FINANCE

Cypriot bonds purchased by ECB amount to rise to €1.8 billion

Cypriot bonds purchased by ECB amount to rise to €1.8 billion

Cypriot bonds purchased by the European Central Bank (ECB) through redemptions of maturing bonds purchased during the Asset Purchase Programme (APP) amounted to €1.8 billion. The ECB in June purch [...]

Finance Minister notes importance of corporate social responsibility policies

The government of Cyprus has prepared a bill which should be adopted by the Parliament by the end of the year in an attempt to enforce the establishment of companies which adopt policies of corporate [...]

FinMin: The economy enters new promising phase

The government remains committed to maintain fiscal discipline but also to continue promoting an ambitious reform agenda to enhance the competitiveness and the growth potential of our economy, Cyprus [...]

Cabinet approves debt relief scheme for homeowners

Eligible borrowers will apply in September and the first payments are expected to be made in December The long-awaited debt relief scheme for vulnerable homeowners was approved by the cabinet on Wedn [...]

Accept Direct Crypto Payments Using the Rocketr Gateway

It’s in the best interest of businesses to offer their customers a variety of payment options. Cryptocurrencies can undoubtedly bring more buyers and many merchants have introduced support for digit [...]

Deposits increase by 237 million in April

Total deposits in April 2019 recorded a net increase of €236,9 million, amounting to €47.7 billion, figures released by the Central Bank of Cyprus (CBC) show. In March 2019, total deposits marke [...]

Bank of Cyprus posted €95 million profit in 1Q 2019

The Bank of Cyprus announced on Monday that it posted a €95 mn profit for the first quarter of 2019. The Bank reported a “good capital position”, as at 31 March 2019 the CET1 ratio was 14.9% a [...]

Central Bank Governor: Anti-money laundering efforts beginning to be recognised abroad

Governor of the Central Bank of Cyprus Constantinos Herodotou has spoken of a new culture of compliance in Cyprus banks on anti-money laundering since 2013 and that progress so far is beginning to be [...]

European Commission official: MPs decisions on Co-op “might have been different”

Decisions regarding the co-operative banking sector in Cyprus might have been different, a senior European Commission official told MPs on Tuesday, but noted that the final solution was not too bad. [...]

Hourican to leave from Bank of Cyprus in September

Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited announce that last evening its Group Chief Executive Officer, Mr John Patrick Hourican, informed the Boards of [...]

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