21 h. ago Bank of Cyprus buys back 339,586 shares as part of €30m repurchase programme

The Bank of Cyprus on Friday has announced that it repurchased a total of 339,586 of its ordinary shares between May 16, 2025, and May 22, 2025. The shares, each with a nominal value of €0.10, were bought on both the Cyprus Stock Exchange (CSE) and the Main Market of the Regulated Securities Market of […]

Economics

39 h. ago CBC governor outlines strategies for economic resilience and growth

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday used his address at the 4th ICPAC Mediterranean Finance Summit to underline the importance of resilience in the face of global economic uncertainties. At the event, Patsalides highlighted the necessity for strategic reforms and robust regulatory frameworks to ensure financial stability and sustainable growth. “We […]

Economics

40 h. ago EU to postpone key bank rules, waits on US deregulation plans

The European Union is set to delay new, global rules governing banks’ trading again as it waits for more clarity about the US administration’s plans to deregulate its financial sector, sources told Reuters. The Fundamental Review of the Trading Book (FRTB) is a key part the Basel III package devised in the wake of the […]

Politics

67 h. ago Hellenic Bank and Eurobank Cyprus to merge under one name: Eurobank

Hellenic Bank and Eurobank Cyprus to merge under one name: Eurobank  Kathimerini.com.cy

Politics

3 d. ago Bank of Cyprus issues shares to top executives as part of incentive schemes

The Bank of Cyprus on Tuesday announced the allotment of 317,817 new shares to members of its general management as part of its long-term and short-term incentive plans. The shares have a nominal value of €0.10 each and were originally issued on March 31, 2025. They are set to be admitted to trading on the […]

Politics

3 d. ago Hellenic Bank highlights future of banking at Reflect Festival

Hellenic Bank on Tuesday released a statement summarising its participation at this year’s Reflect Festival, highlighting its commitment to innovation, digital transformation, and the strategic role of technology in the future of banking. The festival is one of the largest technology and innovation events in Cyprus and the Mediterranean, with over 10,000 people participating in […]

Politics

5 d. ago President says prevention important in fight against cancer at walk for Europa Uomo

Prevention is the most important factor in fighting cancer, was the main message sent on Sunday by President Nikos Christodoulides, who emphasised that prostate cancer has a 90 per cent cure rate. In the courtyard of the Bank of Cyprus Oncology Center, in Nicosia, people gathered sent a strong message for life, prevention, and solidarity […]

Politics

7 d. ago Bank of Cyprus expects limited impact from tariffs, reports record profits

The imposition of tariffs is not expected to have a significant or immediate effect on the Cypriot economy, which remains resilient and continues to outperform most European countries, according to Bank of Cyprus group chairman Takis Arapoglou, . Speaking at the bank’s annual general meeting held in Nicosia, Arapoglou stressed that the Bank of Cyprus […]

Economics

8 d. ago Bank of England’s Mann says UK labour market more resilient than thought

Bank of England interest rate-setter Catherine Mann said she voted to keep borrowing costs on hold last week – having sought a big 50-basis point cut in February – because Britain’s labour market had been more resilient than she expected. “The first observation is that the labour market has been more resilient. Now, yes, we’ve […]

Economics

9 d. ago Cyprus Business Now: Hellenic Bank, Ermes, Tourism, Lady’s Mile

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority of the bank’s borrowers—more than 90,000—by easing their loan repayment terms,” the bank said. It further stated that this development “actively […]

Economics

1 week ago Central Bank of Cyprus hiring for permanent officer vacancies

The Central Bank of Cyprus (CBC) has announced that it is accepting applications for the permanent posts of Officer Second Class. The vacancies are available in the Information Technology Department, specifically in the areas of IT Systems Development and IT Infrastructure Management, as well as in the Financial Literacy Service. Applications must be submitted exclusively […]

Sport

1 week ago Cyprus Business Now: BoC, Keve, Shipping, Gender pay gap, Property, Scrutiny of influencers

The Bank of Cyprus on Monday posted a profit after tax of €117 million for the first quarter of 2025, marking an increase of 9 per cent compared to the previous quarter. In addition, according to the bank’s financial results, basic earnings per share for the quarter stood at €0.27. Return on Tangible Equity (ROTE) stood at at 18.3 per […]

Economics

1 week ago Hellenic Bank awarded dual environmental certifications for its sustainability efforts

Hellenic Bank has received dual environmental certifications this year, according to an official announcemnet released this week. The announcement noted that this “affirms its ongoing commitment to environmental protection and energy management”. Specifically, the bank successfully completed the certification process for its Environmental Management System in line with the international ISO 14001 standard, as well […]

Events

1 week ago Cyprus housing loan rates range from 2.50 to 5.24 per cent in March

The highest average interest rate on new floating-rate housing loans reached 5.24 per cent in March, according to a report published on Monday by the Central Bank of Cyprus (CBC). This figure applied to loans with an initial rate fixation period of up to one year. Meanwhile, the lowest rate offered for the same loan […]

Politics

1 week ago US and European funds eye investment in Bank of Cyprus, CEO says

US and European funds eye investment in Bank of Cyprus, CEO says  Philenews

Economics

1 week ago ‘Blue Route’ march to raise awareness about prostate cancer this Sunday

This Sunday, May 18, 2025, we walk to break the silence. To give voice and strength to the men fighting their own battles with prostate cancer, and to those who stand by them. With this powerful message, Europa Uomo Cyprus and the Bank of Cyprus Oncology Centre are joining forces, inviting the public to take […]

Events

1 week ago Forbes – A defining moment in the evolution of Alpha Bank Cyprus

Forbes – A defining moment in the evolution of Alpha Bank Cyprus  Philenews

Politics

2 w. ago Philips cuts annual profit estimates as trade war clouds outlook

Dutch healthcare technology company Philips (PHG.AS has cut its profit margin forecast for 2025, citing a net impact from tariffs of between 250 and 300 million euros ($283 million-$340 million) despite “substantial tariff mitigations”. Its Amsterdam-listed shares fell as much as 4 per cent in early Tuesday trading. The United States is Philips’ largest market, […]

Events

2 w. ago Hellenic Bank shares suspended as Eurobank proceeds with squeeze

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the Cyprus Securities and Exchange Commission (CySEC) formally recognised Eurobank’s right to proceed with the compulsory acquisition of up to 100 per cent of Hellenic […]

Economics

2 w. ago Cyprus Business Now: Hellenic Bank, Eurobank, Inflation, Oev, Rodon Hotel

Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank stated that the latest results reflect its solid capital position. It reported a pro forma Common Equity Tier 1 (CET1) ratio of 32.38 per […]

Economics