Capital Intelligence Ratings (CI) has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency (ST FCR) of Bank of Cyprus (BoC) at ‘BB-’ and ‘B’, respectively, affirming its ‘stable’
Standard and Poor’s revised the country’s largest lender Bank of Cyprus’ outlook to positive from stable, following a new NPL transaction titled Helix 3, reducing its non-performing loans ratio to single digits,
The outlook for reinsurance has changed to ‘stable’ from ‘negative’ as prices increase amid a worldwide economic rebound, supporting the sector’s earnings while capitalisation will remain solid, Moody’s Investors Service said Tuesday.
Real estate specialists are not optimistic over the sector’s outlook as property sales are struggling compared to pre-COVID-19 levels. Property sales in Cyprus dropped by 17% across the island in the first
Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from ‘stable’ to ‘positive’, despite the pandemic-induced fragile economic environment. RCB Bank said, “the rating by Moody’s has remained
Hellenic Bank received a vote of confidence from a leading rating agency on Monday, days after Cyprus’ second-largest lender announced Q1 net profits of €12.9 mln, the fourth consecutive quarter in positive
By Peter van der Borgh Copper has been extracted and used for much of human history, with some believing that copper was the first metal to be ever mined and crafted by
By Panos Danos The New Year has entered with a sense of optimism as vaccines are getting more widely available to the public by the day. According to real estate professionals in
It’s been almost a year since SARS-CoV-2 was discovered in Wuhan. The absence of transparency by the Chinese authorities and the lack of quick, effective response from governments around the world allowed
Cyprus’ COVID-19 situation is satisfactory but fragile with Health Minister Constantinos Ioannou worried that things could get out of hand if protocols are not followed. Ioannou told a press conference Wednesday, that
