Cyprus Popular Bank announced on Thursday the appointment of two new members in the Board of Directors, Messrs. Nicos Hadjinicolaou and Panicos Poutziouris by the Minister of Finance with the consent...
The resignation of Bank of Cyprus CEO, Andreas Eliades, signals new changes in the administrations of the banks. The resignation of the powerful banker was not a surprise for his close associates...
Bank of Cyprus, Cyprus Popular Bank and the Cooperative Central Bank need additional capital of €841 million from their exposure to Cypriot government bonds. According to a letter sent to Central...
China’s likelihood to participate in the share capital of Cyprus Popular Bank is 50-50%, CPB Chairman, Michalis Sarris stated today and clarified that the Group needs an additional amount of €560...
03/07/2012
Cyprus Popular Bank announced today that it hardly absorbed €3 million from the rights issue of €1.8 billion and €177 million from the conversion of hybrid capital securities of €738 million, leaving...
02/07/2012
The supervisory authorities expect the capital needs of the banks to have been clarified by September since they will cooperate with troika in the next few months to restructure the banking system...
Cyprus will have China’s answer on the financing of the government and Cyprus Popular Bank by Friday, Commerce Minister, Neoclis Silikiotis stated on Tuesday. In the sidelines of a conference, Mr...
26/06/2012
The next few days will be critical for the interstate loan as the deadline for the recapitalization of Cyprus Popular Bank approaches. The issue of CPB capital will be finalized on June 29 and the...
25/06/2012
House Commerce Committee approved on Thursday the appointment of KPMG as consultant for the preparation of the restructuring plan of Cyprus Popular Bank. Chairman of the Committee, Nicolas...
21/06/2012
The government appointed KPMG as independent consultant for the restructuring of Cyprus Popular Bank. According to a document prepared by the Finance Ministry, in agreement with the Central Bank...
19/06/2012