KEDIPES repays €70m, total repayment to the state now at €1.47 billion

The state-owned asset management company made the repayment of the state aid received by the former Cyprus Cooperative Bank

11:51 - 19 December 2024

Cyprus' electronic money sector growing with dozens of new EMI applications under evaluation

The Board of the responsible body, the Central Bank of Cyprus, is meeting to discuss an expert report on the …

07:00 - 19 December 2024

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President announces fee-free direct transfers from mid-2025 following meeting with bank CEOs

Christodoulides met with the CEOs of the Bank of Cyprus, Panicos Nicolaou, and the Hellenic Bank, Michalis Louis

11:08 - 18 December 2024

CySEC launches new website

It includes improved user-friendly navigation, a centralised hub for data submission and a dedicated media section

15:43 - 17 December 2024

Demetra Holdings schedules EGM for vote on sale of Hellenic Bank shares to Eurobank

The Extraordinary General Meeting has been set for 9 January, 2025

10:56 - 17 December 2024

Plenary rejects bank windfall tax proposal following tie in MP votes

After a debate that lasted over three hours, sometimes in a confrontational climate, the Plenary voted against the proposal

07:55 - 13 December 2024

CBC urges payment service providers to keep new instant payments regulation deadlines in mind

Aim is to accelerate roll-out of instant payments in Europe and cover credit transfers denominated in euro within EU

09:19 - 12 December 2024

Cyprus banks ready to adjust interest rates immediately after ECB reduces base rate, association says

The European Central Bank's decision will be announced on 12 December, after its Governing Council meeting

16:12 - 10 December 2024

Record levels of customer adoption for Revolut Business in Cyprus

Revolut Business customers in Cyprus now spend over £26.84m on cards a month, marking a 142.2% y-o-y increase

11:15 - 09 December 2024

CBC calls for tenders for SWIFT system management, maintenance and support

The Central Bank of Cyprus has opened the procedure and will be accepting tenders until 1pm on 24 January 2025

09:45 - 06 December 2024

Freedom Holding Corp. is a General Partner of 2024 FIDE World Rapid & Blitz Championships

2024 FIDE World Rapid & Blitz Championships is one of the most prestigious chess events in the world

13:21 - 05 December 2024

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The banking sector’s growth trajectory and how AKEL is trying to stop it

An attempt is being made at all costs to halt the development trajectory of the banking sector

07:50 - 04 December 2024

Central Bank Governor opposes taxation of banks’ windfall profits - "It discourages foreign investments"

Greek PM has also spoke out against, as AKEL pushes for legislation to tax banks' "unexpected" profits

10:24 - 03 December 2024

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Financial Services

KEDIPES repays €70m, total repayment to the state now at €1.47 billion

Cyprus' electronic money sector growing with dozens of new EMI applications under evaluation

President announces fee-free direct transfers from mid-2025 following meeting with bank CEOs

CySEC launches new website

Demetra Holdings schedules EGM for vote on sale of Hellenic Bank shares to Eurobank

Cyprus Central Bank reports October 2024 interest rates trends

Bank CEOs to evaluate Christodoulides’ recommendations and meet again on 18 December

Tripartite meeting at the Presidential Palace with interest rates on the agenda

CI upgrades Hellenic Bank ratings, outlook revised to stable from positive

S&P Global Ratings upgrades credit ratings of Freedom24 and other Freedom Holding Corp. units

The magic of fintech was on display in Limassol at CFS 2024

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