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12° Nicosia,
28 March, 2024
 

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Displaying results 1-30 of 347 matches for query Performing.

1. Cyprus economy holds steady amid challenges

https://knews.kathimerini.com.cy/en/news/cyprus-economy-holds-steady-amid-challenges

Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...

2. Cyprus' economic resilience earns high credit rating confirmation

https://knews.kathimerini.com.cy/en/news/cyprus-economic-resilience-earns-high-credit-rating-confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

3. Multicultural play ''CUT'' breaks barriers in Cyprus

https://knews.kathimerini.com.cy/en/news/multicultural-play-cut-breaks-barriers-in-cyprus

A groundbreaking theatrical production titled ''CUT'' is making waves in Cyprus, challenging linguistic and cultural barriers in a divided nation....

4. What are they afraid of?

https://knews.kathimerini.com.cy/en/comment/opinion/what-are-they-afraid-of

Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....

5. KEDIPES successfully sells €58.4M portfolio to reduce debt

https://knews.kathimerini.com.cy/en/business/kedipes-successfully-sells-€58-4m-portfolio-to-reduce-debt

The Cyprus Asset Management Company (KEDIPES) announced Thursday the successful completion of a sale of performing and restructured loan portfolios to Bank of Cyprus Public Company Limited, with a combined gross book value of €58.4 million as of December 31, 2022....

6. Cyprus: A familiar economic space for Greece

https://knews.kathimerini.com.cy/en/news/cyprus-a-familiar-economic-space-for-greece

In an interview conducted by Kathimerini reporter Panayiotis Rougalas, Greece's Central Bank Governor, Mr. Yiannis Stournaras, sheds light on various aspects of the country's monetary policy and economic landscape....

7. 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. ...

8. ''America at our best''

https://knews.kathimerini.com.cy/en/news/america-at-our-best

Last night's gathering at the Hilton Hotel in Nicosia, hosted by the US Embassy and the American Medical Center, stirred something deep within me....

9. KEDIPES preps for major loan sell-off, boosting Cyprus banks

https://knews.kathimerini.com.cy/en/news/kedipes-preps-for-major-loan-sell-off-boosting-cyprus-banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

10. 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....

11. Phone ringing, debt ignored: Cyprus faces loan repayment hurdles

https://knews.kathimerini.com.cy/en/news/phone-ringing-debt-ignored-cyprus-faces-loan-repayment-hurdles

Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....

12. Banks urged to accelerate loan restructurings

https://knews.kathimerini.com.cy/en/news/banks-urged-to-accelerate-loan-restructurings

The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....

13. The Senior School unveils annual talent extravaganza

https://knews.kathimerini.com.cy/en/life/the-senior-school-unveils-annual-talent-extravaganza

The Senior School Performing Arts present: 'Imprints', a talent show....

14. Deal in the works for CNP Cyprus

https://knews.kathimerini.com.cy/en/business/deal-in-the-works-for-cnp-cyprus

The subsidiary of the French insurance giant CNP Assurances, CNP Cyprus Insurance Holdings, is currently in discussions for a potential change in ownership. ...

15. Parliament enacts law granting tax exemption on loan repayments

https://knews.kathimerini.com.cy/en/news/parliament-enacts-law-granting-tax-exemption-on-loan-repayments

The House of Representatives has unanimously approved a law exempting individuals who sold real estate or transferred shares to repay Non-Servicing Loans from the 0.4% tax designated for the Central Equal Weight Sharing Agency...

16. Non-performing loans hold steady at €2B amid rising rates

https://knews.kathimerini.com.cy/en/news/1-non-performing-loans-hold-steady-at-€2b-amid-rising-rates

Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....

17. Dr. Anastasatos forecasts bright future for Cyprus economy

https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

18. 'The bill goes to the President'

https://knews.kathimerini.com.cy/en/news/the-bill-goes-to-the-president

The resignation of Deputy Minister of Innovation Philippos Hadjizacharias shouldn't come as a surprise. This is not solely due to ethical considerations, as his name has been among those vilified and deconstructed by the Presidential Office....

19. Cyprus grapples with lingering private debt woes

https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

20. Life2vec, an AI algorithm, predicts your future with high accuracy

https://knews.kathimerini.com.cy/en/news/life2vec-an-ai-algorithm-predicts-your-future-with-high-accuracy

In a groundbreaking development, scientists have introduced an algorithm named 'Life2vec' that leverages personal life stories to forecast an individual's future, including potential lifespan. ...

21. Half of Cyprus loans vulnerable to Euribor and ECB rates

https://knews.kathimerini.com.cy/en/news/half-of-cyprus-loans-vulnerable-to-euribor-and-ecb-rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

22. Bank of Cyprus expands with €58M loan acquisition

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-expands-with-€58m-loan-acquisition

Agreement for the Acquisition of a Performing Loan Portfolio. ...

23. CBC warns of non-performing loan surge amid economic challenges

https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

24. Themis Themistocleous signals potential 2024 interest rate cut

https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

25. Parliament approves measures for NPLs and foreclosures framework

https://knews.kathimerini.com.cy/en/news/parliament-approves-measures-for-npls-and-foreclosures-framework

Cyprus' Finance Ministry has expressed satisfaction with the parliament's approval of laws integral to the comprehensive package for managing Non-Performing Loans (NPLs) and the foreclosure framework....

26. Non-performing loans take a €95M dive

https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

27. Embark on a journey of cloudy capers in this playful forecast

https://knews.kathimerini.com.cy/en/news/embark-on-a-journey-of-cloudy-capers-in-this-playful-forecast

Step right up, ladies and gentlemen, to the grand spectacle of today's weather extravaganza! We've got a whimsical mix of clouds doing a cha-cha, with a chance of showers and isolated thunderstorms staging a surprise performance ...

28. Cyprus economy receives positive rating boost

https://knews.kathimerini.com.cy/en/business/cyprus-economy-receives-positive-rating-boost

Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...

29. Mortgage-to-Rent scheme sparks overwhelming interest as call centers inundated

https://knews.kathimerini.com.cy/en/news/mortgage-to-rent-scheme-sparks-overwhelming-interest-as-call-centers-inundated

In a significant response to the newly launched 'Mortgage to Rent' Scheme by the implementing agency, KEDIPES, the service center has been inundated with hundreds of calls since the official commencement of the initiative today....

30. Cyprus gets BBB+ boost in latest ratings, but challenges persist

https://knews.kathimerini.com.cy/en/business/cyprus-gets-bbb-boost-in-latest-ratings-but-challenges-persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

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