CLOSE
Loading...
12° Nicosia,
19 July, 2024
 

Search

Displaying results 1-30 of 517 matches for query Loans.

1. Surge in corporate loans despite interest rate hike

https://knews.kathimerini.com.cy/en/business/surge-in-corporate-loans-despite-interest-rate-hike

The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...

2. Cyprus requests €89.2M in EU grants for recovery plan

https://knews.kathimerini.com.cy/en/news/cyprus-requests-€89-2m-in-eu-grants-for-recovery-plan

The European Commission received a payment request on Thursday from Cyprus for €89.2 million in grants, netting €76.9 million after pre-financing....

3. CBC to keep dividends low despite bank profits

https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

4. Consulco hosts London Gin Night for its partners

https://knews.kathimerini.com.cy/en/business/consulco-hosts-london-gin-night-for-its-partners

Consulco Group hosted three unique cocktail parties, under the name “London Gin Night”, dedicated to its customers and partners. ...

5. KEDIPES sends first approvals for mortgage-to-rent scheme

https://knews.kathimerini.com.cy/en/news/kedipes-sends-first-approvals-for-mortgage-to-rent-scheme

State-owned asset management company, KEDIPES began sending the first approvals for eligible borrowers as part of the government-funded mortgage-to-rent scheme....

6. Cyprus to sell €1 billion bond after improved credit ratings

https://knews.kathimerini.com.cy/en/news/cyprus-to-sell-1-billion-bond-after-improved-credit-ratings

The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......

7. Banks blame high interest rates for decline of new loans

https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans

Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...

8. Agency reports strong start to 2024, continues paying off state debt

https://knews.kathimerini.com.cy/en/news/agency-reports-strong-start-to-2024-continues-paying-off-state-debt

KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....

9. CBC chief warns: Tax on big profits could hurt economy

https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy

The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...

10. Cyprus inflation could offset ECB rate cut benefits

https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

11. FTI bankruptcy adds to woes of Cyprus tourism sector

https://knews.kathimerini.com.cy/en/news/fti-bankruptcy-adds-to-woes-of-cyprus-tourism-sector

The recent bankruptcy of German tour operator FTI has sent ripples through the Cyprus tourism industry, highlighting both immediate concerns and long-term implications....

12. CBC reports €209.1M increase in deposits for April

https://knews.kathimerini.com.cy/en/news/cbc-reports-€209-1m-increase-in-deposits-for-april

Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....

13. Cyprus non-performing loans drop to lowest level in years

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years

Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...

14. ECB to implement first interest rate cut

https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut

The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....

15. Cyprus investment funds increase by €293 Million

https://knews.kathimerini.com.cy/en/news/cyprus-investment-funds-increase-by-€293-million

The total assets of investment funds in Cyprus grew by approximately €293 million, or 4.5%, in March 2024 compared to December 2023, reaching €6.78 billion....

16. US fund eyes investment in Greece-Cyprus-Israel sea link

https://knews.kathimerini.com.cy/en/business/us-fund-eyes-investment-in-greece-cyprus-israel-sea-link

The US sovereign wealth fund, SWF, is keen on joining the Greece-Cyprus-Israel Great Sea Interconnector project. ADMIE, the Transmission System Operator for the Hellenic Electricity Transmission System, confirmed SWF's interest, which could involve funding or loans....

17. Bank of Cyprus earns €133 million in profits

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits

The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....

18. Cypriot banks set to exceed 2023's record profits in 2024

https://knews.kathimerini.com.cy/en/news/cypriot-banks-set-to-exceed-2023-s-record-profits-in-2024

Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...

19. Chinese president's visits to Serbia and Hungary yield new economic deals

https://knews.kathimerini.com.cy/en/news/chinese-president-s-visits-to-serbia-and-hungary-yield-new-economic-deals

When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered......

20. Household deposit rates surge as home buying loan rates dip

https://knews.kathimerini.com.cy/en/business/household-deposit-rates-surge-as-home-buying-loan-rates-dip

In March 2024, the financial landscape in Cyprus saw some interesting shifts, according to data released by the Central Bank of Cyprus. Here's a breakdown of what happened:...

21. China's leader targets Hungary, Serbia for investments

https://knews.kathimerini.com.cy/en/news/china-s-leader-targets-hungary-serbia-for-investments

Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe....

22. Former Central Bank Governor reflects on achievements and future plans

https://knews.kathimerini.com.cy/en/news/former-central-bank-governor-reflects-on-achievements-and-future-plans

In an exclusive interview with Andreas Kimitris of Kathimerini, former Cyprus Central Bank Governor Constantinos Herodotou delved into various aspects of his tenure and the hurdles encountered during his term. ...

23. Cyprus reports €133.1 million increase in March loans

https://knews.kathimerini.com.cy/en/news/cyprus-reports-€133-1-million-increase-in-march-loans

In March, both total deposits and loans saw an upward trend, with liquidity (the difference between loans and deposits) exceeding €27 billion, according to statistics on deposits and loans from Monetary Financial Institutions published today by the Central Bank of Cyprus. ...

24. Cyprus' public debt declines, economic outlook brightens

https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-declines-economic-outlook-brightens

According to a report by Panayiotis Rougalas, Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels....

25. AstroBank's record-breaking year: €30.4M in profits for 2023

https://knews.kathimerini.com.cy/en/news/astrobank-s-record-breaking-year-€30-4m-in-profits-for-2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

26. Alphamega Hypermarkets and Bean Bar reward employees with pay rises

https://knews.kathimerini.com.cy/en/business/alphamega-hypermarkets-and-bean-bar-reward-employees-with-pay-rises

C.A. Papaellinas Emporiki Ltd granted its annual pay rises of more than €4.5m ...

27. Businesses turn to banks amid funding crunch

https://knews.kathimerini.com.cy/en/business/businesses-turn-to-banks-amid-funding-crunch

In 2023, businesses encountered a tough road ahead when it came to securing loans, as costs continued to climb....

28. CBC Governor faces toughest banking challenges yet

https://knews.kathimerini.com.cy/en/news/cbc-governor-faces-toughest-banking-challenges-yet

A new dawn breaks with the appointment of Mr. Christodoulos Patsalides as the Central Bank of Cyprus's new governor, heralding both promise and challenge....

29. President Christodoulides hails financial progress with new CBC Governor

https://knews.kathimerini.com.cy/en/news/president-christodoulides-hails-financial-progress-with-new-cbc-governor

The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....

30. KEDIPES introduces plan to help borrowers repay home loans

https://knews.kathimerini.com.cy/en/news/kedipes-introduces-plan-to-help-borrowers-repay-home-loans

The Cyprus Asset Management Company (KEDIPES) has unveiled a new initiative aimed at assisting borrowers in repaying their home loans....

X