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12° Nicosia,
13 February, 2025
 

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Displaying results 1-30 of 558 matches for query deposit.

1. Four new types of branches at the Bank of Cyprus

https://knews.kathimerini.com.cy/en/business/four-new-types-of-branches-at-the-bank-of-cyprus

Bank of Cyprus branches are entering a new era, with the bank having moved to modernise the operational model of its network with four types of branches....

2. Cyprus' energy landscape shifts as ENI, Total, and Kogas withdraw from blocks

https://knews.kathimerini.com.cy/en/business/cyprus-energy-landscape-shifts-as-eni-total-and-kogas-withdraw-from-blocks

The energy landscape of Cyprus' exclusive economic zone (EEZ) is set for a major shift as the French-Italian-Korean consortium of Total, ENI, and Kogas prepares to exit Blocks 2, 3, and 9 at the end of January....

3. Cyprus ends gas exploration in blocks 2, 3, and 9 after unsuccessful results

https://knews.kathimerini.com.cy/en/news/cyprus-ends-gas-exploration-in-blocks-2-3-and-9-after-unsuccessful-results

The exploitation licences in blocks 2, 3 and 9 of the Cyprus Exclusive Economic Zone (EEZ) have expired and have not been renewed, as the exploration did not show exploitable natural gas deposits, Minister of Energy, Trade and Industry George Papanastasiou confirmed to the Cyprus News Agency (CYPE)....

4. Superhome Center sold to Greek company for €94 million

https://knews.kathimerini.com.cy/en/business/superhome-center-sold-to-greek-company-for-€94-million

The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....

5. Priced out: Londoners live in empty schools and offices as rents soar

https://knews.kathimerini.com.cy/en/life/priced-out-londoners-live-in-empty-schools-and-offices-as-rents-soar

According to CNN, as London’s rental crisis deepens, a growing number of residents are opting to live in disused schools, office buildings, and even an old cathedral to escape skyrocketing housing costs....

6. 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). ...

7. RIK welfare fund scandal: Taxpayers on the hook for mismanaged millions

https://knews.kathimerini.com.cy/en/news/rik-welfare-fund-scandal-taxpayers-on-the-hook-for-mismanaged-millions

A potential case of misappropriation of public funds has emerged involving the Cyprus Radio Broadcasting Corporation's (RIK) Welfare Fund, according to findings from the Parliamentary Control Committee....

8. Aegean tensions and Cyprus’ energy ambitions

https://knews.kathimerini.com.cy/en/business/aegean-tensions-and-cyprus-energy-ambitions

While Cyprus advances its energy ambitions, tensions between Greece and Turkey over the Aegean Sea persist....

9. 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....

10. Depositors affected by 2013 banking crisis to be compensated in May

https://knews.kathimerini.com.cy/en/news/depositors-affected-by-2013-banking-crisis-to-be-compensated-in-may

Cypriots who lost their savings during the 2013 banking crisis will finally begin receiving compensation this May, according to Finance Minister Makis Keravnos. ...

11. Investor scammed out of $58,000 in cryptocurrency fraud

https://knews.kathimerini.com.cy/en/business/investor-scammed-out-of-$58-000-in-cryptocurrency-fraud

The promise of easy profits through online investments lured a 50-year-old man into a sophisticated cryptocurrency scam, resulting in the loss of $58,000....

12. ExxonMobil to begin drilling in Cyprus’ EEZ in January 2025

https://knews.kathimerini.com.cy/en/news/exxonmobil-to-begin-drilling-in-cyprus-eez-in-january-2025

ExxonMobil’s drilling rig is set to begin operations in Cyprus’ Exclusive Economic Zone (EEZ) in mid-January 2025, according to Energy Minister George Papanastasiou. The rig will target the "Electra" site in Block 5, with the drilling process expected to last approximately one month....

