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12° Nicosia,
14 July, 2024
 

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Displaying results 181-210 of 517 matches for query loans.

181. Astrobank: 'Reward' plan for good borrowers

https://knews.kathimerini.com.cy/en/business/astrobank-reward-plan-for-good-borrowers

Astrobank is currently developing a plan to reward its consistent borrowers by providing relief for those who have mortgage loans worth up to €350,000....

182. Banks announce measures on interest rates

https://knews.kathimerini.com.cy/en/news/banks-announce-measures-on-interest-rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

183. Cyprus' 2022 household assets reach €59.7B, debt at €20B

https://knews.kathimerini.com.cy/en/news/cyprus-2022-household-assets-reach-€59-7b-debt-at-€20b

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

184. Cyprus deposits reach €51.9B, loans at €25.1B in March 2023

https://knews.kathimerini.com.cy/en/news/cyprus-deposits-reach-€51-9b-loans-at-€25-1b-in-march-2023

Total deposits reached €51.9 billion in March 2023, while total loans stood at €25.1 billion, according to data published by the Central Bank of Cyprus on Tuesday, in the April 2023 edition of Monetary and Financial Statistics....

185. Non-performing loans in Cyprus rise to €2.32 billion in January 2023

https://knews.kathimerini.com.cy/en/news/non-performing-loans-in-cyprus-rise-to-€2-32-billion-in-january-2023

Non-performing loans (NPLs) rose by €12.8 million in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans....

186. Central Bank Governor: Sanctions' impact on economy not significant so far

https://knews.kathimerini.com.cy/en/news/central-bank-governor-sanctions-impact-on-economy-not-significant-so-far

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, was received on Friday morning (21/04) by the President of the Republic, Nicos Christodoulides. ...

187. The real estate industry's crucial turning point

https://knews.kathimerini.com.cy/en/comment/opinion/the-real-estate-industry-s-crucial-turning-point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

188. Finance Minister requests containment of lending rates for housing loans

https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans

The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....

189. Numerous foreclosure sales expected in 2023 and 2024

https://knews.kathimerini.com.cy/en/business/numerous-foreclosure-sales-expected-in-2023-and-2024

The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....

190. Three major concerns of ECB regarding Cypriot banks

https://knews.kathimerini.com.cy/en/business/three-major-concerns-of-ecb-regarding-cypriot-banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

191. Greek banks freeze mortgage installments for 12 Months

https://knews.kathimerini.com.cy/en/news/greek-banks-freeze-mortgage-installments-for-12-months

Eurobank, Piraeus and Alpha Bank have announced that they will be keeping mortgage installments at their current levels for 12 months. As pledged by the first two banks, the baseline rates of serviced mortgage loans will remain at the levels they were on March 31, 2023, minus 20 basis points, for 12 months, starting in May. National Bank is expected to follow suit....

192. Minister of Agriculture announces his four priorities

https://knews.kathimerini.com.cy/en/news/minister-of-agriculture-announces-his-four-priorities

Minister of Agriculture, Petros Xenophontos, outlined his four priorities for the agriculture sector during an interview on the DIASPORA news show. ...

193. Herodotou: 'European banking system in good health'

https://knews.kathimerini.com.cy/en/business/herodotou-european-banking-system-in-good-health

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou said on Wednesday that there’s concern that the banking problems with some European banks could evolve into something bigger....

194. FinMin stresses importance of stable legislation for out-of-court auctions

https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions

The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....

195. Bank deposits increase by €357.1 million in February

https://knews.kathimerini.com.cy/en/news/bank-deposits-increase-by-€357-1-million-in-february

Total deposits in February 2023 recorded a net increase of €357.1 million, compared with a net decrease of €583,8 million in January 2023....

196. Keravnos urges banks to restructure loans and keep rates low

https://knews.kathimerini.com.cy/en/news/keravnos-urges-banks-to-restructure-loans-and-keep-rates-low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

197. Herodotus to banks on restructuring, interest rates and transparency in charges

https://knews.kathimerini.com.cy/en/news/herodotus-to-banks-on-restructuring-interest-rates-and-transparency-in-charges

The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....

198. UBS steps in to buy rival Credit Suisse

https://knews.kathimerini.com.cy/en/news/ubs-steps-in-to-buy-rival-credit-suisse

Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...

199. 1,300 loan applications submitted for Oikia scheme

https://knews.kathimerini.com.cy/en/news/1-300-loan-applications-submitted-for-oikia-scheme

Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....

200. It's been 10 years since the haircut

https://knews.kathimerini.com.cy/en/news/it-s-been-10-years-since-the-haircut

In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...

201. KEDIPES: Interest subsidies for good loans in 2023

https://knews.kathimerini.com.cy/en/news/kedipes-interest-subsidies-for-good-loans-in-2023

As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....

202. Banks around the world feel force of SVB fallout

https://knews.kathimerini.com.cy/en/news/banks-around-the-world-feel-force-of-svb-fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....

203. HSBC buys failed Silicon Valley Bank in bid to stem fallout

https://knews.kathimerini.com.cy/en/news/hsbc-buys-failed-silicon-valley-bank-in-bid-to-stem-fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

204. Real estate trends in 2023

https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-trends-in-2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

205. Finance minister calls on banks to delay foreclosures

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-on-banks-to-delay-foreclosures

The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...

206. Foreclosure sales to restart after Parliamentary vote

https://knews.kathimerini.com.cy/en/news/foreclosure-sales-to-restart-after-parliamentary-vote

The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....

207. Lower deposit and mortgage interest rates

https://knews.kathimerini.com.cy/en/news/lower-deposit-and-mortgage-interest-rates

The interest rates for household deposits and housing loans slightly decreased in January, while interest rates for non-financial corporations increased, according to data published by the Central Bank of Cyprus on Friday. These statistics are included in the February 2023 Monetary and Financial Statistics edition....

208. CBC: Deposits and loans decreased in January

https://knews.kathimerini.com.cy/en/news/cbc-deposits-and-loans-decreased-in-january

Deposits and loans recorded a net decrease this January, according to data published by the Central Bank of Cyprus on Tuesday....

209. EY presents report on the Future of Banking in Cyprus

https://knews.kathimerini.com.cy/en/business/ey-presents-report-on-the-future-of-banking-in-cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

210. 2023 will be the year banks dole out dividends

https://knews.kathimerini.com.cy/en/business/2023-will-be-the-year-banks-dole-out-dividends

Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...

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