S&P: Cost-cuts key for Cypriot banks

Cypriot bank’s ability to reduce operating costs while investing in digital transformation will be key to offsetting inflationary pressure and still-high credit provisions, rating agency Standard and Poor’s said. In a country-by-country

Banks extend foreclosure freeze

Banks and credit buyout companies are likely to extend the freeze on foreclosures of primary homes valued up to €350,000, as they have accepted the Ministry of Finance’s call in principle. Online

Tighter lending meets lower loan demand

During the second quarter of 2023, the lending criteria for businesses and households remained strict, indicating the caution of banks. At the same time, there was a decrease in loan demand, attributed


Finance Minister expects banks to do more

Finance Minister Makis Keravnos said there are still challenges the banking sector must address, but he expects additional positive measures from banks to their struggling customers. At the ‘Banking System: New Challenges


Heat on banks to lower interest hikes

Political parties are increasing the heat on banks to absorb part of the increased cost of borrowing from interest rate hikes burdening the economy and households. As the European Central Bank prepares

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