{"id":3564,"date":"2025-02-11T03:04:05","date_gmt":"2025-02-11T03:04:05","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/02\/11\/sp-grants-investment-grade-to-bank-of-cyprus\/"},"modified":"2025-02-11T03:04:05","modified_gmt":"2025-02-11T03:04:05","slug":"sp-grants-investment-grade-to-bank-of-cyprus","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/02\/11\/sp-grants-investment-grade-to-bank-of-cyprus\/","title":{"rendered":"S&#038;P grants investment grade to Bank of Cyprus"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1261263\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web-320x200.jpg?v=1612126234\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web.jpg?v=1612126233\" alt=\"S&amp;P grants investment grade to Bank of Cyprus\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web.jpg?v=1612126233\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>S&amp;P Global Ratings has just returned Bank of Cyprus\u2019 investment grade, upgrading it to the BBB- level from BB+.<\/p>\n<p>According to the rating agency\u2019s report, the upgrade reflects the reduced reliance of Cypriot banks on non-resident deposits and the improvement in the loan-to-deposit ratio.<\/p>\n<p>S&amp;P notes that Cypriot banks have strong liquidity, with stable funding ratio reaching 188% in mid-2024, while the liquidity coverage ratio stood at 328%.<\/p>\n<p>At the same time, it highlights that the decline in non-resident deposits continues, with their share dropping to 14.1% by the end of 2024, compared to 38% in 2012. This development is considered positive by the rating agency, as it reduces the risk of sudden capital outflows.<\/p>\n<p>According to S&amp;P, Bank of Cyprus has particularly high liquidity, with 29% of its assets in cash. Although declining interest rates may impact interest income, the report states that the bank has implemented risk-hedging strategies and efficiency improvements.<\/p>\n<p>The bank\u2019s loan-to-deposit ratio stood at 50% in September, while the cost of risk is expected to decrease to 65 basis points by 2026, from 83 basis points in 2024.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1261263\/sp-grants-investment-grade-to-bank-of-cyprus\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P Global Ratings has just returned Bank of Cyprus\u2019 investment grade, upgrading it to the BBB- level from BB+. According to the rating agency\u2019s report, the upgrade reflects the reduced reliance of Cypriot banks on non-resident deposits and the improvement in the loan-to-deposit ratio. S&amp;P notes that Cypriot banks have strong liquidity, with stable funding &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"S&#038;P grants investment grade to Bank of Cyprus\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/02\/11\/sp-grants-investment-grade-to-bank-of-cyprus\/#more-3564\" aria-label=\"Read more about S&#038;P grants investment grade to Bank of Cyprus\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web.jpg?v=1612126233","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-3564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/3564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=3564"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/3564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/3565"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=3564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=3564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=3564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}