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12° Nicosia,
22 November, 2024
 

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Displaying results 31-60 of 688 matches for query loan.

31. Cyprus banks hike mortgage rates as new loans drop by a third in August

https://knews.kathimerini.com.cy/en/news/cyprus-banks-hike-mortgage-rates-as-new-loans-drop-by-a-third-in-august

Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday....

32. Cyprus' credit rating upgraded due to strong economy and lower debt

https://knews.kathimerini.com.cy/en/news/cyprus-credit-rating-upgraded-due-to-strong-economy-and-lower-debt

Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....

33. Cyprus banks have €28.7 billion in cash and liquidity

https://knews.kathimerini.com.cy/en/news/cyprus-banks-have-€28-7-billion-in-cash-and-liquidity

The amount of liquidity in Cyprus's banking system rose to €28.7 billion in August 2024, according to the Central Bank of Cyprus (CBC). This increase was fueled by a growth in deposits alongside a decline in loans....

34. 127,236 people in Cyprus were at risk of poverty in 2023

https://knews.kathimerini.com.cy/en/news/127-236-people-in-cyprus-were-at-risk-of-poverty-in-2023

Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....

35. Tighter lending rules for businesses while household loans remain steady

https://knews.kathimerini.com.cy/en/business/tighter-lending-rules-for-businesses-while-household-loans-remain-steady

Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....

36. Cyprus falls behind on EU recovery plan, meets only 5% of targets

https://knews.kathimerini.com.cy/en/news/cyprus-falls-behind-on-eu-recovery-plan-meets-only-5-of-targets

In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....

37. Cypriot loan servicers struggle as red loans hit €21.2B

https://knews.kathimerini.com.cy/en/news/cypriot-loan-servicers-struggle-as-red-loans-hit-€21-2b

While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...

38. Moody’s sees positive outlook for Hellenic Bank following Eurobank deal

https://knews.kathimerini.com.cy/en/news/moody-s-sees-positive-outlook-for-hellenic-bank-following-eurobank-deal

Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive. ...

39. Hellenic Bank boosts first-time buyers with reduced rates

https://knews.kathimerini.com.cy/en/news/hellenic-bank-boosts-first-time-buyers-with-reduced-rates

Hellenic Bank has introduced a new scheme offering reduced interest rates for first-time homebuyers....

40. Homebuyers face mounting debts as developers' loans go unpaid

https://knews.kathimerini.com.cy/en/news/homebuyers-face-mounting-debts-as-developers-loans-go-unpaid

41. Bank of Cyprus reduces loan rates to 3.65% amid ECB policy shift

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-reduces-loan-rates-to-3-65-amid-ecb-policy-shift

The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....

42. Brexit leads to sharp decline in EU students at UK universities

https://knews.kathimerini.com.cy/en/business/brexit-leads-to-sharp-decline-in-eu-students-at-uk-universities

The number of students from the European Union enrolling in British universities has dropped sharply since Brexit, new figures show. There are fewer students from Italy, Germany, and France coming to study in the UK....

43. AEGEAN announces a €25M Investment in Volotea

https://knews.kathimerini.com.cy/en/business/aegean-announces-a-€25m-investment-in-volotea

Aegean Airlines S.A. (''AEGEAN'') is pleased to announce an investment of €25M in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona, Spain....

44. Cyprus sees higher borrowing costs, lower deposit rates in July

https://knews.kathimerini.com.cy/en/news/cyprus-sees-higher-borrowing-costs-lower-deposit-rates-in-july

Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....

45. Hellenic Bank's profits surge amid higher lending rates

https://knews.kathimerini.com.cy/en/business/hellenic-bank-s-profits-surge-amid-higher-lending-rates

Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....

46. Cyprus banks report €164.7 million deposit increase in July

https://knews.kathimerini.com.cy/en/news/cyprus-banks-report-€164-7-million-deposit-increase-in-july

Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....

