Greece

Cyprus is expected to return to growth in 2015, while the capital control imposed by the bailout program signed in 2013 can soon be dismantled, Central Bank of Cyprus Governor Chrystalla Georghadji said before the parliament's financial affairs committee...

The Central Bank of Cyprus (CBC) announced on Friday it has taken over the administration of FBME Bank’s operations in Cyprus after the US government named the lender as a financial institution of primary money laundering concern. “The Central Bank...

Constantinos Herodotou was appointed on Tuesday to the position of Director of the Central Bank of Cyprus. The President of the Republic Nicos Anastasiades signed Herodotou's appointment in a ceremony which took place at the presidential palace of Cyprus in...

The total assets of investment funds increased by approximately 8% to €2.928 million in June 2016, compared with €2.712 million in March 2016, Central Bank statistics show. The Central Bank said that this is "due to the increase of the...

A decision by the US Treasury's Financial Crimes Enforcement Network (FinCEN) to prohibit US financial institutions from opening or maintaining a correspondent account for, or on behalf of, the Federal Bank of the Middle East (FBME) has become final,...

Chrystalla Georghadji, has been appointed head of the Cyprus Central Bank following the resignation of former governor Panicos Demetriades, who was appointed by Cyprus' previous communist administration. Georghadji who is currently Auditor General, will be Cyprus' first female Central Bank...

Central Bank Governor Panicos Demetriades resigned on Monday after two turbulent years in office, which also saw the launch of an investigation into his dealings with a consultancy firm. An official statement said Demetriades’ resignation has been accepted by President...

A British university's financial economics professor was appointed Cyprus' new Central Bank governor Saturday, as the eurozone member struggles to contain a stagnating economy and banking system roiling under heavy exposure to Greek debt. Government Spokesman Stefanos Stefanou said President...

Cyprus President  Anastasiades' televised news conference recently confirmed the notion that there never was a viable strategic plan to solve the Cyprus problem. It has been nothing but a political charade. After years of talks between the two ethnic communities...

The European Central Bank (ECB) recommenced purchases of Cypriot government bonds following the upgrade of Cyprus credit rating to investment-grade by Standard and Poor’s. Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase...

A Cypriot court on Thursday found a former CEO of the Bank of Cyprus guilty of market manipulation, shortly before the island's banking system almost collapsed in 2013. The court ruled that Andreas Eliades, had deceived shareholders on the actual...

A move by the European Central Bank to ask eurozone banks to set aside enough cash to cover 100% of their non-performing loans (NPLs) over the next several years, is especially expected to hurt Greek banks. Eurozone banks are sitting on...

The Guardian newspaper has revealed that a number of Russian and Ukrainian oligarchs have obtained Cypriot, and therefore European citizenship, in exchange for billions in investment. The British paper says it has in its possession a leaked list of names...

Regarding the events in 2015 that led to a bank holiday and capital controls in Greece on his watch, the country's former finance minister Yanis Varoufakis on Wednesday announced that he had officially requested the European Central Bank (ECB)...

Total deposits in the Cypriot banking system in January 2017 amounted to 49 billion euros, marking an increase of 6% year on year, according to data released by the Central Bank on Tuesday. Deposits increased by 149 million euro compared...