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12° Nicosia,
30 May, 2023
 

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Displaying results 1-30 of 1217 matches for query bank.

1. Divestments trigger a risk of backlash in the Recovery Fund

https://knews.kathimerini.com.cy/en/business/divestments-trigger-a-risk-of-backlash-in-the-recovery-fund

As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...

2. US ambassador praises Cyprus on sanctions

https://knews.kathimerini.com.cy/en/news/us-ambassador-praises-cyprus-on-sanctions

US Ambassador Julie Fisher is dismissing claims that Washington is using arm-twisting tactics in Nicosia for sanctioning companies on the island, while pointing out Cypriot government statements are in line with the EU’s transatlantic consensus on Russia’s war in Ukraine...

3. EBA tightens its grip in response to sanctions

https://knews.kathimerini.com.cy/en/business/eba-tightens-its-grip-in-response-to-sanctions

Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...

4. Building land for sale by AstroBank

https://knews.kathimerini.com.cy/en/business/2-building-land-for-sale-by-astrobank

AstroBank is selling building land in various areas of Cyprus such as Famagusta, Paphos, Nicosia....

5. Christodoulides to drill EU peace role into Berlin

https://knews.kathimerini.com.cy/en/news/christodoulides-to-drill-eu-peace-role-into-berlin

Cypriot President Nikos Christodoulides travels to Berlin this week where he is expected to push once again for active EU involvement in peace talks on the divided island, a proposal so far rejected by Turkish Cypriots who call for cooperation between two states...

6. British-Cypriot forex boss found guilty of fraud

https://knews.kathimerini.com.cy/en/news/british-cypriot-forex-boss-found-guilty-of-fraud

A jury in a London court has found a forex trader of Cypriot origin guilty of fraud....

7. Cyprus Cancer Research Institute: Scientific bridge between Europe and Cyprus

https://knews.kathimerini.com.cy/en/news/cyprus-cancer-research-institute-scientific-bridge-between-europe-and-cyprus

An important project for science and humanity was inaugurated on Monday, May 22, at the University of Cyprus campus, the "Nicola David – Pinedo Building" of the Cyprus Cancer Research Institute (CCRI), made possible thanks to the donation of Georgios and Kaiti David in memory of their daughter Nikola, who passed away in 2016 due to cancer....

8. President Christodoulides engages in crucial talks with German chancellor

https://knews.kathimerini.com.cy/en/news/president-christodoulides-engages-in-crucial-talks-with-german-chancellor

President of the Republic Nikos Christoulides will hold talks on Thursday with German Chancellor Olaf Scholz in Berlin, during which they will discuss the Cyprus problem, the President's proposal for more active EU involvement in the Cyprus efforts and bilateral and international affairs....

9. CBC urges banks to embrace transformation for sustainablefuture

https://knews.kathimerini.com.cy/en/business/cbc-urges-banks-to-embrace-transformation-for-sustainablefuture

Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....

10. Deutsche Bank agrees to $75M settlement in Epstein abuse lawsuit

https://knews.kathimerini.com.cy/en/news/deutsche-bank-agrees-to-$75m-settlement-in-epstein-abuse-lawsuit

Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein and accused the German bank of facilitating his sex trafficking....

11. Cyprus banks' strict adherence to sanctions worries legitimate entities

https://knews.kathimerini.com.cy/en/business/cyprus-banks-strict-adherence-to-sanctions-worries-legitimate-entities

Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....

12. Houses and building land for sale by AstroBank

https://knews.kathimerini.com.cy/en/business/houses-and-building-land-for-sale-by-astrobank

AstroBank is selling houses and building land in various areas of Cyprus such as Nicosia, Famagusta, Paphos, and Larnaca....

13. Over 1.2 billion in Russian assets frozen in Cyprus

https://knews.kathimerini.com.cy/en/news/over-1-2-billion-in-russian-assets-frozen-in-cyprus

Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus’ Finance Ministry said Tuesday...

14. Cypriot economy maintains momentum but faces uncertainties

https://knews.kathimerini.com.cy/en/business/cypriot-economy-maintains-momentum-but-faces-uncertainties

The Cypriot economy maintained a strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking however signs of a slowdown on the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to place inflation under control....

