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A service for banking industry professionals · Saturday, January 11, 2025 · 776,130,262 Articles · 3+ Million Readers
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Central Bank of Cyprus News Monitoring

  • Published on 06:50 GMT

    Cyprus Business Now: Demetra share sale, airport traffic, instant payments

    Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday. The statement, which was released after an extraordinary general meeting held on …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 10, 2025

    Bounced cheques down by €1.15 billion in 2024

    The value of bounced cheques in Cyprus saw a significant decline in 2024, dropping by €1.15 billion to €617,873. This compares to €1.77 million in 2023, according to figures released on Friday by the Central Bank of Cyprus (CBC) in relation to the Central …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 10, 2025

    Instant payments now available across Cyprus

    The Central Bank of Cyprus (CBC) announced this week that it has started to accept instant payments on behalf of itself and its clients, including certain government departments and state organisations. The payments, effective from January 9, can be made …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 9, 2025

    Cyprus Business Now: fiscal surplus, hotel investment, funds association

    Cyprus posted a historically high surplus of €1.42 billion between January and November 2024, equivalent to 4.2 per cent of GDP, according to preliminary data from the Cyprus Statistical Service (Cystat). This marks a significant rise compared to the €709. …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 8, 2025

    Cyprus Business Now: economic sentiment, investment position, LNG terminal

    The Economic Sentiment Index (ESI) in Cyprus recorded a modest improvement in December 2024, rising by one point compared to November, according to the Economics Research Centre of the University of Cyprus (CypERC). This increase was driven primarily by a …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 8, 2025

    Interest rates drop, new lending rises

    The Central Bank of Cyprus (CBC) reported on Tuesday a decline in most deposit and lending rates in November, except for loans to non-financial corporations exceeding €1 million, which recorded an increase. The interest rate for household time deposits of …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 7, 2025

    Cyprus’ international investment position improves

    Cyprus’ international investment position (IIP) showed slight improvement during the third quarter of 2024, according to a report released this week by the Central Bank of Cyprus (CBC). The IIP recorded a net liability position of €27.8 billion in Q3 2024, …

    Source: Cyprus Mail - Uncategorized
  • Published on Jan 5, 2025

    Bicommunal committee looking at ways to withdraw damaged euros from north

    The bicommunal technical committee on economic and commercial matters is examining ways to withdraw damaged euro notes that have accumulated in the north through the Central Bank, Greek Cypriot co-chairman Manthos Mavrommatis said on Sunday. He told the …

    Source: Cyprus Mail - Uncategorized
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