The Supreme Court on Thursday sentenced Israeli citizens Iahr Giora and Azour Oren Avraham to 9 years and 8 months, and 9 years in prison,
Tag: banking system
Domestic households and NFCs continue to be highly indebted, Central Bank data show
Domestic households and non-financial corporations (NFCs) continue to be highly indebted, with the total debt reaching 358,1% of Gross Domestic Product (GDP) as at the
Revised loan origination directive to be finalised by end-January, CBC says
The Central Bank (CBC) is preparing a revised directive for the granting of loans (loan origination) that will focus on the borrowers` capacity to repay
Moody’s warns of moral hazard in case of forced conversion of loans in CHF
Moody`s rating agency warned of moral hazard in case Cypriot Parliament forces a conversion of housing loans in Swiss franc (CHF), noting that such a
Anastasiades says government makes enormous efforts for the economy
The government is making enormous efforts to get the country out of its difficult economic position, President Nicos Anastasiades said Saturday addressing the inauguration ceremony
Removal of capital controls, vote of confidence in our banking system, President says
President of the Republic Nicos Anastasiades said that the lifting on Monday of all existing capital controls constitutes a vote of confidence in Cyprus` banking
Hourican: Delay of foreclosures bill harmful for the banking system and the economy
The CEO of the Bank of Cyprus John Patrick Hourican has expressed concern over the delay in the foreclosures bill and the insolvency framework, saying
President: Economic adjustment programme on track despite delay in the 5th review
President Nicos Anastasiades has said that despite the delay in the conclusion of the 5th review of Cyprus` economic adjustment programme, due to the suspension
Cyprus will emerge stronger from the recent downturn, says Governor of CB
Cyprus will slowly but steadily emerge stronger from the recent downturn, the Governor of the Central Bank of Cyprus Chrystalla Georghadji believes. Speaking at the