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02 July, 2025
 

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Displaying results 1-30 of 145 matches for query bad bank.

1. Bank of Cyprus sells €75M worth of Paphos property to Exness

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-sells-€75m-worth-of-paphos-property-to-exness

The Bank of Cyprus has closed a major property deal with fintech firm Exness, selling land worth €75 million in Paphos, sources confirmed to Kathimerini Cyprus....

2. Good news for borrowers as ECB to cut interest rates

https://knews.kathimerini.com.cy/en/business/good-news-for-borrowers-as-ecb-to-cut-interest-rates

The European Central Bank (ECB) is widely expected to cut its key interest rates by 0.25% this Thursday, a move that could bring welcome relief for borrowers and banks in Cyprus. ...

3. Cypriots rush to borrow as rates drop, but are banks repeating old mistakes?

https://knews.kathimerini.com.cy/en/comment/opinion/cypriots-rush-to-borrow-as-rates-drop-but-are-banks-repeating-old-mistakes

As interest rates continue their downward trend, and with further cuts expected, borrowers are feeling more confident. This isn’t hearsay from bank insiders or coffee shop chatter; ...

4. Cyprus courts facing backlog of non-performing loan cases

https://knews.kathimerini.com.cy/en/news/cyprus-courts-facing-backlog-of-non-performing-loan-cases

There are currently 3,000 unresolved cases involving unpaid loans piling up in Cyprus' courts. These cases are being handled by judges based on the workload of each district court....

5. Ancoria Bank shifts to Cypriot hands in major shake-up

https://knews.kathimerini.com.cy/en/business/ancoria-bank-shifts-to-cypriot-hands-in-major-shake-up

Banking changes in Cyprus are rolling full steam ahead in 2025, with Ancoria Bank now seeing a major shift in its ownership. Entrepreneur and co-founder of XM, Kostas Kleanthous, has reached an agreement to buy more than 50% of Ancoria Bank, making him the new majority shareholder. ...

6. Cyprus woos Wall Street as bankers back presidential pitch in the U.S.

https://knews.kathimerini.com.cy/en/news/cyprus-woos-wall-street-bankers-back-presidential-pitch-in-the-u-s

Cypriot bankers have expressed their satisfaction with President Christodoulides' recent visit to the United States, where he promoted Cyprus as an attractive destination for investment. ...

7. Cyprus's car market is a tangled mess

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-s-car-market-is-a-tangled-mess

On Monday, February 3rd, manufacturers decided to immobilize 138 vehicles due to the risk of faulty TAKATA airbags, and another 138 due to brake issues....

8. It was a low bar

https://knews.kathimerini.com.cy/en/comment/opinion/it-was-a-low-bar

The Housing Grant Scheme for young couples and individuals up to 41 years of age was launched on 31 October 2024, with a target of 400 beneficiary applications and a total budget of €15 million. ...

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. 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. ...

11. 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. ...

12. Behind the numbers: Are Cyprus's non-performing loans just a makeup job?

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....

13. Cypriot loan servicers struggle as red loans hit €21.2B

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." ...

14. Anastasiades speaks out on Cyprus solution, corruption, and political ties

https://knews.kathimerini.com.cy/en/news/anastasiades-speaks-out-on-cyprus-solution-corruption-and-political-ties

In one of his most candid interviews to date, former President Nicos Anastasiades discussed the Cyprus problem and the talks held in Crans-Montana with Marina Economides in "K". ...

15. 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....

16. Banks record fewer bounced checks in May

https://knews.kathimerini.com.cy/en/business/banks-record-fewer-bounced-checks-in-may

The number of bounced checks in Cyprus saw a significant drop in May 2024 compared to the same month last year, according to data released by the Central Bank of Cyprus on Tuesday....

17. Almost 253,000 euros in bounced cheques in early 2024

https://knews.kathimerini.com.cy/en/news/almost-253-000-euros-in-bounced-cheques-in-early-2024

Cyprus grapples with a surge in bounced cheques, as revealed by recent data from the Central Bank of Cyprus. The total value of these unreliable transactions skyrocketed to 252,988 euros in the first four months of 2024, marking a concerning trend in financial instability....

18. €26,340 in bounced checks in March

https://knews.kathimerini.com.cy/en/news/€26-340-in-bounced-checks-in-march

In March 2024, a total of 15 bad cheques, amounting to €26,340, were issued, with 6 individuals (5 legal entities and 1 natural person) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques. ...

19. February's financial flaws expose 16 bad checks, €19,388 lost

https://knews.kathimerini.com.cy/en/news/february-s-financial-flaws-expose-16-bad-checks-€19-388-lost

In February 2024, a total of 16 bad cheques, amounting to €19,388, were issued, with 9 individuals (7 legal entities and 2 individuals) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques....

20. 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....

21. US Ambassador discusses Cyprus and Russian influence in exclusive interview

https://knews.kathimerini.com.cy/en/news/us-ambassador-discusses-cyprus-and-russian-influence-in-exclusive-interview

In an exclusive interview with Kathimerini, the U.S. Ambassador to Cyprus weighs in on whether the island nation's ties to Russian influence are changing. ...

22. 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. ...

23. What about the day after in Gaza? What about the days before?

https://knews.kathimerini.com.cy/en/comment/opinion/what-about-the-day-after-in-gaza-what-about-the-days-before

A colleague of mine asked me the other day a very interesting question. Let's assume, he said, that Israel does manage to destroy Hamas somehow. What's the use? Will it not be revived otherwise in a few years time?...

24. Abraham’s Tinderbox

https://knews.kathimerini.com.cy/en/comment/opinion/abraham-s-tinderbox

I’ll begin by clearly condemning Hamas and its terrorist thugs and express grief at the horrors inflicted on innocent Israeli civilians on 7 October....

25. Elizabeth McCaul unveils hidden financial dangers

https://knews.kathimerini.com.cy/en/news/elizabeth-mccaul-unveils-hidden-financial-dangers

A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....

26. Babies among 12 dead in Israel-Hamas fuel dispute

https://knews.kathimerini.com.cy/en/news/babies-among-12-dead-in-israel-hamas-fuel-dispute

Hamas has denied refusing an offer of fuel from Israel for Gaza's biggest hospital, which the World Health Organisation says is "not functioning" due to bombing and gunfire....

27. Rising number of bounced checks a growing concern

https://knews.kathimerini.com.cy/en/news/rising-number-of-bounced-checks-a-growing-concern

A total of 36 bad cheques, worth €566,732, were issued in October 2023, with 21 persons (14 legal entities and 7 natural persons) being registered in the preliminary list of the Central Information Register for the Issuers of Dishonoured Cheques (CIR), maintained by the Central Bank of Cyprus (CBC)....

28. Cyprus banks bracing for profit squeeze according to Moody's

https://knews.kathimerini.com.cy/en/business/cyprus-banks-bracing-for-profit-squeeze-according-to-moody-s

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....

29. Key economic issues dominate the headlines

https://knews.kathimerini.com.cy/en/news/key-economic-issues-dominate-the-headlines

Despite various actions taken and a decrease in inflation, there are worries about the central bank's ability to achieve its goals. Some experts suggest that the target of 2% price growth, ...

30. AI enhancing work-life balance, 100-year careers

https://knews.kathimerini.com.cy/en/news/ai-enhancing-work-life-balance-100-year-careers

JPMorgan CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity — instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees....

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