News

Cyprus deposits at 6 month low, while loans on the rise

Deposits in the Cyprus banking system fell for a third month in a row in June since the elimination of capital controls to €45.8bn while loans rose to €62.5bn, the Central Bank of Cyprus released in a statement.


Casino licence for Cyprus to start preliminary planning in September

It was announced that in September, Cyprus authorities will start to implement a competitive yet fair and transparent two-stage process to select the single licensee for a Cyprus based Integrated Casino Resort.


Bank of Cyprus fills the gap left by Barclays bank

This week the Bank of Cyprus (BoC) released details on what ex-Barclays account holders should to relocate their business to Bank of Cyprus UK.


RCB to become ‘major’ Cypriot bank

Since the remaining capital restrictions in Cyprus were lifted in April, RCB Bank has been steadily building up its strategy to further develop its domestic business according to a source.


Hellenic to take over Bank of Piraeus?

Hellenic Bank is the second largest bank in Cyprus, and as is apparently in talks to purchase the Bank of Piraeus Cyprus, as stated from a Hellenic Bank source.


Cyprus MPs defend the delay in passing title deeds

Interior Minister Socratis Hasikos raised a point when he criticised parliament for not passing a government bill devised to protect house buyers without title deeds, but he hadn't been entirely right, an MP claimed on Saturday.


The Russian-Cypriot Gala: promoting strong country ties

The Russian-Cypriot Annual Gala is due to held on the 12th of September at the Presidential Palace, with the purpose of developing closer ties between the two countries.