Tag: banking sector

Bank of Cyprus extends CEO’s term until 2031

Bank of Cyprus CEO Panicos Nicolaou will remain in his position until December 31, 2031, after the boards of Bank of Cyprus Holdings and...

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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AKEL to hold meeting on presidential elections

AKEL's Central Committee convened on Saturday, 31 October, at...

Paphos: Rescue operation launched for 10 people aboard sinking vessel

Cypriot authorities carried out a rescue operation involving ten...

Limassol: Youths throw object at delivery driver, injuring his head and nose

Cyprus Police are investigating an incident in Limassol in...

Missing 61-year-old Olga: Witness reports hearing a scream and seeing a car with its boot open

A witness account describing a scream heard near the...
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