Credit

The collapse of Silicon Valley Bank and the serious problems facing Credit Suisse will not have wider consequences for the European banking system, according to Greek bankers.

The Greek banking system is clearly in a much better position now to absorb any turbulence from international markets than it was four years ago, Finance Minister Christos Staikouras said on Thursday, commenting on global banking system tensions caused by the collapse of Silicon Valley Bank and the crisis at Credit Suisse.

The online platform for the new regulation for repaying debts in 36-72 installments is expected to open immediately after Easter, for thousands to be able to rearrange the debts they incurred between November 2021 and February 1, 2023.

Constantinos Herodotou, governor of the Central Bank of Cyprus (CBC), has called for the preservation of fiscal space, as economic prospects are deteriorating due to Russia's war in Ukraine.

You're probably well aware of the impact your credit score can has on your financial life. A good credit score can mean lower interest rates and better terms on loans, while a bad credit score can make it hard to get approved for financing at all.

But what you may not know is that personal loans can be a great way to improve your credit score. Here's how.

Nonperforming loans (NPLs) in Cyprus at the end of October 2022 amounted to 2.69 billion euros, showing a decrease of €32 million compared to the previous month.

Total new loans in Cyprus increased by 172.8 million euros in November compared to the previous month, despite an increase in interest rates across all loan categories.

The management of Attica Bank is expected by mid-January to have finalized its plan to reduce the lender's bad loans - which amount to approximately 2.5 billion euros (approximately 65% of its portfolio) - in order to then launch the process to increase its share capital by a total of €490 million. 

Biological age won’t help you live forever, but a ‘credit score for your body’ might prolong your lifespan, some scientists say

Two car companies have the highest debt