RCB Bank shifts from banking to asset management
Limassol – RCB Bank announced last week that it will cease operating as a bank and would become an asset management company. The bank cited the “ongoing and extremely volatile geopolitical situation”…
Cyprus economy to suffer by sanctions on Russia
Cyprus’ GDP could be affected by between 1.5-2% during 2022 if Cypriot airspace remains closed to Russia for the entirety of 2022, rating agency DBRS Morningstar reported yesterday. “DBRS Morningstar…