13. December Newsletter of K. Treppides & Co Ltd - 13/12/2024

https://knews.kathimerini.com.cy/en/business/december-newsletter-of-k-treppides-co-ltd-13-12-2024

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

14. 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.''...

15. ECB announces final rate cut for 2024

https://knews.kathimerini.com.cy/en/business/ecb-announces-final-rate-cut-for-2024

The European Central Bank (ECB) has announced a 25 basis point reduction in interest rates, marking the fourth consecutive cut for 2024....

16. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

https://knews.kathimerini.com.cy/en/business/business-loans-on-the-rise-in-cyprus-but-consumer-borrowing-takes-a-hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...

17.  Debate intensifies over proposed 5% tax on bank profits in Cyprus

https://knews.kathimerini.com.cy/en/news/debate-intensifies-over-proposed-5-tax-on-bank-profits-in-cyprus

According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....

18. Intrakat’s €1 million debt to Cypriot subcontractors sparks legal action

https://knews.kathimerini.com.cy/en/business/intrakat-s-€1-million-debt-to-cypriot-subcontractors-sparks-legal-action

Greek-owned construction company Intrakat, which was contracted to build part of the Paphos-Polis Chrysochous motorway in Cyprus, is facing significant financial troubles, leaving behind nearly €1 million in debts to seven local subcontractors and suppliers....

19. Cybersecurity and ICT risks emerge as leading drivers of operational risk

https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

20. November Newsletter of K. Treppides & Co Ltd - 28/11/2024

https://knews.kathimerini.com.cy/en/business/november-newsletter-of-k-treppides-co-ltd-28-11-2024

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

21. Ancient maritime trade between Cyprus and Palestine unearthed

https://knews.kathimerini.com.cy/en/news/ancient-maritime-trade-between-cyprus-and-palestine-unearthed

In the summer of 2024, an excavation led by New York University at Maniki Harbour, near Agios Georgios Pegeias in Paphos, uncovered significant evidence of maritime trade connections between Cyprus and South Palestine in the 6th century AD...

22. Laiki Bank liquidator raises €90.8 million for depositor compensation

https://knews.kathimerini.com.cy/en/business/laiki-bank-liquidator-raises-€90-8-million-for-depositor-compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

23. Bank of Cyprus reports €401 million profit surge

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reports-€401-million-profit-surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

24. Hellenic Bank reports €284.4M profit for 2024

https://knews.kathimerini.com.cy/en/business/hellenic-bank-reports-€284-4m-profit-for-2024

Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....

25. Cyprus faces financial imbalance as assets fall short of liabilities

https://knews.kathimerini.com.cy/en/business/cyprus-faces-financial-imbalance-as-assets-fall-short-of-liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

26. ECB cuts rates again as Eurozone inflation and economy struggle

https://knews.kathimerini.com.cy/en/news/ecb-cuts-rates-again-as-eurozone-inflation-and-economy-struggle

The European Central Bank (ECB) has cut interest rates for the third time, marking the first consecutive reduction in 13 years....

27. Effort to create new cooperative bank in Cyprus begins with IPO search

https://knews.kathimerini.com.cy/en/news/effort-to-create-new-cooperative-bank-in-cyprus-begins-with-ipo-search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

28. Bank profits in crosshairs as tax talks heat up

https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

29. Cyprus investment funds grow to €9.4 billion in 2024

https://knews.kathimerini.com.cy/en/business/cyprus-investment-funds-grow-to-€9-4-billion-in-2024

Investment companies in Cyprus collectively manage assets worth €9.4 billion, with the amount growing by about 2.9% in the second quarter of 2024 but still below last year's figures....

30. Avvakoum monks counterattack with book 'Church - The Mafia State of Cyprus'

https://knews.kathimerini.com.cy/en/news/avvakoum-monks-counterattack-with-book-church-the-mafia-state-of-cyprus

Monks deposed in connection with the Avvakoum scandal are preparing to fight back with a forthcoming book titled 'Church - The Mafia State of Cyprus'...

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