15. BOC Chief urges sanctioned entities to seek exemptions themselves

https://knews.kathimerini.com.cy/en/business/boc-chief-urges-sanctioned-entities-to-seek-exemptions-themselves

The CEO of the Bank of Cyprus, Panicos Nicolaou, expressed the view that individuals and entities subject to sanctions should seek exemption from international authorities in order for banks to allow payments from frozen accounts to business entities....

16. BOC: First quarter of 2023 yields €95 million in profit

https://knews.kathimerini.com.cy/en/business/boc-first-quarter-of-2023-yields-€95-million-in-profit

Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....

17. Nicosia scrambles to ease sanctions burden

https://knews.kathimerini.com.cy/en/news/nicosia-scrambles-to-ease-burden-on-sanctions

The Registrar of Companies will accept requests from service providers to replace sanctioned persons with other persons, according to reliable sources...

18. Rights violations raise concerns amid sanctions

https://knews.kathimerini.com.cy/en/business/rights-violations-raise-concerns-amid-sanctions

The Pancyprian Bar Association has expressed growing concerns over the violation of fundamental rights of both individuals and legal entities affected by the recent restrictive measures and sanctions imposed on April 12, 2023....

19. Why do young people in Cyprus struggle to secure a home loan?

https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan

Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....

20. Non-compliance with US sanctions bad says CBC Governor

https://knews.kathimerini.com.cy/en/news/non-compliance-with-us-sanctions-bad-says-cbc-governor

No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...

21. Whistleblower says Biden got Burisma money through Cyprus

https://knews.kathimerini.com.cy/en/news/whistleblower-says-biden-got-burisma-money-through-cyprus

A former White House stenographer has doubled down on allegations against US President Joe Biden and a VP trip to Cyprus in May 2014, with the whistleblower blatantly speculating that a kickback payment from Burisma came out of the island...

22. BOC appoints Bank of America as joint corporate broker, resumes dividend payments

https://knews.kathimerini.com.cy/en/business/boc-appoints-bank-of-america-as-joint-corporate-broker-resumes-dividend-payments

The Bank of Cyprus has announced the appointment of Bank of America Europe DAC (BofA Securities) as a joint Corporate Broker, along with NUMIS Securities Limited (NUMIS) and Keefe, Bruyette & Woods (KBW, acting through Stifel Nicolaus Europe Limited), with immediate effect....

23. New sanctions list expected by the end of May

https://knews.kathimerini.com.cy/en/business/new-sanctions-list-expected-by-the-end-of-may

The episode with the sanctions imposed by the United States and Britain on natural and legal persons that include Cypriot names is expected to continue....

24. Building land and offices for sale by AstroBank

https://knews.kathimerini.com.cy/en/business/1-building-land-and-offices-for-sale-by-astrobank

AstroBank is selling building land, houses, and office space in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....

25. Building land and offices for sale by AstroBank

https://knews.kathimerini.com.cy/en/business/building-land-and-offices-for-sale-by-astrobank

AstroBank is selling building land, houses, and office space in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....

26. May Newsletter of K. Treppides & Co Ltd: CySEC

https://knews.kathimerini.com.cy/en/business/may-newsletter-of-k-treppides-co-ltd-cysec

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

27. Central Bank governor projects higher economic growth for 2023

https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023

On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...

28. Interest rates rise for housing and corporate loans

https://knews.kathimerini.com.cy/en/business/interest-rates-rise-for-housing-and-corporate-loans

Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....

29. Loans surge in March 2023: A mix of new and renegotiated contracts

https://knews.kathimerini.com.cy/en/news/loans-surge-in-march-2023-a-mix-of-new-and-renegotiated-contracts

Total new loans recorded an increase to €922.5 million in March 2023, compared with €527.5 million in the previous month, according to data released Friday by the Central Bank of Cyprus....

30. It's surprising how little was frozen

https://knews.kathimerini.com.cy/en/business/it-s-surprising-how-little-was-frozen

Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...

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