https://knews.kathimerini.com.cy/en/business/financial-instability-in-the-occupied-area-threatens-future-reunification-plans
Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....
https://knews.kathimerini.com.cy/en/news/more-than-4-200-apply-for-mortgage-to-rent-scheme-as-deadline-extended
For hundreds of households struggling with bad loans, the possibility of losing the family home has been hanging over them for years. Cyprus' mortgage-to-rent scheme is offering some of those borrowers a way to stay put, and thousands are trying to get in....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-profits-climb-to-€252-million-as-loans-and-deposits-grow
Bank of Cyprus made €252 million in after-tax profit during the first six months of 2026, marking a 7% increase from the same period last year....
https://knews.kathimerini.com.cy/en/news/cyprus-shows-strong-growth-and-falling-debt-but-warning-signs-remain
Cyprus’ economy is continuing to grow strongly, with falling debt and a stabilizing financial system, but new risks linked to regional instability and long-term structural challenges are still hanging over the country, according to a new European report....
https://knews.kathimerini.com.cy/en/business/cyprus-loan-collection-agencies-face-major-overhaul-under-new-eu-crackdown
Cyprus’ growing ''shadow banking'' sector is entering a period of major change as stricter European rules force credit servicing companies to tighten controls, cut risky partnerships, and rethink how they handle technology and security....
https://knews.kathimerini.com.cy/en/news/elderly-refugee-residents-lifted-by-forklifts-to-enter-and-exit-their-flats
Elderly residents in Cyprus’ refugee apartment blocks, many with serious health issues, are being hoisted up and down their buildings by Fire Department forklifts because the complexes have no elevators. ...
https://knews.kathimerini.com.cy/en/comment/opinion/when-ata-for-all-becomes-ata-for-no-one
And here we are. The government’s big promises and bold declarations over the Cost-of-Living Allowance (ATA) have officially run out of road. Remember when officials were preaching “ATA for all,” even pushing protesters to turn the slogan into rally signs? ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-€353-million-profit-in-2025-despite-lower-interest-income
Bank of Cyprus reported profits of €353 million for the first nine months of 2025, slightly below the €401 million earned in the same period last year but still showing solid results in a cooling economy....
https://knews.kathimerini.com.cy/en/news/cyprus-savers-earn-less-borrowers-pay-more-as-banks-widen-gap-with-eurozone
If you’re saving your money in a Cypriot bank, you’re probably earning less interest than the average European. But if you’re borrowing for a home or your small business, you’re likely paying more....
https://knews.kathimerini.com.cy/en/business/eurobank-to-hike-dividends-by-over-50
Eurobank has announced plans to increase its dividend payout by more than 50% next year, alongside a juicy interim dividend of €170 million, equivalent to 4.7 cents per share. The news comes despite a small dip in profits, showing the bank’s confidence in its growth path and expanding footprint....
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....
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. ...
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; ...
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....
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. ...
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. ...
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.
...
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/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/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." ...
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". ...
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....
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....
https://knews.kathimerini.com.cy/en/news/same-sex-childbearing-not-allowed-says-archbishop-george
Archbishop George of Cyprus clarifies the content of his Christmas message, which sparked political reactions....
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. ...
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....
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....
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, ...
https://knews.kathimerini.com.cy/en/news/is-cyprus-banking-sector-heading-for-a-shake-up
The Cypriot banking sector is in trouble, and it looks like Eurobank is on the verge of acquiring Hellenic Bank. Meanwhile, Astrobank and CDB Bank's relationship has shifted from a "flirtation" to an "appointment."...
https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation
The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...
