CLOSE
Loading...
12° Nicosia,
01 July, 2025
 

Search

Displaying results 1-30 of 590 matches for query deposit.

1. Eurobank eyes dual listing on Cyprus and Athens stock exchanges after Hellenic Bank exit

https://knews.kathimerini.com.cy/en/business/eurobank-eyes-dual-listing-on-cyprus-and-athens-stock-exchanges-after-hellenic-bank-exit

Greece’s Eurobank is considering listing its shares on the Cyprus Stock Exchange (CSE), just as Hellenic Bank prepares to officially delist on June 30, 2025, sealing a €1.3 billion investment deal that signals strong faith in the Cypriot economy....

2. MP's approve €100M fund to aid 2013 bank crisis victims

https://knews.kathimerini.com.cy/en/news/mp-s-approve-€100m-fund-to-aid-2013-bank-crisis-victims

Twelve years after the 2013 banking crisis devastated thousands of depositors and investors, Cyprus’ Parliament has approved a long-awaited budget for the National Solidarity Fund, unlocking €100 million in compensation for those hardest hit....

3. 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....

4. Fortsafe launches its first secure vault in Paphos: A new era in private storage of valuables

https://knews.kathimerini.com.cy/en/news/fortsafe-launches-its-first-secure-vault-in-paphos-a-new-era-in-private-storage-of-valuables

Fortsafe, the innovative secure storage service, has announced the launch of its first facility in Paphos, located at the Beon active office, 10 Apostolou Pavlou Street, marking a new era in the private safekeeping of documents, personal and sensitive valuable items....

5. Swiss Central Bank slashes interest rates to 0% to fight soaring Franc and deflation

https://knews.kathimerini.com.cy/en/business/swiss-central-bank-slashes-interest-rates-to-0-to-fight-soaring-franc-and-deflation

In a surprise move, Switzerland’s central bank has slashed interest rates to zero, aiming to counter falling prices and slow the rapid rise of the Swiss franc, which has been drawing heavy investment as a safe-haven currency during global economic uncertainty....

6. Alpha Bank Cyprus to acquire Astrobank in €200 million deal

https://knews.kathimerini.com.cy/en/business/alpha-bank-to-acquire-astrobank-in-€200-million-deal

Alpha Bank Cyprus will acquire the entire operations of Astrobank, excluding €15 million in non-performing loans, in a deal set to be signed Friday, June 20....

7. BoC eyes bigger role in your financial future

https://knews.kathimerini.com.cy/en/business/boc-eyes-bigger-role-in-your-financial-future

Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...

8. Cash back coming as 2013 crisis victims set for payouts in 2025

https://knews.kathimerini.com.cy/en/news/cash-back-coming-as-2013-crisis-victims-set-for-payouts-in-2025

A long-awaited boost is on the way for individuals hit hardest by Cyprus’ 2013 banking crisis. On June 6, the National Solidarity Fund (NSF) Committee finalized the structure of the 2025 Loss Compensation Plan, set to roll out later this summer....

9. From I do to I declare: Weddings now come with a bank form

https://knews.kathimerini.com.cy/en/news/from-i-do-to-i-declare-weddings-now-come-with-a-bank-form

Weddings in Cyprus come with dancing, food, and the all-important envelope. But now, it seems those envelopes might need more paperwork than your actual marriage license....

10. 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. ...

11. 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....

12. May 8th is World Red Cross and Red Crescent Day

https://knews.kathimerini.com.cy/en/news/may-8th-is-world-red-cross-and-red-crescent-day

May 8th marks a significant day for the International Red Cross and Red Crescent Movement, celebrating the dedication of millions of volunteers who selflessly provide aid in times of crisis....

13. 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....

14. Moody’s upgrades Bank of Cyprus to A3

https://knews.kathimerini.com.cy/en/business/moody-s-upgrades-bank-of-cyprus-to-a3

Moody’s Investors Service has upgraded Bank of Cyprus’ long-term deposit rating to A3 from Baa1 and revised its outlook to stable....

15. 50% of recyclables in Koshi are landfilled

https://knews.kathimerini.com.cy/en/news/50-of-recyclables-in-koshi-are-landfilled

50% of recyclable products sent to Koshi are being landfilled in the cell at the factory there, while recyclables from Limassol and Paphos, at least in recent months, are being exported abroad for management....

16. 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. ...

17. VAT challenges for Electronic Money Institutions

https://knews.kathimerini.com.cy/en/news/vat-challenges-for-electronic-money-institutions

In the digital age, Electronic Money Institutions (EMIs) have become an integral part of the financial ecosystem, offering a range of services that facilitate digital transactions....

18. Study suggests nose-picking may be linked to Alzheimer’s risk, mouse model shows

https://knews.kathimerini.com.cy/en/news/study-suggests-nose-picking-may-be-linked-to-alzheimer-s-risk-mouse-model-shows

A 2022 study led by Griffith University scientists suggests a surprising potential link between nose-picking and increased risk of Alzheimer’s disease, at least in mice....

19. Thousands ignore traffic camera fines despite extension

https://knews.kathimerini.com.cy/en/news/thousands-ignore-traffic-camera-fines-despite-extension

Most drivers caught by traffic cameras in Cyprus are still not paying their fines, despite repeated warnings and an extension that gave them extra time to settle the penalties....

20. 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....

21. Trump’s tariff blitz threatens Cyprus’ push for U.S. investments

https://knews.kathimerini.com.cy/en/news/trump-s-tariff-blitz-threatens-cyprus-push-for-u-s-investments

Former U.S. President Donald Trump’s dramatic declaration of a ''Liberation” Day'', marked by the sudden imposition of 20% tariffs on imports from the European Union, as well as from Japan, India, Switzerland and China, has sent shockwaves across global markets and ignited fresh fears of a prolonged U.S.-Europe economic standoff....

22. 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....

23. The best bank to ever come out of Cyprus?

https://knews.kathimerini.com.cy/en/business/the-best-bank-to-ever-come-out-of-cyprus

The management of Hellenic Bank has set an ambitious goal for the new structure that will emerge in the coming months following its consolidation with Eurobank Cyprus....

24. 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,...

25. ECB cuts interest rates by 25 points as inflation eases

https://knews.kathimerini.com.cy/en/news/ecb-cuts-interest-rates-by-25-basis-points-as-inflation-eases

The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....

26. 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. ...

27. Supreme Court ruling forces ''haircut'' victims to district courts

https://knews.kathimerini.com.cy/en/news/supreme-court-ruling-forces-haircut-victims-to-district-courts

The Cyprus Supreme Court has confirmed that cases related to the controversial 2013 ''haircuts'' at Bank of Cyprus and Laiki Bank must be heard by District Courts, not the Administrative Court, according to a statement from the Legal Service. ...

28. Cyprus strikes energy deals, but ‘Aphrodite’ gas delayed until 2031

https://knews.kathimerini.com.cy/en/news/cyprus-strikes-energy-deals-but-‘aphrodite-gas-delayed-until-2031

Last Friday marked the conclusion of long-running negotiations between the Republic of Cyprus and the consortium developing the Aphrodite gas field, led by U.S. energy giant Chevron. ...

29. 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....

30. Cyprus and Egypt join forces on major energy projects

https://knews.kathimerini.com.cy/en/news/cyprus-and-egypt-join-forces-on-major-energy-projects

The Christodoulides administration places great strategic importance—both in terms of energy and geopolitics—on the President’s visit to Egypt....

X