banking Archives - Page 4 of 4

Challenges ahead for banking sector

The banking sector faces multiple challenges ranging from the large percentage of non-performing loans (NPLs) to climate change; despite progress made, speakers told the Association of Cyprus Banks AGM. Finance Minister Constantinos

9th September 2021

Cyprus/Economy

Fitch cites public debt, weak banking sector

Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the economy. It said

29th March 2021

Business

Managing toxic loans outside the banking system

By Niki Tsivitanou Terms like “non-performing loans”, “foreclosures”, “loan sales” entered our lives in the last decade as a result of the global financial crisis, as well as the one in Cyprus.

10th March 2021

Comment/Cyprus/Economy

Cyprus faces EU penalties over banking directives

Cyprus could be slammed with hefty fines from EU institutions for failing to adopt regulations and directives to reduce risks to the banking system or the need to resort to state intervention.

22nd February 2021

Business

Negative outlook for banks in emerging markets, stable for insurers

Moderate and uneven economic recoveries amid the coronavirus pandemic as well as political and trade uncertainties pose risks for financial institutions in emerging markets throughout Asia, Latin America, Europe, the Middle East

30th November 2020

Markets/World

More M&As among GCC banks in wake of pandemic, low oil prices

Banks in the Gulf Cooperation Council (GCC) region will increase mergers and acquisitions because of the coronavirus crisis and prolonged low oil prices, Moody’s Investors Service said in a report Tuesday. “The

6th October 2020

Markets/World

NPLs in Cyprus banking system unchanged at 27.7%

Non-performing loans (NPLs) rose marginally to €32.3 bln in April accounting for 27.7% of all loans in the banking system, according to data released by the Central Bank of Cyprus. According to

15th September 2020

Business

MOODY’S: Lebanon banking outlook ‘negative’ with large losses, rise in problem loans

The outlook for Lebanon’s banking system has changed to negative as business activity stalls and the economy slides into paralysis, while the government defaulted on foreign debt payments last month, Moody’s Investors

9th April 2020

Middle East/World

Outlook for banks turns negative amid slowing economies, trade tensions, says Moody’s

The outlook for global banks has changed to negative from stable as slower economic growth, low interest rates and more volatile operating conditions will increase their credit challenges, Moody’s Investors Service said

5th December 2019

World