Cyprus has emerged as an outlier in euro area financial networks, according to a European Central Bank (ECB) working paper analysing sectoral interconnectedness across member states.The study, ...

In 2024 Cyprus banks continued to amass very large profits. However, their self-serving behaviour, particularly in conduct of interest rate and lending policies, has meant that banks fell far short in ...

NICOSIA, Cyprus - There were long lines of anxious people but no sign of trouble as banks in Cyprus opened Thursday for the first time in nearly two weeks, following an international bailout that ...

Maria Aristidou Demetriou, chief compliance officer at Cyprus-based Hellenic Bank, spoke to Compliance Week about derisking in the Cypriot banking sector since Russian’s invasion of Ukraine and ...

Greek banking groups operating on the island can actively support the Cypriot economy, according to Bank of Greece governor ...

NICOSIA, Cyprus — There were long lines of anxious people but no sign of trouble as banks in Cyprus opened Thursday for the first time in nearly two weeks, after an international bailout that sought ...

NICOSIA, Cyprus — Cyprus' banks said Friday their exposure to Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts, amounting to 2 billion euros ($2.17 billion), in ...

Cyprus has asked the EU for a bailout to support its banking sector, which has been badly affected by holdings in Greek sovereign bonds. But this is only part of the story. Far more serious than the ...

MOSCOW (Reuters) - Russian President Vladimir Putin criticised on Monday a levy imposed by the European Union on bank deposits in Cyprus as unfair and setting a dangerous precedent. "While assessing ...

NICOSIA, Cyprus — Bank closures have been extended for two more days — until Thursday — a sudden postponement after the country's leaders spent days struggling to come up with a plan to raise funds ...