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,
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.
Cyprus’ GDP growth rate for 2023 will be 2.4% and annual inflation is anticipated to reach 3.9%, with the island’s economy displaying resilience under pressure from hiking interest rates and uncertainty caused
President Nikos Christodoulides expressed satisfaction with the passage of a set of bills on foreclosures on Friday, underscoring a commitment to expedite proceedings addressing risks to the country’s economy from non-performing exposures.
S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus to BB- from B+, citing improvements in its asset quality and easing of economic risks. The upgrade of the
RCB Bank has sold a good part of its loanbook, described as a “performing loan portfolio” which is well collateralised and comprises of mainly corporate loans, to Hellenic Bank for €556 mln,
By Nicole Phinopoulou On September 17, 2021, the Financing and Loan Agreements with the European Commission were published in the Official Gazette of the Republic, thus subsequently authorising the immediate disbursement of
Capital Intelligence Ratings affirmed late Friday the Republic of Cyprus long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BB+’ and ‘B’, respectively, revising the outlook for
Bank of Cyprus posted first-half losses of €126 mln, of which a hefty €100 mln was booked in the second quarter alone with the CEO attributing the downfall to its Project Helix
DBRS Morningstar has confirmed the Republic of Cyprus’s long-term foreign and local currency – issuer ratings at BBB (low) and changed the trend to ‘stable’ from ‘positive’, with the short-term foreign and
