S&P Upgrades Bank of Cyprus To Investment Grade With “BBB-” Rating

by THEFUTURE.TEAM

February 10, 2025

S&P Global Ratings has upgraded the Bank of Cyprus to “BBB-” from ‘BB+’, marking a significant milestone for both the bank and the broader Cypriot banking sector. This upgrade reflects the bank’s improved financial stability and creditworthiness, along with the country’s favorable economic conditions.

Key factors contributing To The upgrade include:

Strengthened Liquidity and Capital Ratios: As of mid-2024, the Bank of Cyprus boasts a net stable funding ratio of 188% and a liquidity coverage ratio of 328%, indicating a solid financial position and reduced risk of deposit outflows.
Improved Access to Capital Markets: The bank has gained better access to international capital markets, supported by Cyprus’s strong economic momentum and its improved credit standing. This has enhanced investor confidence and facilitated easier access to foreign capital.
Resilient Profitability and Capitalization: Despite declining interest rates, the Bank of Cyprus is expected to maintain strong profitability, bolstered by its strategic hedging positions and ongoing efficiency improvements. The bank’s capital ratio is forecast to remain robust over the next 18-24 months.
Funding Stability: Cypriot banks, including Bank of Cyprus, have made significant strides in reducing reliance on less stable non-resident deposits. Additionally, improvements in the loan-to-core deposit ratio have enhanced the overall stability of the banking sector’s funding base.
Supportive Economic Environment: Cyprus’s economic outlook remains positive, even amidst interest rate reductions, contributing to a stable and optimistic growth trajectory for the Bank of Cyprus.

This upgrade to investment grade reinforces Bank of Cyprus’s solid position in the regional financial landscape and is expected to bolster investor confidence further.

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Tesla’s China-Made EV Sales Surge 35% Amid Fierce Industry Rivalry

by THEFUTURE.TEAM

March 13, 2026

Tesla’s China-made electric vehicle sales rebounded in early 2026, with combined deliveries for January and February rising more than 35% to 127,728 units on an adjusted basis. The increase follows seasonal adjustments related to the mid-February Lunar New Year and reflects renewed momentum for Tesla’s Shanghai Gigafactory. The facility supplies vehicles both to China’s domestic market and to export destinations across Europe and the Asia-Pacific region

China’s Robust EV Market

Data from the China Passenger Car Association (CPCA) indicates continued growth in China’s electric vehicle market despite intensifying competition among manufacturers. Although Tesla’s deliveries increased during the period, the company still trails Chinese automaker BYD in overall market share. BYD has strengthened its position through new battery technologies, including the Blade battery, which is designed to support significantly faster charging and improved safety.

Competitive Dynamics And Global Footprint

Production at Tesla’s Shanghai facility remains one of the largest sources of EV output globally. However, BYD overtook Tesla as the world’s largest electric vehicle manufacturer in 2025, supported by strong overseas expansion and a broader product portfolio. Tesla continues to rely on exports from Shanghai to support sales growth in international markets. Recent data has also shown rising vehicle registrations across several European countries, indicating sustained demand despite increasing competition.

Emerging Competitors And Market Shifts

Competition in China’s EV market has intensified as domestic manufacturers expand their offerings. Automakers such as Geely and Xiaomi are gaining market share by introducing vehicles with competitive pricing and advanced features. In February, one Geely model outsold vehicles from both Tesla and BYD in China, while Xiaomi’s YU7 SUV surpassed Tesla’s Model Y to become one of the country’s top-selling vehicles. The CPCA expects finalized sales data for March to provide further insight into market trends following the Lunar New Year period, which typically includes new model launches and increased production activity.

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