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12° Nicosia,
09 July, 2020
 

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Displaying results 1-30 of 166 matches for query banks.

1. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

https://knews.kathimerini.com.cy/en/news/moody-s-payment-holidays-shield-cyprus-banks-in-2020-but-deterioration-likely-in-2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

2. Market sentiment looking up, FinMin says

https://knews.kathimerini.com.cy/en/news/market-sentiment-looking-up-finmin-says

Market sentiment is looking up, Finance Minister Constantinos Petrides said Tuesday after a broad meeting at the Presidential Palace between President Nicos Anastasiades and representatives of financial institutions....

3. The market needs oxygen, FinMin says

https://knews.kathimerini.com.cy/en/news/the-market-needs-oxygen-finmin-says

The market needs oxygen, Finance Minister Constantinos Petrides said Monday, stressing that the least citizens expect from politicians is to reach a consensus in order to support the economy in line with a prudent policy without placing it in further danger....

4. Police checks to be stepped up as restrictions loosen

https://knews.kathimerini.com.cy/en/news/police-checks-to-be-stepped-up-as-restrictions-loosen

Cyprus police won’t be easing up on checks as the island gradually begins to loosen restriction measures, on the contrary, patrols will be stepped up, the Chief of Police stressed....

5. More Cypriots ditch cash during pandemic

https://knews.kathimerini.com.cy/en/news/more-cypriots-ditch-cash-during-pandemic

Cypriot consumers are increasingly turning to debit and credit cards as opposed to traditional cash payments for their daily needs amid the coronavirus pandemic, data by JCC payments systems show ...

6. Lagarde draws line on how far ECB largesse can go

https://knews.kathimerini.com.cy/en/news/lagarde-draws-line-on-how-far-ecb-largesse-can-go

European Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken eurozone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult....

7. To wear or not to wear

https://knews.kathimerini.com.cy/en/news/to-wear-or-not-to-wear

Recommendations on the use of face masks vary in the Republic of Cyprus, in the midst of a full-blown coronavirus pandemic, with members of the public essentially making that call based on the latest information they can find...

8. Coronavirus derails southern Europe's clean-up from the last crisis

https://knews.kathimerini.com.cy/en/news/coronavirus-derails-southern-europe-s-clean-up-from-the-last-crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

9. Over 23,000 applications filed for suspension of loan payments

https://knews.kathimerini.com.cy/en/news/over-23-000-applications-filed-for-suspension-of-loan-payments

More than 23,000 persons have applied to the island’s two largest banks for a suspension of loan repayments, as retail borrowers and companies are trying to preserve disposable income amid the economic activity shutdown due to the coronavirus pandemic....

10. Coronavirus’ impact on local businesses

https://knews.kathimerini.com.cy/en/business/coronavirus-impact-on-local-businesses

The organisation’s experts discuss the developments and analyse the measures that need to be taken to address the challenges...

11. Cyprus gets tougher with stricter bundle of measures

https://knews.kathimerini.com.cy/en/news/cyprus-gets-tougher-with-stricter-bundle-of-measures

Stricter measures to contain the spread of coronavirus were announced by the Health Minister on Monday as the island scrambles to curb the steadily rising deaths and infections....

12. Loan payments to be suspended for nine months

https://knews.kathimerini.com.cy/en/news/loan-payments-to-be-suspended-for-nine-months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

13. Government considering to give banks €2b in state guarantees to unlock credit

https://knews.kathimerini.com.cy/en/news/government-considering-to-give-banks-€2b-in-state-guarantees-to-unlock-credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

14. Financial measures tackle coronavirus in Cyprus

https://knews.kathimerini.com.cy/en/business/financial-measures-tackle-coronavirus-in-cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

15. Main hospitals partially resume operations, blood banks low

https://knews.kathimerini.com.cy/en/news/main-hospitals-partially-resume-operations-blood-banks-low

The island’s two main hospitals partially resumed operations on Thursday when coronavirus cases rose to seven after a person who recently returned from the UK tested positive....

