Hellenic Bank enters into €182 m agreement with CNP Assurances on CNP Cyprus Insurance Holdings

The total consideration is expected to be €182 mn, representing a price to book value ratio of 1x (P/BV)

09:08 - 25 April 2024

Helikon nearly doubles its stake in Bank of Cyprus

The Italian investment fund said its shares in the bank have risen from 2.04% to 4.04%

15:37 - 24 April 2024

Plans to magnify Alpha Bank's position in Cyprus: The Group’s Board was back on the island

The Group's leadership has visited the island twice over a two-month period

12:59 - 24 April 2024

Hellenic Bank “very close” to sealing CNP deal

The bank may finalise the deal to acquire the French company’s Cyprus operations by end of week, say market sources

10:03 - 24 April 2024

CySEC delivers lecture at Police Academy

The lecture was part of the Cyprus Securities and Exchange Commission’s educational initiatives

08:41 - 24 April 2024

NPLs in Cyprus banking system decline below €2 billion in 2023

As a percentage of total loans NPLs amounted to 7.9% by end-2023, compared with 9.5% in end-2022

08:02 - 10 April 2024

Bank profitability spikes by 644% in 2023 driven by high interest rates

Also, according to Aggregate Cyprus banking sector data, net interest income for 2023 jumped by 97%

07:40 - 10 April 2024

Assets under management at €8.56b in Q4 2023

CySEC said it had 328 Management Companies and Undertakings of Collective Investments under its supervision

12:29 - 09 April 2024

Cyprus calls for applications from those hit by 2013 financial crisis decisions

According to the Finance Ministry, the deadline for the submission of applications expires on 30 April

08:15 - 09 April 2024

Dr Christodoulos Patsalides: A highly experienced banker at the helm of the CBC

The ninth Governor of the Central Bank of Cyprus has a long history in the island’s banking and financial system

07:09 - 09 April 2024

CBC: New loans up a monthly €112.8m in February

Total new loans were at €575.5m from €462.7m the previous month, driven by a notable rise in corporate loans

08:49 - 08 April 2024

CIFA-CySEC meetup to discuss local funds sector

The Investment Funds Association said the aim was to exchange ideas on enhancing the sector’s visibility abroad

07:23 - 08 April 2024

CySEC: Financial literacy – next stop, Engomi A Elementary School

The Cyprus Securities and Exchange Commission continues its mission to educate the young on financial matters

11:25 - 05 April 2024

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Financial Services

Hellenic Bank enters into €182 m agreement with CNP Assurances on CNP Cyprus Insurance Holdings

Helikon nearly doubles its stake in Bank of Cyprus

Plans to magnify Alpha Bank's position in Cyprus: The Group’s Board was back on the island

Hellenic Bank “very close” to sealing CNP deal

CySEC delivers lecture at Police Academy

DORA: The new regulation to protect banks, fintechs and investment firms from cyberattacks

Paul Broderick: “The Cyprus office has been one of MUFG Investor Services’ biggest successes”

Bank of Cyprus launches €25m share buyback programme

BoC's Michalis Kyrou: eFX Convert helps customers transact easily, quickly and from the comfort of their home

CySEC cracks down on Veles International and its sole shareholder

Hellenic Bank announces €365.4m profit in Group financial results 2023

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