Cyprus banks deny accusations that despite excess liquidity of €21.7 bln, they are hesitant to redirect the cash flow back into the capital-starved economy through lending to new and existing businesses. Banks
Total new bank loans in Cyprus increased by 22.2% in 2021 compared to the previous year, coming close to the levels of pre-coronavirus 2019, with deposits also taking off. According to the
Cyprus’ high overall indebtedness continues to limit Cypriot banks’ growth potential and elevates economic vulnerability, a credit negative for banks, Moody’s argues. It follows reports that Cypriot banks had sold or transferred
I have recently been dealing with a case where a banking institution in Cyprus has requested the client to repay his housing loan earlier or transfer his loan to another bank. The
The credit profiles of Cyprus’ two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings said. The agency expects the Bank of Cyprus (B-/Positive)
Banks are lifeless institutions in concrete buildings. What determines ‘bank policy’ is the management of a bank, not its chairs, desks, walls or ATMs. A necessary clarification is required to explain why
A decision by Cyprus’ two largest lenders, Bank of Cyprus and Hellenic, to impose new charges has sparked a customer backlash, as it is the second time in two years, they made
Cyprus bank deposits in November increased 5.8% annually while loans decreased, according to Central Bank data. According to the data, total deposits in November recorded a net increase of €480.8 mln, compared
Bankers agree that adaptation to competition by fintech firms in an environment of low profitability and risks associated with climate change are fresh challenges facing the eurozone banking system. This was the
The pandemic has caused new turmoil and highlighted the ongoing concerns within the European Authorities about the Union’s banking system. The turmoil accelerated the reassessment and upgrading of the operating rules of
