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CarVal Reduces Stake In Bank Of Cyprus To 5.9%

by THEFUTURE.TEAM

January 15, 2025

Global investment fund CarVal Investors has further trimmed its shareholding in the Bank of Cyprus, now holding 5.9% of the bank’s shares, as disclosed in a recent announcement on the Cyprus Stock Exchange (CSE).

This marks the second reduction in CarVal’s stake within a few months. In October 2024, the firm decreased its shareholding from 9.1% to 6.1%, reflecting its continued divestment strategy.

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On Monday, Bank of Cyprus shares closed at €4.74, a slight decrease of 0.21%, with a trading volume of 35,524 shares.

The move by CarVal signals ongoing shifts in the bank’s ownership structure, potentially influencing its future strategic direction and market dynamics.

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Financial Upswing: Cyprus Deposits Surge by Nearly €0.5 Billion in April 2025

by News Editor

May 30, 2025

April 2025 marked a significant financial turn for Cyprus as net deposits soared by €492.9 million, a stark contrast to the net decrease of €66.3 million in March, according to the Central Bank of Cyprus (CBC). This uptrend resulted in deposits reaching a robust total of €56.1 billion.

Key Contributors to Growth

Cypriot residents played a pivotal role in this growth, with their deposits rising by €410.5 million. Household deposits alone surged by €172.2 million, while non-financial corporations contributed another €173.1 million. An additional €65.2 million was garnered from other domestic sectors.

Loan Activity: A Comparative Snapshot

In terms of loans, April saw a net increase of €169.1 million, though this was a tapering from March’s €429.9 million hike. However, the annual loan change rate climbed to 4.9% from the previous 3.1%, highlighting a balanced financial environment.

For more insights on financial trends impacting Cyprus, consider exploring how Cyprus’s labor market is strengthening. Stay tuned for more updates on how these trends affect various sectors.