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

Total deposits reached €54.8 billion, while total loans were at €24.9 billion in November 2024

15:45 - 02 January 2025

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

This will be implemented in the SEPA zone, the 27 EU member states plus nine others, including the UK

08:51 - 30 December 2024

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

CI Ratings upgrades Bank of Cyprus and revises outlook to 'Stable'

Capital Intelligence Ratings has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Bank of Cyprus

10:32 - 20 December 2024

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

Cyprus Central Bank reports October 2024 interest rates trends

The study looked at housing loan rates, business loan trends and fixed-term deposit rates, among other aspects

07:45 - 17 December 2024

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

The CEOs of the Bank of Cyprus and Hellenic Bank will return to the Presidential Palace this week

11:11 - 16 December 2024

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Financial Services

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

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

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

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

CySEC issues crypto warning

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

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

Hellenic Bank announces targeted measures to support society

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

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

Central Bank creating a Directorate for the Supervision of EMIs and PIs

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