The Employers and Industrialists Federation (Oev) has issued a warning against renewed efforts to impose additional extraordinary taxes on bank profits, arguing that such measures would harm the ...

March 2013 nearly broke Cyprus apart. Banks suddenly shut down, cash machines froze solid, while people found themselves locked out of their own accounts. Big deposits took a sudden hit, and funds ...

People queue up outside a branch of Laiki bank in the Cypriot capital Nicosia on March 28, 2013, as they wait for the bank to open after an unprecedented 12-day lockdown. Banks in Cyprus reopened ...

Cyprus’ banking sector recovery after the 2013 crisis reflects “the coherent and consistent functioning of two essential pillars, banks’ commitment to act and supervisors’ firm oversight,” said George ...

NICOSIA, Cyprus — Cyprus' banks said Friday their exposure to Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts, amounting to 2 billion euros ($2.17 billion), in ...

Cyprus has achieved a long-term sovereign credit rating upgrade to A from Scope Ratings due to exceptionally strong fiscal performance.

Cyprus has asked the EU for a bailout to support its banking sector, which has been badly affected by holdings in Greek sovereign bonds. But this is only part of the story. Far more serious than the ...

(AP) The chairman of Cyprus’ second-biggest bank Laiki Bank has resigned. Michalis Sarris said that he stepped down Thursday after Central Bank Governor Panicos Demetriades had asked him to. He said ...

Maria Aristidou Demetriou, chief compliance officer at Cyprus-based Hellenic Bank, spoke to Compliance Week about derisking in the Cypriot banking sector since Russian’s invasion of Ukraine and ...