Central Bank of Cyprus (CBC) has filed an application to the Nicosia District Court for the liquidation of former Laiki Bank, more than seven years after the bank’s consolidation process started,...
The European Court of Justice decided today to uphold the judgments of the General Court of the EU in so far as it dismissed the actions for damages brought by a number of individuals and companies...
Cyprus will set up a scheme aiming to alleviate the losses suffered by uninsured depositors (over €100,000) whose deposits have been converted to capital as part of the bailout of the banking sector...
The Cyprus Popular Bank special administrator announced yesterday that it has successfully completed the sale of 21,467,720 ordinary shares of Bank of Cyprus Holdings (BOCH), representing...
The Office of the Auditor General of the Republic of Cyprus submitted on Monday to the Attorney General its report on the emergency liquidity assistance (ELA) by the Central Bank of Cyprus to the...
On 30 September 2016, Cyprus Popular Bank entered into a share purchase agreement with Expobank Cz A.S. to sell its participation in Marfin Bank A.D. Beograd (MBS), representing 99.09% of the bank’s...
The Cyprus Securities and Exchange Commission expects to investigate three more cases related to the 2013 bank collapse by the end of 2016, according to its president, Demetra Kalogerou. The...
Two European arrest warrants were issued today, against Efthimios Bouloutas and Markos Foros who are accused in the first criminal case regarding Laiki Bank. The warrants were issued following a...
The provincial court has issued European arrest warrants for the former managing director of Laiki Bank Efthimios Bouloutas and the former member of the board of directors, Markos Foros. The two...
The Cypriot central bank’s proposal for the transfer of Laiki bank’s management to its creditors points out to many concerns. Although the supervisory authority does not reject the proposal, it...