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12° Nicosia,
02 December, 2022
 

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Displaying results 1-30 of 288 matches for query loans.

1. Cyprus gets taste of EU’s €85 million with a caveat

https://knews.kathimerini.com.cy/en/news/cyprus-gets-taste-of-eu-s-€85-million-with-a-caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

2. €76.4m profit in first 9 months of 2022 for Hellenic

https://knews.kathimerini.com.cy/en/business/€76-4m-profit-in-first-9-months-of-2022-for-hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

3. World's largest crypto exchange platform to set up shop in Cyprus

https://knews.kathimerini.com.cy/en/business/world-s-largest-crypto-exchange-platform-to-set-up-shop-in-cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

4. Op-ed: The effects of Global warming on banks and insurance companies

https://knews.kathimerini.com.cy/en/business/op-ed-the-effects-of-global-warming-on-banks-and-insurance-companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

5. Small number of banks meeting new loan demand

https://knews.kathimerini.com.cy/en/business/small-number-of-banks-meeting-new-loan-demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

6. 14 billion euros of loans on ice due to the suspension of foreclosure sales

https://knews.kathimerini.com.cy/en/news/14-billion-euros of-loans-on-ice-due-to-the-suspension-of-foreclosure-sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

7. The consequences of continuing foreclosure suspensions

https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions

Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....

8. 'The suspension of foreclosure sales is tragic for the country'

https://knews.kathimerini.com.cy/en/business/the-suspension-of-foreclosure-sales-is-tragic-for-the-country

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

9. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

https://knews.kathimerini.com.cy/en/news/ecb-banks-in-italy-portugal-greece-cyprus-could-see-highest-rise-in-npls

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

10. Who benefits from the proposed rent-to-mortgage scheme?

https://knews.kathimerini.com.cy/en/business/who-benefits-from-the-proposed-rent-to-mortgage-scheme

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

11. Investors lost $1 billion on FTX, prompting calls for industry regulation

https://knews.kathimerini.com.cy/en/news/investors-lost-$1-billion-on-ftx-prompting-calls-for-industry-regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

12. Man wanted for 760m euros worth of fraud arrested at Larnaca airport

https://knews.kathimerini.com.cy/en/news/man-wanted-for-760m-euros-worth-of-fraud-arrested-at-larnaca-airport

On Sunday night, a 49-year-old man who is wanted by Chinese authorities on an international warrant in connection with a fraud case was apprehended at Larnaca airport....

13. President defers foreclosure mess to attorney general

https://knews.kathimerini.com.cy/en/news/president-defers-foreclosure-mess-to-attorney-general

Cypriot President Nicos Anastasiades has refused to veto legislation that suspends foreclosures yet again until February 2023, essentially calling on the attorney general to examine the constitutionality of the bill as the issue on the presidential election campaign trail continues to heat up...

14. Finance Minister calls for the repeal of foreclosure suspension

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-the-repeal-of-foreclosure-suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

15. Sean Penn loans his Oscar to Zelenskiy in a symbolic gesture

https://knews.kathimerini.com.cy/en/news/sean-penn-loans-his-oscar-to-zelenskiy-in-a-symbolic-gesture

Hollywood actor and director Sean Penn, sanctioned by Russia for criticizing its war in Ukraine, loaned his Oscar statuette to Ukrainian President Volodymyr Zelenskiy during a visit to Kyiv on Tuesday....

16. Looking for a strategy to suspend foreclosure sales

https://knews.kathimerini.com.cy/en/business/looking-for-a-strategy-to-suspend-foreclosure-sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

17. 64% of distressed state loans eligible for 'Oikia' scheme

https://knews.kathimerini.com.cy/en/news/64-of-distressed-state-loans-eligible-for-oikia-scheme

The applications for the Oikia scheme for distressed borrowers have reached 64% of the total eligible loans, according to the Housing Finance Corporation. In total, 1,223 applications, valued at €115m have been submitted, out of 1,948 eligible loans, valued at €179m....

18. Loans are increasing as interest rates rise

https://knews.kathimerini.com.cy/en/business/loans-are-increasing-as-interest-rates-rise

New loans provided by Cypriot banks rose by €217 million in September compared with August, driven mainly upwards by corporate loans over €1 million which rose by 127.6 million....

19. Household debt in Cyprus was 81% of GDP in June

https://knews.kathimerini.com.cy/en/news/household-debt-in-cyprus-was-81-of-gdp-in-june

Household debt stood at EUR 20.1 billion at the end of June 2022, with the relevant debt ratio standing at 81% of GDP, a slight decrease compared to the previous quarter due to GDP growth....

20. People with a history of cancer will be eligible for insurance benefits

https://knews.kathimerini.com.cy/en/news/people-with-a-history-of-cancer-will-be-eligible-for-insurance-benefits

Following an agreement reached on Thursday afternoon and announced by Health Minister Michael Hadjipantelas, people with a history of cancer will now be able to receive benefits from insurance companies as of January 1, 2023....

21. Wim Van Aken talks recession and the predictions for Cyprus

https://knews.kathimerini.com.cy/en/news/op-ed-wim-van-aken-talks-recession-and-the-predictions-for-cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

22. Bank deposits climb to a nine-year high

https://knews.kathimerini.com.cy/en/news/bank-deposits-climb-to-a-nine-year-high

Deposits in the Cypriot banking system climbed to a nine-year high in September, while total loans continued their downward path, declining in a five-month low, boosting liquidity in the system to over €23 billion....

23. Cyprus is bursting, like a fat guy out of his leotard

https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-cyprus-is-bursting-like-a-fat-guy-out-of-his-leotard

Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances and creating polarised communities. A bit dramatic? Let’s see....

24. Banking sector to cut 600 more employees

https://knews.kathimerini.com.cy/en/news/banking-sector-to-cut-600-more-employees

The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....

25. How much loan can a couple with an income of €2,000 get?

https://knews.kathimerini.com.cy/en/news/how-much-loan-can-a-couple-with-an-income-of-€2-000-get

Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....

26. The future of the banking sector is digital, green and social

https://knews.kathimerini.com.cy/en/news/the-future-of-the-banking-sector-is-digital-green-and-social

The future of the banking sector is digital, green and social, said the participants at the 3rd online FMW Conference, titled "Banking System: New Challenges and Opportunities". The Conference also highlighted the contrast between trying to tame inflation by raising interest rates and supporting vulnerable groups to avoid social unrest....

27. Loan interest rates rise for a second consecutive month

https://knews.kathimerini.com.cy/en/business/loan-interest-rates-rise-for-a-second-consecutive-month

Lending interest rates in Cyprus rose for a second consecutive month in August, with credit institutions pricing rate hikes by the European Central Bank and increased credit risk due to uncertainty and inflation pressures fuelled by the war in Ukraine....

28. New loans drop in August for the second month in a row

https://knews.kathimerini.com.cy/en/news/new-loans-drop-in-august-for-the-second-month-in-a-row

Net new lending granted by Cyprus Banks fell in August by €182.3 million, recording a decrease for the second month in a row....

29. Finance Minister calls for prudency to safeguard economy

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-prudency-to-safeguard-economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

30. Profits of €55.4 million in first half of 2022 for Hellenic Bank

https://knews.kathimerini.com.cy/en/business/profits-of-€55-4-million-in-first-half-of-2022-for-hellenic-bank

Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....

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