Mixed trends in deposit and loan interest rates in November ’19
Rates on deposits and loans followed mixed trends in November last year in the Cypriot banking system, data released this week by the Cyprus Central Bank shows.
According to the official data, the interest rate...
AstroBank and Qualco Group in joint venture for management of NPEs and REOs
AstroBank reached an agreement on 31st December 2019 with Qualco Holdco Limited, for the sale to the latter of 74.9% of Trusset Asset Management Limited, a newly formed company, for the management of AstroBank’s...
NPEs in Cyprus banks down to €9.7 billion in July
Non–Performing Exposures (NPEs) in Cyprus banking sector, recorded a decrease of €27 million, to €9.68 billion in July 2019, compared to the previous month, according to the latest data released by the Central Bank...
An offline route to an online business
Aren’t you amazed when you hear people are succeeding online? Nowadays we feel we can burst forth towards our success on our own. Ruminate on what type of online business you would fancy doing,...
Cyprus President outlines eleven reform proposals
Cyprus President Nicos Anastasiades outlined on Monday the government’s eleven reform proposals calling on the political parties to support their implementation which “would yield new prospects and new momentum to the business activity.”
Addressing the...
Nine-month 2019 profit after tax of €89.4 million for Hellenic Bank
The robustness and solidity of the enlarged Hellenic Bank is demonstrated by its nine-month financial results for 2019, according to a press release presenting profit after tax of €89.4 million.
It also notes that it...
Address by Cypriot President at CIBA 2019 AGM
The full statement by the Cypriot President Mr. Nicos Anastasiades follows below:
"It is a great pleasure to join you at the 26th Annual General Meeting of the Cyprus International Businesses Association (CIBA) and an...
Picking the people around you: ‘Team Up or Team Down’
A Greek saying goes as follows: “If you show me your friends, I can tell you who you are”. I would say the same goes for business. Work with the best, be one of...
Analysis: Detecting Corporate Fraud
Fraud exists everywhere and you need to be aware so as to not be conned. A con is the art of persuading someone by deception to do something. Discovering fraud in corporations and society...
Revolut and their new Privacy Policy Changes
Revolut has recently implemented some alarming privacy policy changes. We take a look at the company itself, what those recent policy changes are, and how you can opt-out.
What is Revolut?
Revolut is a financial technology...
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