposing the state to financial implications of up to 2-3 billion euros....

20. Russian depositor triumphs over Laiki bank's 2013 haircut

https://knews.kathimerini.com.cy/en/news/russian-depositor-triumphs-over-laiki-bank-s-2013-haircut

The Legal Service, on behalf of the Republic of Cyprus and the Central Bank of Cyprus (CBC), will appeal the decision of the Limassol District Court, which awarded compensation to a depositor of the former Laiki Bank for the 2013 deposit haircut, according to CNA....

21. Bank of Cyprus and Hellenic Bank upgraded by Fitch

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-and-hellenic-bank-upgraded-by-fitch

Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....

22. Energy Minister urges Chevron to honor agreement for Aphrodite field development

https://knews.kathimerini.com.cy/en/business/energy-minister-urges-chevron-to-honor-agreement-for-aphrodite-field-development

Energy Minister George Papanastasiou has issued new communications to Chevron, the operator of the Aphrodite field, from the Parliament ahead of the crucial meeting with Chevron's Chairman, Clay Neff. ...

23. Cyprus deposits bounce back with €87.7 million growth

https://knews.kathimerini.com.cy/en/news/cyprus-deposits-bounce-back-with-€87-7-million-growth

Total deposits recorded a noteworthy uptick in September 2023, rebounding from two consecutive months of decline, according to data released Wednesday by the Central Bank of Cyprus....

24. Acquisition talks between Astrobank and CDB Bank heat up

https://knews.kathimerini.com.cy/en/news/acquisition-talks-between-astrobank-and-cdb-bank-heat-up

As of the beginning of the week, high-ranking officials from both banks had a meeting to discuss transaction details and the way forward....

25. Middle East turmoil shifts energy and diplomatic priorities

https://knews.kathimerini.com.cy/en/business/middle-east-turmoil-shifts-energy-and-diplomatic-priorities

The tumultuous situation in the Middle East, prompted by Hamas's aggressive attack on Israel and Tel Aviv's military response, is reshaping the priorities of the Netanyahu government and the balance in the South-Eastern Mediterranean....

26. Ancient mysteries unearthed on Cyprus' northern coastline

https://knews.kathimerini.com.cy/en/news/ancient-mysteries-unearthed-on-cyprus-northern-coastline

In the vicinity of the occupied village of Davlos, specifically at the location of Vikli (Galounia), an astonishing geological formation has captivated attention. This formation comprises a sequence of alternating layers of clay, marl, sandstone, limestone, and other rocks....

27. Ankara's surprising move on Cyprus resources

https://knews.kathimerini.com.cy/en/news/ankara-s-surprising-move-on-cyprus-resources

Turkish Foreign Minister Hakan Fidan has reintroduced a proposal with a clear aim to disrupt the existing framework for resolving the Cyprus problem, echoing Ankara's prior suggestions....

28. 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....

29. 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....

30. 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....

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