FINANCE

Euro zone must share more banking risks – Dijsselbloem

Euro zone must share more banking risks – Dijsselbloem

European Union countries should share more banking risks, the chairman of euro zone finance ministers Jeroen Dijsselbloem said on Saturday, indicating support for a plan to set up a EU-wide guarantee [...]

Central bank asks banks to restructure based on performance indicators

“For this quarter banks were asked to submit their actual performance in relation to the four indicators and their targets for the third and fourth quarter of 2015,” the central bank said. “The [...]

CBC denies mishandling charges in FBME resolution case

THE Central Bank of Cyprus (CBC) on Friday denied rumours of mishandling in placing the Federal Bank of the Middle East (FBME) under administration and resolution that could cost the taxpayer millions [...]

Cabinet approves title deeds bill (updated)

The cabinet has approved a bill addressing the problem of thousands of home buyers trapped without title deeds, Interior Minister Socratis Hasikos said on Wednesday. The bill covers thousands of peo [...]

Q1 home prices drop 1% quarterly, Central Bank of Cyprus says

Prices for houses and flats fell 0.8 per cent and 1.5 per cent in January to March respectively, the Central Bank of Cyprus said in a statement on its website today. Home prices fell a quarterly 2 per [...]

Cabinet approves scheme to protect primary residence

Under the terms of the scheme, borrowers must have exhausted restructuring and mediation procedures and already have applied to the insolvency agency for loans granted by a financial institution licen [...]

Cabinet approves scheme to protect primary residence

Under the terms of the scheme, borrowers must have exhausted restructuring and mediation procedures and already have applied to the insolvency agency for loans granted by a financial institution licen [...]

Cabinet approves scheme to protect primary residence

Under the terms of the scheme, borrowers must have exhausted restructuring and mediation procedures and already have applied to the insolvency agency for loans granted by a financial institution licen [...]

CNP Assurance, Cyprialife claim €200m plus from Bank of Cyprus

Under the terms of Cyprus’s 2013 bailout agreement, Bank of Cyprus merged with Laiki and took over all its assets and liabilities, including Laiki’s stake in CNP Cyprialife. CNP Assurance agreed t [...]

Europe dampens Greek hopes of swift deal as clock ticks (Updated)

European lenders on Tuesday played down Greek hopes of a swift end to negotiations on an aid agreement and warned talks must speed up before the country runs out of cash. A sober outlook from Brussels [...]

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