No interest hikes are expected at the next European Central Bank Governing Council meeting, as the latest data suggest that ECB rates have reached a level that, if maintained, will contribute to
The Central Bank of Turkey removing the first-tier threshold of the security maintenance ratio requiring banks to hold a defined percentage of government securities as reserves against loans is welcomed by Moody’s.
Cypriot banks are under pressure from EU authorities, as the latest data from the European Central Bank shows they offer their customers the lowest savings rates in the eurozone. Finance Ministry sources
Yields of Cypriot bonds issued domestically rose significantly in the last months, reflecting the policy rate hikes of the European Central Bank (ECB) in its effort to curb soaring inflation. Cypriot 13-week
Cyprus reported four coronavirus deaths on Saturday, as new daily cases receded to under 3,000 with hospitalisations up to 110, of whom 17 are critical. The Health Ministry said in its Covid
Cyprus reported two coronavirus deaths on Saturday, daily cases fell under 2,000 marker on fewer tests to 1,834, hospitalisations dropped 6.5% to 128. The Health Ministry said in its Covid bulletin the
Cyprus’ COVID infections are on the rise as the two-week cumulative case rate increased by 66.6%, with over 4,000 incidents recorded, according to Friday’s Health Ministry epidemiological report. The island’s 14-day cumulative
COVID-19 prevalence in Cyprus is still at high levels; despite an improvement in containing transmission while April’s death toll was the third worse, the Health Ministry’s National Surveillance Report showed Friday. Moreover, six
The test positivity rate for COVID-19 is rising in Cyprus, especially in Limassol, where it stands at 1.3% against the national average of 0.6% as infections spread, the National Surveillance Report showed
Bank of Cyprus, the island’s largest lender, aims to bring down its non-performing loan rate to a single digit by 2022, leaving behind the legacy problems of the 2013 financial crisis that
