The Ifo Business Climate Index for industry and trade in Germany fell in October to 103.2 points from 104.7 points in the previous month, the Ifo Institut said on Monday. Assessments of the current business situation were once again less favourable than last month. Expectations with regard to the six-month business outlook continued to cloud
More
Attacks rose to 42.8 million, causing an average of $2.7m in losses The number of reported information security incidents around the world rose 48 percent to 42.8 million, the equivalent of 117,339 attacks per day in 2014, according to The Global State of Information Security® Survey 2015, released by PwC, in conjunction with CIO and
More
The results of the Comprehensive Assessment for Cypriot Banks by ECB and EBA, published on Sunday confirm the final stabilization and restoration of confidence in the financial system of Cyprus and the positive outlook that is formed for the Cypriot economy, the Ministry of Finance says. According to an official announcement, issued by the Ministry,
More
Members of the Democratic Rally of Cyprus, including President Averof Neophytou, visited the oil storage terminal facilities of VTT Vasiliko Ltd (VTTV) which will commence operations shortly. Averof Neophytou, members of Parliament Lefteris Chrystoforou, Andreas Michaelides, Zacharias Zachariou, Efthymios Diplaros and other DISY executives were briefed on the Terminal’s services and were toured around its
More
RCB BANK LTD has successfully passed an asset quality review (AQR) and the stress tests under comprehensive assessment conducted by the European Central Bank (ECB). The stress tests showed that the Bank’s Common Equity Tier 1 ratio (CET1) in the adverse scenario is more than twice the minimum requirements. “We are satisfied with the results
More
Central Bank of Cyprus Governor Chrystalla Georghadji has said that results of a comprehensive assessment for Cypriot banks by ECB and EBA published on Sunday are good cause to face the future with optimism. “The results are particularly positive for the Cypriot economy, since they demonstrate that the actions taken during 2014 and all the
More
The Co-operative Central Bank has welcomed the outcome of the stress tests, which revealed a capital surplus of €331 mn under the adverse scenario. Cyprus` Co-operative Central Bank was among 130 banks across Eurozone that took part in the stress tests, carried out by the European Central Bank and the European Banking Authority. In a
More
The Hellenic Bank has said that the results of the Comprehensive Assessment, which resulted in a residual capital requirement of €105 million, are in line with the capital plan of the Bank. “The Bank is already at an advanced stage of raising capital through a rights issue, for an amount which will exceed the Comprehensive
More
The pre-emptive €1 billion capital raise ensured that the Bank of Cyprus absorbed the capital shortfall that emerged from the ECB comprehensive assessment carried out by the European Central Bank, the Bank of Cyprus has said in a press release. Stress test revealed a capital shortfall amounting to €919 million in the adverse scenario. The
More
Three Cypriot banks completed with a capital surplus the European Central Bank's comprehensive assessment, whereas one bank completed the exercise with a manageable shortfall. The ECB and EBA comprehensive assessment revealed capital shortfalls for Bank of Cyprus, the Cooperative Central Bank (CCB) and Hellenic Bank, whereas Russian subsidiary RCB registered capital surplus. The test was
More