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Interest Rate Drops Ignite New Loan Demand in Cyprus

by News Editor

May 19, 2025

Recent cuts in interest rates by the European Central Bank have spurred interest from borrowers in Cyprus, driving new loan demands to an impressive €1.24 billion in the first quarter of 2025. This surge is reflected in both consumer and business loans, largely orchestrated by the Bank of Cyprus and Hellenic Bank, which dominate 67% of the market.

Despite the dip in interest rates, depositor activity remains robust, indicating a strong trust in the banking sector.

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Insights from the Bank of Cyprus

The latest Bank of Cyprus reports show a 16% quarter-on-quarter and 25% year-on-year increase in new loans. This growth is primarily fueled by large corporates, mortgages, and international business loans.

Understanding Hellenic Bank’s Performance

Hellenic Bank reveals a significant uptick in new loans, reaching €404 million in the first quarter of 2025. Notably, 19% of this pertains to green loans, marking a forward-thinking trend.

Liquidity and Deposits: A Growing Trust

Both banks reflect substantial liquidity accumulation, with their market shares at 72.8%. Bank of Cyprus led with €20.70 billion in deposits, showcasing a strategic balance in terms, savings and current accounts. Hellenic Bank captured €15.9 billion in deposits, underscoring a 1% growth.

Outlook for 2025

Bank executives maintain optimism for 2025, buoyed by economic strength and liquidity. Leaders like Panikos Nikolaou and Michalis Louis reiterate their commitment to supporting domestic economic needs while maximizing shareholder returns.

The Future Forbes Realty Global Properties

Airbnb Unveils Reserve Now, Pay Later Option For U.S. Guests

by THEFUTURE.TEAM

August 15, 2025

Introduction

Airbnb has introduced an innovative payment solution designed to enhance user flexibility for U.S. travellers. The new “Reserve Now, Pay Later” feature enables users to secure a booking without an upfront payment, offering a streamlined cancellation process should plans change.

Flexible Payment Terms

This new option applies to listings that feature either flexible or moderate cancellation policies. Under a flexible policy, guests can cancel their reservation up to 24 hours before check-in, while a moderate policy offers no-fee cancellations until five days prior to arrival.

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Payment Timing and Reminders

Regardless of the cancellation window, guests are obligated to complete the full payment before the expiration of the free cancellation period. Airbnb ensures a smooth experience by sending timely payment reminders to avoid any last-minute issues.

Evolution of Airbnb’s Payment Solutions

This initiative builds on Airbnb’s previous forays into flexible payment structures. In 2018, the company offered a partial upfront payment model, and more recently, a collaboration with Klarna enabled guests to pay in four installments over six weeks. Such strategic advancements demonstrate Airbnb’s commitment to adapting and refining its payment solutions to meet evolving consumer demands.

Consumer Insight Driving Innovation

Airbnb’s decision to launch the “Reserve Now, Pay Later” feature reflects robust consumer demand, with recent surveys indicating that 55% of respondents prefer flexible payment options. Additionally, 42% noted missed opportunities due to payment complexities when coordinating with travel companions, underlining the need for simplified financial arrangements.

Conclusion

By enhancing payment flexibility, Airbnb not only broadens its appeal but also addresses critical customer pain points, reinforcing its position as a leader in the evolving travel market. This initiative exemplifies how strategic innovation can drive customer satisfaction in an increasingly competitive landscape.