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A service for banking industry professionals · Tuesday, January 21, 2025 · 779,044,989 Articles · 3+ Million Readers
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Bank of Cyprus News Monitoring

  • Published on 15:31 GMT

    33East closes €26M fund to invest in Cyprus

    Cyprus-based venture capital firm 33East has launched its inaugural fund with a first close of €26M. The fund will invest in pre-seed and seed-stage founders and startups with a connection to Cyprus, with the aim of transforming the country into a hive for …

    Source: Tech.eu - Label Pending
  • Published on 09:43 GMT

    CBC takes action to bolster banking resilience

    The Central Bank of Cyprus (CBC) has taken significant steps in the past two years to strengthen the financial resilience of the nation’s banking system. These measures, detailed in its 2023 macroprudential policy report to parliament, aim to mitigate …

    Source: Cyprus Mail - Uncategorized
  • Published on 06:24 GMT

    Cyprus Business Now: CySEC, tourism, CSE privatisation, rental prices

    Capital markets will continue to be influenced by the demands of the digital transition, the rise of artificial intelligence, as well as new regulatory requirements, according to CySEC chairman George Theocharides. Citing the European Commission’s autumn …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 18, 2025

    Cyprus Business Now: Eurobank, inflation, Limassol development projects

    Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus. The latest update on acquisition process was confirmed by Hellenic Bank CEO Michalis Louis during …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 17, 2025

    Cyprus banks see decline in most interest rates in November

    Interest rates in Cyprus continued to decline in November 2024, with home loan rates averaging 4.50 per cent, down from 4.62 per cent in October, according to the Central Bank of Cyprus (CBC). The CBC’s latest report indicates a general decline in rates …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 17, 2025

    Cyprus Business Now: hotel bookings, Paphos tourism, CBC governor

    The outlook for Cyprus tourism in 2025 is encouraging, with booking flows surpassing those of the previous year, according to president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. Michaelides stated that early bookings for 2025 are …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 16, 2025

    Cyprus economy poised for sustained growth despite challenges

    Rating agency DBRS this week released a report projecting robust GDP growth for Cyprus over the coming years. The agency explained that its projections are based on a positive trend in unemployment and Cyprus’ strong fiscal performance in recent years, …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 16, 2025

    Cyprus positioned as ‘forward-looking financial hub’, says CBC governor

    The Central Bank of Cyprus (CBC) aims to maintain stable prices and a sound financial system, according to governor Christodoulos Patsalides. Speaking at the 12th Banking Forum and Fintech Expo on Thursday, Patsalides said that “by embracing the digital …

    Source: Cyprus Mail - Uncategorized
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