Search

481. Cypriot NPLs unchanged in November

Total nonperforming loans (NPLs) in Cyprus’ banking sector saw no significant change in November 2021, reaching 4.24 billion euros from €4.26 billion the previous month, according to data released on Friday by the Central Bank of Cyprus....

482. Cypriot video game designer denies links to malware found before Russian invasion

A 24-year-old videogame designer who runs his small business out of a home next to an old Cypriot church in a quiet suburb of Nicosia now finds himself entangled in a global crisis following the Russian invasion of Ukraine....

483. Historic leak of Swiss banking records reveals unsavory clients

Despite two decades of pledges by Credit Suisse to crack down on illegitimate funds, data leaked from the bank reveals that it catered to dozens of criminals, dictators, intelligence officials, sanctioned parties and political actors with outsized wealth....

484. Digital ruble trial goes live as Bank of Russia insists on Bitcoin ban

Amid more reports on the Bank of Russia rejecting the Finance Ministry’s proposal of cryptocurrency regulation, the central bank has kicked off trials of its own digital currency....

485. Op-ed: Complicated relationships amidst a crisis

The Ukrainian crisis and the diplomatic initiatives of recent days are shedding light on the complex alliances being tested and on the possible new outbreaks of tension....

486. Can banking institutions unilaterally impose new policies on clients with housing loan agreements?

I have recently been dealing with a case where a banking institution in Cyprus has requested from the client to either repay his housing loan earlier or transfer his loan to another bank. ...

487. NPLs in Cyprus banks down by €32 million at the end of October

Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion....

488. MONEYVAL: Cyprus makes some progress in the fight against money laundering

Cyprus has made some progress in the fight against money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL....

489. NPLs in Cyprus decrease €722 million at the end of September

Α decrease of €722 million or 14.4% was recorded at the end of September 2021 in aggregate Non-Performing Loans (NPLs) compared with the end of June 2021, according to data released Friday by the Central Banks of Cyprus (CBC)....

490. Reflections on 20 years of the euro

Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....

491. Loan restructurings in the Cyprus reached almost €2 billion due to Covid

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began in end-2014....

492. How can banks use smart automation to improve customer service?

In all industries, there are often many tasks that require the attention of employees, but do not fully utilize their skills, such as archiving, entering data or replying to a routine email....

493. Cyprus makes progress in fight against terrorist financing

Cyprus has continued to make progress in strengthening banking efforts to combat terrorist financing, according to the State Department's report on terrorism for 2020. ...

494. Bank of Cyprus to impose new and increased fees from February 15, 2022

Bank of Cyprus will be imposing new and increased fees by February 2022, adopting the general trend of the European banking sector of increasing bank charges to cover a reduction of income stemming from low interest rates....

495. More foreign banks come to Athens

Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...

496. Former Finance Minister Michalis Sarris new president of AstroBank

Mr. Michalis Sarris, former Minister of Finance, assumes the chairmanship of the Board of Directors of AstroBank....

497. Moves to make banking faster

As part of the strategy to create faster, more flexible and efficient banking services, the Governor of the Central Bank of Cyprus (CBC), Mr. Konstantinos Herodotou,...

498. Clarifications Min. Health for the new measures - The exceptions for telework

In a written announcement, the Ministry of Health clarified the new measures that were decided upon during yesterday's meeting of the Council of Ministers....

499. Debt sustainability in all Member States

ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union. ...

500. Announcement of Appointment of Directors & Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. ...

501. Cypriot banks to reduce costs

The President of the European Banking Authority speaks to "K"...

502. Cyprus frets ‘pandoramonium’ overshadowing good work

The Cypriot finance ministry says a European Parliament resolution on Pandora Papers and subsequent criticism by local opposition is overshadowing the amount of good work that has been done on the island against illegal activities, as some parties are calling on the president to step down...

503. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

504. Electronic Money and Payment Institutions launch professional association

ECOMMBX is proud to announce the establishment of the Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), with a number of the company’s management team members among the new Association’s leadership....

505. Police warn public about phony text messages

Police are warning the public against fraudulent text messages with links to Banking and Credit Institutions....

506. EY and IIF survey shows climate change top concern for banks

507. Legal defends blacked out passport report

The Legal department in the Republic of Cyprus has issued its final report on golden passports, but its decision to include privacy issues as a reason to black out information has come under media scrutiny...

508. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

509. EY: Liquidity-fueled IPO markets break records in Q1 2021

510. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....