Bank of Cyprus’s plan to list shares on the London Stock Exchange and exit the Athens bourse will raise the profile of the eastern Mediterranean island’s largest lender and help lift its market value...
The Bank of Cyprus announced today a new organizational structure slimming down its top executive team, making changes to the management of key portfolios and turning Christakis Patsalides, into a...
28/04/2016
Fitch Ratings upgraded on Monday the Bank of Cyprus` Long-Term Issuer Default Rating (IDR) to `B-` from `CCC` and Hellenic Bank`s Long-Term IDR to `B` from `B-`. The rating agency said the outlooks...
Bank of Cyprus needs to create a new top company as part of London Stock Exchange listing plan as Cyprus is a frontier market under index rules, lender’s CEO John Hourican says in telephone interview...
11/04/2016
The Bank of Cyprus will become a subsidiary of a new parent company to be set up in Jersey, according to the chairman of the Finance Committee of the parliament Nicholas Papadopoulos. During the...
11/04/2016
A listing to the London Stock Exchange and a premium listing is the right thing to do, Bank of Cyprus John Patrick Hourican has said. The Bank announced it will pursue a listing in the London Stock...
06/04/2016
Bank of Cyprus Public Company Ltd has agreed to sell Kermia Hotels Ltd and adjacent land, reaching another milestone in the Group’s restructuring. According to a statement, Kermia Ltd, a wholly...
05/04/2016
The Bank of Cyprus announced today the restructuring of the loans of one its biggest debtors, the Leptos Group, in an agreement that involves the extension of loan maturities, conversion of loans to...
Emergency liquidity assistance recorded a new decline for the Bank of Cyprus in February 2016. According to Central Bank data, the total ELA support to the banking system fell to €4.27 mn from €4.39...
10/03/2016
The Bank of Cyprus Board of Directors convenes on Thursday to approve the 2015 preliminary financial results which will be published after the closing of the Cyprus and Athens stock markets in the...
25/02/2016