EU special plan for “black money”

The European Union is determined to establish an oversight body to enforce anti-money laundering rules within the EU, but skeptics fear it will not work.

Banks: We will not approve loans to all sustainable

On May 15, the bill on the granting of € 1.5 billion in government guarantees to businesses and self-employed workers in order...

Bank of Cyprus reports €70 million net loss for 2019, may...

Bank of Cyprus, the island’s largest lender, said it will update macroeconomic assumptions underlying the IFRS9 calculations which may lead to increased...

Our resources must be managed thinking more medium- term, Cyprus Central...

Cyprus’ Central Bank Governor Constantinos Herodotou has cautioned that in managing the resources the country’s economy has at its disposal planning should...

€ 452 million reduction in deposits in March

Deposits in the Cypriot banking system fell by 452.4 million in March, amid the pandemic of coronavirus.Based on the data of the...

AstroBank: Arab Jordan Investment Bank acquisition agreement

Arab Jordan Investment Bank (AJIB) and AstroBank are pleased to announce that they have reached an agreement on the acquisition of AJIB's...

More than 23,000 the applications for suspension of instalments in Cyprus...

The number of loan applications for nine months exceeded 23,000 in the two largest banks in the country, with borrowers taking advantage...

Russian Commercial Bank RCB has acquired 12 new lung ventilation devices.

Medical devices themselves have already been transferred to the Cyprus office in China.They will deliver the devices so...

PrivatBank proceed with a new lawsuit in Cyprus at $ 5.5...

PrivatBank filed a new lawsuit in Cyprus in the amount of $ 5.5 billion against its former owners. This was reported by the  press...

EU to banks: Support the economy with new loans

The head of the European Union's financial regulators has pledged to delay the imposition of new tough capital rules on banks, provided...