Non-performing loans in Cyprus remained almost unchanged at €830 mln in April, dropping marginally from the previous month and slightly below end-2025 levels. According to the Central Bank of Cyprus monthly report,
Bank of Cyprus Holdings saw its nine-month profits drop 12% to €353 mln, from €401 mln in the same period a year earlier, pressured by lower interest income, down by €76 mln
Greece-owned Alpha Bank is going ahead with the takeover of Astrobank at a preliminary purchase price of €205 mln, making the new merged entity the third biggest bank in Cyprus. After the
The governor of the Central Bank of Cyprus (CBC) Chris Patsalides issued a startling warning last week for banks to reconsider their pricing strategy. He warned that banks should consider social dimensions
Moody’s said on Thursday that the risks associated with loans for Cypriot banks are expected to decrease further due to consistent economic growth, alongside declining inflation and unemployment rates. However, reaffirming the
Cyprus has had its own share of the impact from the high interest rate regime dominating the markets, with the two main local banks this week reporting near-record profits for last year.
The Cyprus banking system won’t be feeling any aftershocks from the collapse of major banks in the United States and the trouble faced by European banking giant Credit Suisse, assured the island’s
