RCB Bank said it has taken all the necessary measures to ensure the well-being and protection of its human capital while securing the uninterrupted provision of its products and services to its
The Central Bank of Cyprus (CBC) said it expects banks to show flexibility to support businesses and households adversely affected by the spread of COVID- 19. The European Central Bank Governing Council
Cyprus’ Finance Ministry will intervene to stop banks charging for cash withdrawals made from their ATM by customers from a rival bank. Finance Minister Constantinos Petrides told MPs a decree is to
Deposits in the Cyprus banking system marked a 2% annual rise in January to €48.5 bln but the trend was down on the previous month, Central Bank of Cyprus data shows. Deposits
Retail high-street banks in Cyprus seem to be struggling with the aftermath of the 2012-13 fallout, cautious of taking risks and sitting on bundles of cash with little direction of what to
Cyprus Central Bank Governor Constantinos Herodotou argues profitability and the need to find new banking products besides lending, is a big challenge for banks of a small country. He said that geography,
Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions dominate the property market. After acquiring properties through debt to asset
Cyprus Central Bank Governor Constantinos Herodotou called on Cypriot banks to bolster their efforts to further reduce non-performing loans (NPLs) while the current economic environment remains favourable. Addressing a conference on “Indebtedness
Pure new bank lending to corporations and households amounted to €3.19 bln in 2019 marking a slight annual increase attributed to large corporate credit over €1 mln. According to data released by
By Anna Theologou Following past failures of the Cyprus banking system emanating from bad banking practices through predatory lending, which caused the economic crisis, banks continued until recently to implement unsustainable loan