16. Mixed reviews on anti-money laundering

https://knews.kathimerini.com.cy/en/news/mixed-reviews-for-cyprus-anti-money-laundering

A US State Department anti-money laundering report on Cyprus includes fewer negative references but still points to vulnerabilities in the island’s financial services and gaming sectors...

17. Guards use tear gas to disperse hundreds of migrants at Greek-Turkish border

https://knews.kathimerini.com.cy/en/news/guards-use-tear-gas-to-disperse-hundreds-of-migrants-at-greek-turkish-border

Guards on Greece’s northeastern land border with Turkey made “deterrent use” of tear gas to disperse some 500 refugees and migrants trying to enter the country and the European Union after Ankara loosened controls on migrant flows....

18. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

https://knews.kathimerini.com.cy/en/business/new-life-in-cyprus-of-russian-businessman-after-unfair-seizure-of-promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

19. Cyprus enjoys strong growth prospects but contingent liabilities remain

https://knews.kathimerini.com.cy/en/business/cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain

Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs, as well as weaker external conditions, pose risks to the fiscal outlook, Scope rating agency said in commentary on Cyprus....

20. EIB President in Cyprus to discuss bank’s investment in the country

https://knews.kathimerini.com.cy/en/business/eib-president-in-cyprus-to-discuss-bank-s-investment-in-the-country

The European Investment Bank (EIB) President, Werner Hoyer, was in Cyprus on Monday to update President Nicos Anastasiades on recent and future investment on the island, and to review improvements the education sector which has enjoyed significant ECB investment....

21. Banks must find new profitable products, CBC Governor says

https://knews.kathimerini.com.cy/en/news/banks-must-find-new-profitable-products-cbc-governor-says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

22. In Paris visit, Greek, French ministers agree to boost investments

https://knews.kathimerini.com.cy/en/news/in-paris-visit-greek-french-ministers-agree-to-boost-investments

Finance Minister Christos Staikouras, Development and Investments Minister Adonis Georgiadis and French Minister of Economy and Finance Bruno Le Maire, signed a declaration of intent on the Greek-French economic partnership in Paris on Wednesday, aimed at boosting investments....

23. How Russian uncapitalism works

https://knews.kathimerini.com.cy/en/business/how-russian-uncapitalism-works

Like a private equity firm enacting an acquisition-led ‘roll-up’ in a fragmented sector, Putin and Co in Russian have been busy in recent years quietly taking scores of small banks into state ownership...

24. Cyprus pays off costly crisis loan early

https://knews.kathimerini.com.cy/en/news/cyprus-pays-off-costly-crisis-loan-early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

25. Thousands of Greek cards to be replaced in travel website data breach

https://knews.kathimerini.com.cy/en/news/thousands-of-greek-cards-to-be-replaced-in-travel-website-data-breach

Greece’s four systemic banks have canceled or are planning to cancel and replace up to 15,000 credit and debit cards, after the payment card data used by some of their customers on a Greek online tourist services portal was hacked....

26. CITR Cyprus calls for modern insolvency rules

https://knews.kathimerini.com.cy/en/business/citr-cyprus-calls-for-modern-insolvency-rules

27. Central warns banks ‘not to overdo it’

https://knews.kathimerini.com.cy/en/news/central-warns-banks-‘not-to-overdo-it

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...

28. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

29. MAP S.Platis joins forces with global firm FTI Consulting

https://knews.kathimerini.com.cy/en/business/map-s-platis-joins-forces-with-global-firm-fti-consulting

30. Impeachment inquiry hits close to home

https://knews.kathimerini.com.cy/en/news/impeachment-inquiry-hits-close-to-home

Congresswoman Maxine Waters says there is “absolutely” enough evidence to draft articles of impeachment against Trump, adding that she and other committee chairs can finish their investigations “before the year is out"...

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