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23 July, 2024
 

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Displaying results 151-180 of 518 matches for query loans.

151. Contentious foreclosure legislation sparks debate in Parliament

https://knews.kathimerini.com.cy/en/news/contentious-foreclosure-legislation-sparks-debate-in-parliament

The issue of foreclosures remains unresolved and will be the focal point of the upcoming plenary session on Thursday, July 13. ...

152. Eurobank's vision: Controlling Hellenic Bank and conquering new markets

https://knews.kathimerini.com.cy/en/business/eurobank-s-vision-controlling-hellenic-bank-and-conquering-new-markets

According to Bloomberg, Eurobank's deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed the bank's desire to eventually gain full control of Hellenic Bank in Cyprus....

153. Parliament approves foreclosure law

https://knews.kathimerini.com.cy/en/news/parliament-approves-foreclosure-law

A significant mobilization by the Government and the Central Bank of Cyprus took place this week regarding the framework of foreclosures, primarily to withdraw the "problematic" proposal that, according to the state and banks, would have negative consequences for the Cypriot economy....

154. The government's seven proposals for vulnerable individuals

https://knews.kathimerini.com.cy/en/news/the-government-s-seven-proposals-for-vulnerable-individuals

Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....

155. Parliament to vote on law for borrowers' foreclosure appeal

https://knews.kathimerini.com.cy/en/news/parliament-to-vote-on-law-for-borrowers-foreclosure-appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

156. President urges solution as foreclosure laws vote approaches

https://knews.kathimerini.com.cy/en/news/president-urges-solution-as-foreclosure-laws-vote-approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

157. Cyprus unveils culinary brilliance at Gastronomos Awards

https://knews.kathimerini.com.cy/en/news/cyprus-unveils-culinary-brilliance-at-gastronomos-awards

The anticipation reached a fever pitch as Cyprus braced itself for the grand culmination of the year-long journey celebrating its prodigious producers....

158.  Land sales surge in Akamas

https://knews.kathimerini.com.cy/en/news/land-sales-surge-in-akamas

The irregularities observed within Akamas' protected area, as highlighted in last Sunday's report by "K," appear to be just one aspect of a broader issue emerging in anticipation of the implementation of the local plan in September....

159. MPs move forward with divestment changes

https://knews.kathimerini.com.cy/en/news/mps-move-forward-with-divestment-changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

160. Total loans increase by €71 million, reaching €24.4 billion

https://knews.kathimerini.com.cy/en/news/total-loans-increase-by-€71-million-reaching-€24-4-billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

161. AstroBank raises deposit interest rates

https://knews.kathimerini.com.cy/en/business/astrobank-raises-deposit-interest-rates

New 18-month term deposit product at 1.50% annual interest irrespective of amount...

162. Christodoulides' pledge to safeguard Cyprus' reputation

https://knews.kathimerini.com.cy/en/news/christodoulides-pledge-to-safeguard-cyprus-reputation

President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....

163. $280B lost in fraud and mismanagement of US Covid relief aid

https://knews.kathimerini.com.cy/en/news/$280b-lost-in-fraud-and-mismanagement-of-us-covid-relief-aid

A recent investigation conducted by the Associated Press has exposed a rampant wave of fraud and mismanagement in the distribution of federal COVID-19 relief aid in the United States....

164. Groundbreaking court to tackle first home foreclosures

https://knews.kathimerini.com.cy/en/news/groundbreaking-court-to-tackle-first-home-foreclosures

The groundwork for the establishment of a specialized jurisdiction court, which will exclusively handle issues related to the foreclosure of primary residences, will be laid on Thursday....

165. Cyprus banking sector maintains stable solvency ratio

https://knews.kathimerini.com.cy/en/news/cyprus-banking-sector-maintains-stable-solvency-ratio

The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....

166. Declining new loans in Cyprus signals economic shifts

https://knews.kathimerini.com.cy/en/news/declining-new-loans-in-cyprus-signals-economic-shifts

In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...

167. Cyprus's slow ride on the electric car bandwagon

https://knews.kathimerini.com.cy/en/news/cyprus-s-slow-ride-on-the-electric-car-bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

168. April records a decrease in loan volumes

https://knews.kathimerini.com.cy/en/news/april-records-a-decrease-in-loan-volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

169. IMF says Cyprus untouched by war fallout

https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

170. Cyprus emerges as top beneficiary of EIB support in Europe

https://knews.kathimerini.com.cy/en/news/cyprus-emerges-as-top-beneficiary-of-eib-support-in-europe

The European Investment Bank (EIB) President, Werner Hoyer, announced that Cyprus remains the largest beneficiary of EIB support per capita in Europe....

171. An effective foreclosure framework is important, says FinMin

https://knews.kathimerini.com.cy/en/news/an-effective-foreclosure-framework-is-important-says-finmin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

172. Cyprus sees decline in total deposits and loans

https://knews.kathimerini.com.cy/en/news/cyprus-sees-decline-in-total-deposits-and-loans

Total deposits in April 2023 recorded a net decrease of €173.3 million, compared with a net increase of €59.8 million in March 2023, the Central Bank of Cyprus said in a press release....

173. Divestments trigger a risk of backlash in the Recovery Fund

https://knews.kathimerini.com.cy/en/business/divestments-trigger-a-risk-of-backlash-in-the-recovery-fund

As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...

174. Cyprus exits enhanced surveillance ten years after crisis

https://knews.kathimerini.com.cy/en/news/cyprus-exits-enhanced-surveillance-ten-years-after-financial-crisis

Ten years after the financial crisis Cyprus has exited the European Commission’s excessive imbalances procedure (EIP), on the basis of EU documents issued under the spring package of the 2023 European Semester...

175. CBC urges banks to embrace transformation for sustainablefuture

https://knews.kathimerini.com.cy/en/business/cbc-urges-banks-to-embrace-transformation-for-sustainablefuture

Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....

176. BOC: First quarter of 2023 yields €95 million in profit

https://knews.kathimerini.com.cy/en/business/boc-first-quarter-of-2023-yields-€95-million-in-profit

Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....

177. Why do young people in Cyprus struggle to secure a home loan?

https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan

Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....

178. Central Bank governor projects higher economic growth for 2023

https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023

On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...

179. Interest rates rise for housing and corporate loans

https://knews.kathimerini.com.cy/en/business/interest-rates-rise-for-housing-and-corporate-loans

Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....

180. Loans surge in March 2023: A mix of new and renegotiated contracts

https://knews.kathimerini.com.cy/en/news/loans-surge-in-march-2023-a-mix-of-new-and-renegotiated-contracts

Total new loans recorded an increase to €922.5 million in March 2023, compared with €527.5 million in the previous month, according to data released Friday by the Central Bank of Cyprus....

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