After months of prevarication, MPs on Thursday agreed to invite Central Bank Governor Constantinos Herodotou before the House watchdog committee to inform them about a list of non-performing loans (NPLs) held by Politically Exposed Persons – a matter that has been memory-holed since July last year.
Read full articleManaging risk over the next decade could prove more challenging due to 10 key risk factors, according to the new EY and Institute of International Finance (IIF) bank risk management survey titled, An endurance course: surviving and thriving through 10 major risks over the next decade. The key risks, which started primarily as financial, have evolved into today’s nonfinancial risks, such as cybersecurity, geopolitics and climate change.
Read full articleThe business outlook in Limassol remains generally positive, according to the final findings of the Limassol Chamber of Commerce and Industry Business Barometer for Autumn 2019, a fact highlighted by, among other things, the majority of participating enterprises that are going to proceed with new investments and hiring new staff.
Read full article