Gather the CEOs of any business and the first topic of conversation is how banks are mistreating them, how banks are late in their response and inflexible, how frustrating it is to
Around one-third of Cyprus banks’ gross loans had payment deferrals for borrowers affected by coronavirus lockdown disruption, adding credit risk to the banking system, said Moody’s. “Although the payment deferrals reduce the
“Cash is king” is a phrase according to which money (cash) is more valuable than any other form of investment tool. According to Investopedia, this trusted phrase also refers to the cash
Suspended debt repayments at the request of borrowers spiked during the coronavirus outbreak to €1.19 bln on May 8 from €894 mln on April 24, according to Central Bank of Cyprus (CBC)
Pure new bank lending in Cyprus declined by 33% in March compared with the previous month, as the lockdown to curb the spread of the coronavirus outbreak began to bite. According to
Applications to suspend repaying loans in Cyprus have exceeded 15,000 after the government announced a nine-month freeze as part of emergency measures to mitigate the impact of the coronavirus outbreak. Cyprus parliament,
Applications to suspend repaying loans in Cyprus have exceeded 7,000 after the government announced a nine-month freeze as part of emergency measures to mitigate impact of the coronavirus epidemic. Parliament approved a
Two rival card payments handlers have hiked the amount for cashless payments to alleviate worries of people touching keypads to insert their PIN numbers amid the coronavirus scare, as card use rises
Moody’s expects government financial support for affected businesses and households, in addition to ECB measures and Central Bank of Cyprus moves, to help limit the coronavirus-related impact on banks’ asset quality and
The Central Bank of Cyprus has freed an additional €100 mln bringing total capital buffers to €1.4 bln in a bid to encourage banks to continue lending and be more flexible to
