29/05/2014 08:59
The major issue in today’s financial press is the 40th Annual General Meeting, which elected the new 10-member Board of Directors.
The newspaper “Phileleftheros” reports that DISY withdraws its confidence in the administration of the Cooperative Movement. It says that the party disagrees with the appointments, placements and case management practices. DISY appears irritated by the appointment of former executives of Laiki and an executive with “potential criminal responsibilities”.
The “Economy” inset of the newspaper reports that 6 Board members of Hellenic Bank expect the green light from the Central Bank.
Other headlines:
-Hourican: Stabilization of non-performing loans
-Deposits increased for the first time since December 2012
Zeta: Problems not linked to the decrees
-DIKO opposes to Tax Superintendent
The “Economy” inset of newspaper “Politis” refers to the 40th Annual General Meeting of Hellenic Bank. According to the report the AGM appointed Irena Georgiadou and David Bonnano of Third Point, who are waiting for the Central Bank’s “ok” to undertake the position of Chairwoman and Vice Chairman respectively.
“Politis” also reports that Bank of Cyprus gives emphasis to the big debtors to deal with the NPLs.
Other headlines:
-DISY criticizes Cooperative Central Bank
-New positive data – Improvement of climate and increase in deposits and vehicle sales
-Losses of 0.16%
The “Economy” inset of newspaper “Simerini” refers to the 40th Annual General Meeting of Hellenic Bank. According to the report, the bank enters a new era after the election of the new 10-member Board. It is noted that the election is subject to the CB approval. The new BoD must handle the NPLs, while it must prepare the bank for a capital increase so as to deal with the challenges of the stress tests.
The newspaper also highlights that deposits increased in April for the first time since December 2012.
Other headlines:
-Red loans stabilize
-PASYDY adamant
-Issue of second series of bonds underway
-Tourist opening hours extended
The “Economy” inset of newspaper “Haravgi” reports that Irena Georgiadou, the close collaborator of the Finance Minister, is expected to become the new Chairperson of Hellenic Bank. Her appointment is subject to the CB approval.
“Haravgi” also reports that the position of Reform Commissioner is vacant again.
Other headlines:
-Despair from shop owners
-Increase in deposits, decrease in loans
-New issue of 6-year bond
-Hourican: Loans stabilized
The newspaper “Alithia” refers to the statements of Bank of Cyprus CEO, John Hourican, that the non-performing loans are stabilized.
The “Economy” inset of the newspaper reports that no white smoke came out for the Chairmanship of Hellenic Bank.
Other headlines:
-Finance Minister meets N. Papadopoulos
-Cypriots buy new cars
-Deposits increased after two years
-Second series of 6-year government bonds
The newspaper “Phileleftheros” reports that DISY withdraws its confidence in the administration of the Cooperative Movement. It says that the party disagrees with the appointments, placements and case management practices. DISY appears irritated by the appointment of former executives of Laiki and an executive with “potential criminal responsibilities”.
The “Economy” inset of the newspaper reports that 6 Board members of Hellenic Bank expect the green light from the Central Bank.
Other headlines:
-Hourican: Stabilization of non-performing loans
-Deposits increased for the first time since December 2012
Zeta: Problems not linked to the decrees
-DIKO opposes to Tax Superintendent
The “Economy” inset of newspaper “Politis” refers to the 40th Annual General Meeting of Hellenic Bank. According to the report the AGM appointed Irena Georgiadou and David Bonnano of Third Point, who are waiting for the Central Bank’s “ok” to undertake the position of Chairwoman and Vice Chairman respectively.
“Politis” also reports that Bank of Cyprus gives emphasis to the big debtors to deal with the NPLs.
Other headlines:
-DISY criticizes Cooperative Central Bank
-New positive data – Improvement of climate and increase in deposits and vehicle sales
-Losses of 0.16%
The “Economy” inset of newspaper “Simerini” refers to the 40th Annual General Meeting of Hellenic Bank. According to the report, the bank enters a new era after the election of the new 10-member Board. It is noted that the election is subject to the CB approval. The new BoD must handle the NPLs, while it must prepare the bank for a capital increase so as to deal with the challenges of the stress tests.
The newspaper also highlights that deposits increased in April for the first time since December 2012.
Other headlines:
-Red loans stabilize
-PASYDY adamant
-Issue of second series of bonds underway
-Tourist opening hours extended
The “Economy” inset of newspaper “Haravgi” reports that Irena Georgiadou, the close collaborator of the Finance Minister, is expected to become the new Chairperson of Hellenic Bank. Her appointment is subject to the CB approval.
“Haravgi” also reports that the position of Reform Commissioner is vacant again.
Other headlines:
-Despair from shop owners
-Increase in deposits, decrease in loans
-New issue of 6-year bond
-Hourican: Loans stabilized
The newspaper “Alithia” refers to the statements of Bank of Cyprus CEO, John Hourican, that the non-performing loans are stabilized.
The “Economy” inset of the newspaper reports that no white smoke came out for the Chairmanship of Hellenic Bank.
Other headlines:
-Finance Minister meets N. Papadopoulos
-Cypriots buy new cars
-Deposits increased after two years
-Second series of 6-year government bonds
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