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Media Centre

    Cypriot banks relaxed their mortgage and consumer credit standards in the fourth quarter of 2017, for the first time since the end of 2014, and are expected to do the same in the current…
                                                                        Small shop owners in the occupied areas are struggling after the Turkish Lira lost value against the US dollar, British pound and the euro. “We cannot keep up with foreign currencies gaining…
                                                                                             A legislative proposal removing the right of co-operative banks to issue injunctions on the transfer of borrowers’ property and regulating the arbitration process to include the borrower’s right to select…
0 The management committee of the Central Bank of Cyprus’s deposits guarantee scheme said that authentication process of data and documents submitted by depositors of the Cyprus Branch of the FBME Bank and beneficiaries will begin…
Moody’s Investors Service has today upgraded Cyprus’ government bond rating by two notches to B1 from B3. The outlook is stable. The key drivers for the upgrade are: The faster than expected economic recovery and the…