47. Cyprus to offer more affordable homes with CLDC's three-part plan

https://knews.kathimerini.com.cy/en/news/cyprus-to-offer-more-affordable-homes-with-cldc-s-three-part-plan

The development programme of the Cyprus Land Development Corporation (CLDC) will move along three pillars in order for the organisation to provide affordable housing for purchase or rent to beneficiaries, is Director General Eleni Symeonidou, has told the Cyprus News Agency, stressing the contribution of the organisation in easing the housing shortage....

48. Fake contests and phishing scams surge, warns Cyprus Consumers Association

https://knews.kathimerini.com.cy/en/news/fake-contests-and-phishing-scams-surge-warns-cyprus-consumers-association

The Cyprus Consumers Association (CSC) has issued a warning about a surge in consumer fraud, where cunning individuals employ various tricks to extort money from unsuspecting victims. ...

49. Bank of Cyprus sees 23% profit growth, raises financial targets

https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sees-23-profit-growth-raises-financial-targets

The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...

50. EU bolsters Lebanon with €1B aid package

https://knews.kathimerini.com.cy/en/news/eu-bolsters-lebanon-with-€1b-aid-package

The European Union has begun political dialogue with the Lebanese government to implement critical reforms, backed by substantial EU funding. ...

51. Central Bank revises GDP growth to 3%

https://knews.kathimerini.com.cy/en/news/central-bank-revises-gdp-growth-to-3

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......

52. Cypriot banks show resilience amid challenges, says CBC Governor

https://knews.kathimerini.com.cy/en/business/cypriot-banks-show-resilience-amid-challenges-reports-central-bank-governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

53. Eurobank Cyprus reports €105.7M net profit for H1 2024

https://knews.kathimerini.com.cy/en/news/eurobank-cyprus-reports-€105-7m-net-profit-for-h1-2024

Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....

54. Bank of England cuts interest rates after nearly a year of stability

https://knews.kathimerini.com.cy/en/business/bank-of-england-cuts-interest-rates-after-nearly-a-year-of-stability

The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....

55. Cyprus sees significant uptick in new loans

https://knews.kathimerini.com.cy/en/news/cyprus-sees-significant-uptick-in-new-loans

In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....

56. CBC enforces 11.76% cap on loan interest rates

https://knews.kathimerini.com.cy/en/news/cbc-enforces-11-76-cap-on-loan-interest-rates

The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with its provisions, determines the reference interest rate to be 11.76%....

57. EU Prosecutor probes Vasilikos LNG project for fraud

https://knews.kathimerini.com.cy/en/news/eu-prosecutor-probes-vasilikos-lng-project-for-fraud

The European Public Prosecutor's Office (EPPO) has launched an investigation into the Vasilikos liquefied natural gas (LNG) import terminal project in Cyprus, amid suspicions of public procurement fraud, misappropriation of EU funds, and corruption. ...

58. Anastasiades speaks out on Cyprus solution, corruption, and political ties

https://knews.kathimerini.com.cy/en/news/anastasiades-speaks-out-on-cyprus-solution-corruption-and-political-ties

In one of his most candid interviews to date, former President Nicos Anastasiades discussed the Cyprus problem and the talks held in Crans-Montana with Marina Economides in "K". ...

59. Supreme Court stands firm, guarantors must pay €30K loan debt

https://knews.kathimerini.com.cy/en/business/supreme-court-stands-firm-guarantors-must-pay-€30k-loan-debt

In a unanimous decision, the Supreme Court of Cyprus has dismissed the appeal of two individuals contesting a ruling by the Paphos District Court, which held them liable for €30,244.32 plus interest and costs, as guarantors of a business loan granted by Laiki Bank in 2002....

60. Cyprus grapples with displacement 50 years after Turkish invasion

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-displacement-50-years-after-turkish-invasion

The violent displacement of tens of thousands of Cypriots following the Turkish invasion in July 1974 remains a festering wound for Cyprus....

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