Tag: banking sector

Bad loans worth €19.4bn remain in Cyprus economy

The contractual balance of Cyprus bad loans held by credit-acquiring companies stood at €19.4bn at the end of 2025, while the book value of...

Bank haircut compensation may fall sharply this year

Depositors and bondholders who suffered losses during Cyprus's 2013 banking crisis could receive significantly less compensation this year than in 2025, under new Finance...

New Cyprus cooperative bank launches today

New bank begins share offering The launch ceremony for the share offering to establish the Pancyprian Cooperative Bank will take place today at 11am at...

Cyprus banks cut 4,634 jobs and close 370 branches in ten years

Bank branches in Cyprus have declined significantly over the past decade, with banks closing 370 branches and reducing their workforce by 4,634 employees between...

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€9.7m upgrade planned for Digital Citizen app

Digital Citizen is entering a new phase, with the...

Car stolen in owner’s presence before chase ends in crash

A 28-year-old man was arrested after allegedly stealing a...

New US Ambassador highlights Cyprus-US ties and security

The new US Ambassador to Cyprus, John Breslow, highlighted...

Mathiatis dropped as site for new prison; new site under consideration

Plans for new prisons have changed, with the government...
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