NPLs in the banking system down to 6.5% or €1.6 billion in Q3 2024

Total restructured loans of Authorised Credit Institutions at end-September 2024 amounted to €1.3 billion

07:46 - 15 January 2025

Banks' profits at €952.5 million after taxes for Jan-Sep 2024

The net interest income of Cypriot banks reached €1.53 billion by the end of the nine-month period

07:41 - 15 January 2025

Veracloud Cyprus' Chara Savvides: It’s all about DORA right now

The Business Development Manager says there is also significant interest by businesses to transition to cloud

07:00 - 11 January 2025

CIFA: Assets under management exceed €9.3b in 2024

The Association foresees a year of strategic growth and opportunity for investment funds in 2025

11:42 - 08 January 2025

Deposit and lending rates down in November 2024

The exception was the interest rate on loans to non-financial corporations for amounts over €1 million

07:57 - 08 January 2025

CySEC broadens the cases where drawing up a prospectus in English is accepted

The summary of the prospectus should be also made available in Greek

07:07 - 28 December 2024

Noam Levi: Cyprus’ financial industry has experienced a boom in the last couple of years (video)

The Co-Founder & CEO of Excela discussed fintech industry trends and challenges with CBN at the Cyprus Fintech Summit

07:00 - 27 December 2024

CySEC issues crypto warning

It said there is a high risk involved in crypto-assets, after their value rose sharply and suddenly last November

08:32 - 24 December 2024

Akis Tsekouras: Mastercard is very invested and believes a lot in the potential of Cyprus (video)

Mastercard is working closely with the Cyprus government on policies that welcome innovation in fintech, the executive added

07:00 - 24 December 2024

Bank of Cyprus announces measures to support the Cypriot economy and its customers

The measures include interest rate reductions, rewards for consistent borrowers, and new housing and business loans

10:39 - 23 December 2024

Hellenic Bank announces targeted measures to support society

The measures include more ATMs, free ATM cash withdrawals and, specifically for pensioners, free bank withdrawals

09:11 - 23 December 2024

Central Bank Govenor Christodoulos Patsalides

CBC exploring raising bank capital requirements amid emerging risks, Governor says

Christodoulos Patsalides has also hinted at the possibility of increasing capital buffers

07:46 - 23 December 2024

Denis Efremov: I would actually compare Cyprus’ fintech industry to Israel or Singapore (video)

The Principal, R136 Ventures, said the local market is fairly small and most companies aim global from day one

07:00 - 21 December 2024

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Financial Services

NPLs in the banking system down to 6.5% or €1.6 billion in Q3 2024

Banks' profits at €952.5 million after taxes for Jan-Sep 2024

Veracloud Cyprus' Chara Savvides: It’s all about DORA right now

CIFA: Assets under management exceed €9.3b in 2024

Deposit and lending rates down in November 2024

Jose Peña and Rami Bar Lev on why Cyprus is the place to be for fintech right now

Backpack Exchange acquires Cyprus-based FTX EU, plans Q1 2025 launch

Maria Leontiou: “We are living in a period where we are experiencing something like the smartphone era”

Christina Andreou & Maria Antoniou: It’s best to use AI to our benefit than have it against us

November deposits up €91.6m, loans down €1.8m

Cyprus entering the era of instant payments - Interbank and interstate transactions in 10 seconds

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