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A bank windfall tax is not the answer in Cyprus

26 May 2024 by Cyprus Mail

A bank windfall tax is not the answer in Cyprus

Since 2022, the huge deposits held by banks at the ECB have been earning millions in interest.

Categories Other Tags aid, AKEL, assets, authorities, bank, Bank of Cyprus, banking system, banks, budget, central bank, Central Bank of Cyprus, chairman, change, corporate governance, costs, credit, credit institutions, customers, Cyprus, Cyprus banks, data, debt, decline, depositors, deposits, developments, DISY, earnings, ECB, economic growth, Economy, election, Environment, eu, EU member states, European Central Bank, eurozone, events, evidence, fight, finance, finance ministry, financial institutions, financial support, fiscal measures, gift, governance, government, growth, higher interest rates, impact, income, increase, inflation, institutions, interest, interest rate, interest rates, investment, Lithuania, loans, Local, loss, Main, Managing Director, march, media, meeting, member states, monetary policy, netherlands, numbers, oil, Opinion, parliament, parties, policy, politicians, politics, positions, private sector, products, profit, profits, resolution, revenues, risk, sectors, services, slovenia, Spain, state, state aid, support, tax, taxes, total loans, trust, vice, website, WHO, windfall tax

Complaints to financial ombudsman on the up

25 May 2024 by Cyprus Mail

Complaints to financial ombudsman on the up

Complaints to the financial ombudsman’s office rose by 20 per cent in 2023 to a total of 1,121.

Categories Cyprus Tags acquisition, banks, Companies, complaints, concerns, consumers, court, credit, credit institutions, decisions, deposit rates, disputes, examination, Financial Commissioner, financial ombudsman's office, guarantee, increase, institutions, insurance, investigations, investment, investments, misinformation, nature, Office, overcharging, problems, recovery, resolution, risk, service, settlement, situation, termination

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