Laiki eBank, the electronic banking unit of Laiki Group, announced a new personal loan product, Laiki eLoan offering customers the flexibility to determine the loan terms based on each customer’s preferences. Customers can choose the loan amount, the monthly installment, the repayment period and even the interest rate. “It’s the Do-It-Yourself of loans” is how

The number of Cyprus residents travelling abroad rose by 15% year on year in January to 55,290, according to data released by the Statistical Service. Greece was the most popular destination, with 19,517 visits–an increase of 21.4% on January 2004. The United Kingdom was the second most popular, with 10,002 visits, although this was only

The European Central Bank’s Governing Council meets at 09.00 Central European time today to decide on interest rates for the 12-nation euro area. The current main refinancing rate–the minimum bid rate on refinancing operations–stands at 2.00%, while the marginal lending facility stands at 3.00%. The decision will be published by the ECB at 13.45 CET