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23 July, 2024
 

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Displaying results 121-150 of 518 matches for query loans.

121. SYPRODAT and Government join forces to end non-performing loans

https://knews.kathimerini.com.cy/en/news/syprodat-and-government-join-forces-to-end-non-performing-loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

122. Consulco’s London Credit Fund; Existing & New Investment Opportunities

https://knews.kathimerini.com.cy/en/business/consulco-s-london-credit-fund-existing-new-investment-opportunities

123. Liquidity cover hits 318% in banking

https://knews.kathimerini.com.cy/en/news/liquidity-cover-hits-318-in-banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

124. Borrowers in a high-stakes game of loan roulette

https://knews.kathimerini.com.cy/en/business/borrowers-in-a-high-stakes-game-of-loan-roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

125. 135% debt reduction sparks hope for economy

https://knews.kathimerini.com.cy/en/news/135-debt-reduction-sparks-hope-for-economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

126. AKEL blasts government amid rising bank profits

https://knews.kathimerini.com.cy/en/news/akel-blasts-government-amid-rising-bank-profits

The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....

127. EU passes borrower protection law: Your rights when borrowing money

https://knews.kathimerini.com.cy/en/business/eu-passes-borrower-protection-law-your-rights-when-borrowing-money

The European Parliament (EP) has voted on rules to keep people safe when they borrow money for things like credit cards or loans....

128. Is Cyprus banking sector heading for a shake-up?

https://knews.kathimerini.com.cy/en/news/is-cyprus-banking-sector-heading-for-a-shake-up

The Cypriot banking sector is in trouble, and it looks like Eurobank is on the verge of acquiring Hellenic Bank. Meanwhile, Astrobank and CDB Bank's relationship has shifted from a "flirtation" to an "appointment."...

129. Recovery and Resilience measures target non-performing loans

https://knews.kathimerini.com.cy/en/news/recovery-and-resilience-measures-target-non-performing-loans

In a move to address Non-Performing Loans (NPLs) and maximize European funds, Minister of Finance, Makis Keravnos, announced the approval of an action plan under the Recovery and Resilience Plan. ...

130. Consulco: London Credit Fund’s new investment opportunity secured against UK commercial properties

https://knews.kathimerini.com.cy/en/business/consulco-london-credit-fund-s-new-investment-opportunity-secured-against-uk-commercial-properties

The London Credit Fund New Compartment offers even higher returns to investors....

131. Cyprus boosts energy sector with €104m revamp

https://knews.kathimerini.com.cy/en/business/cyprus-boosts-energy-sector-with-€104m-revamp

The Republic of Cyprus has submitted a revised Recovery and Resilience Plan to the European Commission, incorporating the REPower EU chapter with an additional allocation of €104 million....

132. AKEL's bold demand: Tax bank profits to power people's pockets

https://knews.kathimerini.com.cy/en/news/akel-s-bold-demand-tax-bank-profits-to-power-people-s-pockets

The AKEL political party is urging the government to take immediate action to alleviate the financial strain on Cypriot households by taxing banks' surplus profits and redirecting the funds towards fuel and electricity subsidies....

133. Hellenic Bank reports impressive profit surge of €160.2 million

https://knews.kathimerini.com.cy/en/news/hellenic-bank-reports-impressive-profit-surge-of-€160-2-million

Hellenic Bank had a really good financial run in the first half of 2023. They made a profit of €160.2 million, which is a huge jump of 203% compared to last year at the same time....

134. Potential bank tax discussed amidst rate dissatisfaction

https://knews.kathimerini.com.cy/en/news/bank-tax

Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....

135. Eurobank acquires 17.3% stake in Hellenic Bank for €167.9 million

https://knews.kathimerini.com.cy/en/news/eurobank-acquires-17-3-stake-in-hellenic-bank-for-€167-9-million

The Eurobank has agreed to acquire an additional stake of around 17.3% (equivalent to 71,428,572 shares) in the Hellenic Bank at a total price of 167.9 million euros, or 2.35 euros per share. ...

136. EuroAsia interconnector loan denied by European Investment Bank

https://knews.kathimerini.com.cy/en/news/euroasia-interconnector-loan-denied-by-european-investment-bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

137. Record surge in loan renegotiations amidst rising interest rates

https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

138. BOC reports €220 million profit for first half of 2023

https://knews.kathimerini.com.cy/en/business/boc-reports-€220-million-profit-for-first-half-of-2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

139. The EuroAsia saga continues

https://knews.kathimerini.com.cy/en/news/the-euroasia-saga-continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....

140. Corporate loans above €1 million surge

https://knews.kathimerini.com.cy/en/business/corporate-loans-above-€1-million-surge

The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....

141. Eurobank Cyprus reports soaring profits amid rising interest rates

https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

142. Prices of homes and apartments up 7.7% annually

https://knews.kathimerini.com.cy/en/news/prices-of-homes-and-apartments-up-7-7-annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....

143. Cyprus banks witness €52.3B growth

https://knews.kathimerini.com.cy/en/news/cyprus-banks-witness-€52-3b-growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

144. Global economy faces $590 trillion storm

https://knews.kathimerini.com.cy/en/news/global-economy-faces-$590-trillion-storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

145. NPL crisis highlights tug of war between borrowers and legislation

https://knews.kathimerini.com.cy/en/business/npl-crisis-highlights-tug-of-war-between-borrowers-and-legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

146. Cyprus Parliament rejects bills on borrowers' rights

https://knews.kathimerini.com.cy/en/news/cyprus-parliament-rejects-bills-on-borrowers-rights

The Cyprus Parliament voted against two non-government bills regarding borrowers' rights on Thursday, disregarding warnings from the government and the Central Bank about potential threats to the stability of the financial sector....

147. Applications open for 'Rent in Exchange' program

https://knews.kathimerini.com.cy/en/news/applications-open-for-rent-in-exchange-program

"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....

148. Relief for vulnerable households with non-performing loans

https://knews.kathimerini.com.cy/en/news/relief-for-vulnerable-households-with-non-performing-loans

The ''Rent vs Instalment Scheme'' was approved by the Council of Ministers today, as announced by Government Spokesperson Konstantinos Letymbiotis following the conclusion of the Council. The European Commission's Directorate General for Competition also granted approval on July 6....

149. Loan demand in Cyprus falls, interest rates rise

https://knews.kathimerini.com.cy/en/news/loan-demand-in-cyprus-falls-interest-rates-rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

150. Proposed foreclosure reforms spark debate in Cyprus

https://knews.kathimerini.com.cy/en/news/proposed-foreclosure-reforms-spark-debate-in-cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

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