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12° Nicosia,
06 July, 2025
 

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Displaying results 1-30 of 347 matches for query banks. loans.

1. Cyprus returns to three systemic banks after Alpha Bank Cyprus-AstroBank deal

https://knews.kathimerini.com.cy/en/business/cyprus-returns-to-three-systemic-banks-after-alpha-bank-cyprus-astrobank-deal

Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....

2. Bank of Cyprus sells €75M worth of Paphos property to Exness

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....

3. Thousands see cheaper monthly payments as BOC lowers loan rates

https://knews.kathimerini.com.cy/en/business/thousands-see-cheaper-monthly-payments-as-boc-lowers-loan-rates

Cyprus homeowners and businesses, take note: your loan payments might be about to shrink....

4. Good news for borrowers as ECB to cut interest rates

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. ...

5. Cypriots rush to borrow as rates drop, but are banks repeating old mistakes?

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; ...

6. EAC Chairman admits project costs overstated, downplays need for tariff hike

https://knews.kathimerini.com.cy/en/news/eac-chairman-admits-project-costs-overstated-downplays-need-for-tariff-hike

The Board of Directors of the Electricity Authority of Cyprus (EAC) is set to review potential electricity tariff adjustments this week, but EAC Chairman Giorgos Petrou said he does not expect a rate increase will be necessary....

7. Major win for borrowers as court orders banks to stop using abusive loan terms

https://knews.kathimerini.com.cy/en/news/major-win-for-borrowers-as-court-orders-banks-to-stop-using-abusive-loan-terms

Thousands of borrowers across Cyprus could soon see fairer treatment from banks, thanks to a landmark court decision banning the use of abusive clauses in loan contracts....

8. Cyprus borrowers are back as loan demand soars in 2025

https://knews.kathimerini.com.cy/en/business/cyprus-borrowers-are-back-as-loan-demand-soars-in-2025

Cyprus banks had a busy first quarter in 2025, handing out €1.24 billion in new loans, as falling interest rates sparked renewed interest in borrowing....

9. New 15% tax hits Hellenic and other banks

https://knews.kathimerini.com.cy/en/business/new-15-tax-hits-hellenic-hard-as-profits-drop-by-half

Hellenic Bank has just become the poster child for how Cyprus’ new 15% minimum tax law is starting to shake up the financial sector — and it’s not just about tax bills....

10. Cyprus courts facing backlog of non-performing loan cases

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....

11. Cypriot banks on the rise as credit upgrades could mean cheaper loans for all

https://knews.kathimerini.com.cy/en/news/cypriot-banks-on-the-rise-as-credit-upgrades-could-mean-cheaper-loans-for-all

Cypriot banks are starting 2025 on a high note, collecting credit upgrades from major international rating agencies and setting the stage for wider economic benefits that could reach the average citizen....

12. Ancoria Bank shifts to Cypriot hands in major shake-up

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. ...

13. Bank of Cyprus cuts loan rates again, giving borrowers a breather

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-cuts-loan-rates-again-giving-borrowers-a-breather

Good news is finally landing in the inboxes of thousands of borrowers across Cyprus, as the Bank of Cyprus announced another interest rate cut that should make monthly loan payments a little easier to swallow....

14. Mortgage rates dip in Cyprus, but we're still paying more than the rest of Europe

https://knews.kathimerini.com.cy/en/business/mortgage-rates-dip-in-cyprus-but-we-re-still-paying-more-than-the-rest-of-europe

Mortgage interest rates in Cyprus dipped slightly in February, offering some relief to prospective homeowners, but don't pop the champagne just yet. Despite the modest cuts, borrowing in Cyprus remains noticeably more expensive than in the rest of the Eurozone....

15. Cyprus surges ahead amid global economic headwinds

https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-surges-ahead-amid-global-economic-headwinds

It’s hard to overstate the progress Cyprus has made in recent years. Once overshadowed by economic turmoil, the island has emerged as a standout in the Mediterranean, blending resilience with opportunity....

16. Bank of Cyprus upgraded to investment grade by Fitch

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-upgraded-to-investment-grade-by-fitch

The Bank of Cyprus has just hit another major milestone—Fitch Ratings has upgraded the bank to investment grade, marking the third global rating agency to do so. ...

17. Eurobank Cyprus: Stronger in 2024, with a net profit of €214mn

https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-stronger-in-2024-with-a-net-profit-of-€214mn

Eurobank Cyprus ended 2024 with increased profitability strong capital adequacy and maintained its good loan portfolio quality. The results reaffirm the Bank’s sound performance and resilience, the effective management of challenges in 2024,...

18. Cyprus banks hit record high profits despite ECB rate cuts

https://knews.kathimerini.com.cy/en/business/cyprus-banks-hit-record-high-profits-despite-ecb-rate-cuts

Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...

19. Bank of Cyprus posts €508M profit for 2024

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-€508m-profit-for-2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

20. Cyprus Central Bank sets interest rate limits to protect consumers

https://knews.kathimerini.com.cy/en/business/cyprus-central-bank-sets-interest-rate-limits-to-protect-consumers

The Central Bank of Cyprus (CBC) has announced that the official reference interest rate will be set at 11.50%. This means that banks and other lenders in Cyprus must not charge higher rates than this when offering loans, extending payment terms, or renewing loans. ...

21. Cyprus ended 2024 with a banking boom as loans and deposits surged

https://knews.kathimerini.com.cy/en/business/cyprus-ended-2024-with-a-banking-boom-as-loans-and-deposits-surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

22. It was a low bar

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. ...

23. New lending boosted by interest rates and government plans

https://knews.kathimerini.com.cy/en/business/new-lending-boosted-by-interest-rates-and-government-plans

A favorable landscape for Cypriot borrowers is taking shape in 2025, laying the groundwork for a strong year in new lending....

24. Cyprus banks see €1 billion in profits as NPL's decline in 2024

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. ...

25. President's banking measures spark surge in first-home loans

https://knews.kathimerini.com.cy/en/business/president-s-banking-measures-spark-surge-in-first-home-loans

President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....

26. 2025: A new chapter for Cyprus’s property market

https://knews.kathimerini.com.cy/en/comment/opinion/2025-a-new-chapter-for-cyprus-s-property-market

2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....

27. Banks under fire: How public pressure forced a shake-up

https://knews.kathimerini.com.cy/en/news/banks-under-fire-how-public-pressure-forced-a-shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

28. Bank of Cyprus rolls out support measures for vulnerable groups

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-rolls-out-support-measures-for-vulnerable-groups

After a tense voting session last week, when the bill to tax bank profits narrowly failed to pass in Parliament, the Bank of Cyprus seems to be stepping up with measures aimed at helping vulnerable communities across the island. ...

29. Moody’s Nick Hill on financial risks and opportunities for 2025

https://knews.kathimerini.com.cy/en/business/moody-s-nick-hill-on-financial-risks-and-opportunities-for-2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

30. Geopolitical turbulence presents a looming threat to 2025 economic growth

https://knews.kathimerini.com.cy/en/business/geopolitical-pressures-threaten-2025-recovery

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

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