AstroBank launches Target Maturity Fund 2027

Estimated annualised dividend of 3.50%, with a minimum participation amount of €20,000

16:09 - 02 May 2024

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Moody’s describes Hellenic Bank’s likely acquisition of CNP Assurances' regional insurance operations as “a credit positive”

In its Issuers Report, Moody’s also noted that the deal is likely to include CNP Cyprus' 330 employees

12:24 - 29 April 2024

CBC calculates reference interest rate at 11.42%

It is illegal for a person to reap, receive, collect, or charge, for his interest or on behalf of a …

12:54 - 26 April 2024

Haris Pistos: Bank of Cyprus’ app is considered one of the best in Europe

BoC’s Director International Banking presented the bank’s technological evolution at a tech summit in Limassol

11:26 - 26 April 2024

Bank of Cyprus announces issue of €300 m Green Senior Preferred Notes

The maturity date of the Notes is 2 May 2029; however, the Bank may, at its discretion, redeem the Notes …

09:57 - 25 April 2024

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

MUFG Investor Services' new Head of the Cyprus Office discusses how the project has exceeded expectations

07:00 - 24 April 2024

Bank of Cyprus launches €25m share buyback programme

The Programme concerns the repurchase of ordinary shares in the Company for up to a maximum aggregate consideration of €25 …

11:04 - 19 April 2024

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

Bank of Cyprus has become the first bank in Cyprus to offer customers the ability to convert currencies with real-time …

07:11 - 18 April 2024

CySEC cracks down on Veles International and its sole shareholder

Dmitry Vitalyevich Bugayenko, of Russian-Cypriot nationality, is also on the US list of sanctioned persons

10:52 - 12 April 2024

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

According to the results, new lending in 2023 reached €1.2 billion, up 2% year-on-year

09:09 - 10 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

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Financial Services

AstroBank launches Target Maturity Fund 2027

Moody’s describes Hellenic Bank’s likely acquisition of CNP Assurances' regional insurance operations as “a credit positive”

CBC calculates reference interest rate at 11.42%

Haris Pistos: Bank of Cyprus’ app is considered one of the best in Europe

Bank of Cyprus announces issue of €300 m Green Senior Preferred Notes

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

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