S&P: Cost-cuts key for Cypriot banks

Cypriot bank’s ability to reduce operating costs while investing in digital transformation will be key to offsetting inflationary pressure and still-high credit provisions, rating agency Standard and Poor’s said. In a country-by-country

S&P eyes Bank of Cyprus upgrade

S&P Global Ratings (S&P) revised the outlook for the Bank of Cyprus to positive from stable, citing the easing of funding risks, a diversified business model and substantial progress in de-risking its

S&P confirms Bank of Cyprus credit rating

Standard and Poor’s has confirmed the country’s largest lender Bank of Cyprus’ long-term and short-term credit rating of “B+/B”, maintaining an outlook positive, hinting at a possible upgrade in the near future.

S&P raises Bank of Cyprus outlook

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,