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12° Nicosia,
14 July, 2024
 

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Displaying results 1-30 of 521 matches for query banking.

1. Cyprus banks receive upgrades, signal economic resilience

https://knews.kathimerini.com.cy/en/business/cyprus-banks-receive-upgrades-signal-economic-resilience

In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....

2. 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....

3. AstroBank wins international recognition for the second consecutive year

https://knews.kathimerini.com.cy/en/business/astrobank-wins-international-recognition-for-the-second-consecutive-year

AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year. ...

4. ECB concerned over Cypriot bank profit tax proposal

https://knews.kathimerini.com.cy/en/news/ecb-concerned-over-cypriot-bank-profit-tax-proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

5. Fitch elevates Hellenic Bank’s credit rating

https://knews.kathimerini.com.cy/en/news/fitch-elevates-hellenic-bank-s-credit-rating

Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'. ...

6. Banks contribute over €854M in taxes amid controversy over proposed levy

https://knews.kathimerini.com.cy/en/news/banks-contribute-over-€854m-in-taxes-amid-controversy-over-proposed-levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

7. BBF announces the full sale of four Class A business centers in Cyprus in the past 12 months

https://knews.kathimerini.com.cy/en/news/bbf-announces-the-full-sale-of-four-class-a-business-centers-in-cyprus-in-the-past-12-months

BBF, Limassol’s top luxury residential developer, successfully sold out four Class A office buildings within the last year. Spanning a total area of approximately 20,000 sq. m., the full sale of bbf: latitude, bbf: liberty, bbf: benchmark, and bbf: summit solidifies BBF’s position as a leading name in Cyprus's commercial real estate market as well....

8. Standard & Poor’s upgrades Bank of Cyprus rating

https://knews.kathimerini.com.cy/en/news/standard-poor-s-upgrades-bank-of-cyprus-rating

Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....

9. PwC Cyprus is strengthened with new partners

https://knews.kathimerini.com.cy/en/news/pwc-cyprus-is-strengthened-with-new-partners

As PwC Cyprus continues its successful re-invention and shift to a new business model, fit and relevant for the new market conditions and opportunities, ...

10. 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......

11. Politico: Cyprus is the solution, not the problem

https://knews.kathimerini.com.cy/en/news/politico-cyprus-is-the-solution-not-a-problem

Despite its long-standing division, Cyprus is emerging as a crucial player in the Middle East, offering a stable platform for political, economic, humanitarian, and military operations, according to an article published today in Politico by Ivo Daalder....

12. 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,...

13. Cyprus tourism hit by May slump

https://knews.kathimerini.com.cy/en/news/cyprus-tourism-hit-by-may-slump

Banks caution against high expectations for new tourism records in Cyprus, citing a lackluster performance in May, according to a report by Panayiotis Rougalas on this Sunday's Kathimerini (9 June 2024)....

14. Fitch upgrades Cyprus to 'BBB+'

https://knews.kathimerini.com.cy/en/business/fitch-upgrades-cyprus-to-bbb

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

15. Keravnos continues to call on banks to slash interest rates

https://knews.kathimerini.com.cy/en/news/keravnos-continues-to-call-on-banks-to-slash-interest-rates

Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...

16. New banknotes featuring King Charles released in the UK

https://knews.kathimerini.com.cy/en/news/new-banknotes-featuring-king-charles-released-in-the-uk

Banknotes bearing the portrait of King Charles III have been released into circulation for the first time today. ...

17. Eurobank takes control with 55.3% share in Hellenic Bank

https://knews.kathimerini.com.cy/en/news/eurobank-takes-control-with-55-3-share-in-hellenic-bank

The European Central Bank (ECB) has given its approval for Eurobank to acquire a majority stake of over 50% in Hellenic Bank, marking a significant milestone in the banking landscape of Cyprus....

18. ECB approves Eurobank's acquisition of majority stake in Hellenic Bank

https://knews.kathimerini.com.cy/en/news/ecb-approves-eurobank-s-acquisition-of-majority-stake-in-hellenic-bank

The European Central Bank (ECB) has granted the necessary approvals for Eurobank to acquire a 55.3% stake in Hellenic Bank....

19. Profits soared in Cyprus banking sector in 2023

https://knews.kathimerini.com.cy/en/business/profits-soared-in-cyprus-banking-sector-in-2023

The Cyprus banking sector experienced a significant surge in profitability by the end of 2023, as indicated by key financial indicators from the Central Bank of Cyprus (CBC)....

20. CDB Bank partners with Bank of New York Mellon

https://knews.kathimerini.com.cy/en/news/cdb-bank-partners-with-bank-of-new-york-mellon

cdbbank announces the beginning of its cooperation with the Bank of New York Mellon as correspondent bank. ...

21. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

22. A taste of the first 'Green Agenda Cyprus Summit'

https://knews.kathimerini.com.cy/en/news/a-taste-of-the-first-green-agenda-cyprus-summit

The inaugural "Green Agenda Cyprus Summit" was held on Monday, May 20, at the Hilton Hotel in Nicosia. The event brought together leaders from Cyprus' business community and featured prominent speakers and experts on environmental, sustainability, and energy issues from around the world, aiming to inspire and motivate attendees....

23. Green transition: Cyprus in the spotlight

https://knews.kathimerini.com.cy/en/news/green-transition-cyprus-in-the-spotlight

The first ''Green Agenda Cyprus Summit,'' organized by the Digital Agenda Cyprus Summit and the newspaper ''KATHIMERINI,'' was a resounding success. The event took place at the Hilton Hotel in Nicosia....

24. Banks stress need for government support in ESG initiatives

https://knews.kathimerini.com.cy/en/news/banks-stress-need-for-government-support-in-esg-initiatives

Banks are urging a combination of government and regulatory policies to achieve a healthy, effective, and optimal green transition in Cyprus....

25. Seven weeks after bridge incident, crew still trapped on Baltimore ship

https://knews.kathimerini.com.cy/en/news/seven-weeks-after-bridge-incident-crew-still-trapped-on-baltimore-ship

As a controlled explosion rocked the Dali on Monday, nearly two dozen sailors remained on board, below deck in the massive ship's hull....

26. Banking sector's pledge to environmental transition

https://knews.kathimerini.com.cy/en/news/banking-sector-s-pledge-to-environmental-transition

Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....

27. 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. ...

28. New CEO for Cablenet Communication Systems plc in Cyprus

https://knews.kathimerini.com.cy/en/business/new-ceo-for-cablenet-communication-systems-plc-in-cyprus

Ioannis Mavridis, a seasoned executive with over 20 years’ international experience in the banking and telecoms industries, will be assuming the role of CEO......

29. MP Neofytou proposes €11,000 immediate payout for solidarity fund recipients

https://knews.kathimerini.com.cy/en/news/mp-neofytou-proposes-11-000-immediate-payout-for-solidarity-fund-recipients

Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....

30. Our neighborhood just got unpredictable again

https://knews.kathimerini.com.cy/en/comment/opinion/our-neighborhood-just-got-unpredictable-again

This part of the world has always been full of surprises. The most recent came on Friday afternoon when Turkish President Recep Tayyip Erdogan lashed out at the United States and Israel and said he was calling off a planned visit to Washington. ...

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