Finance Minister, Haris Georgiades referred to a long list of exceptions from the haircut on deposits, arguing that even those given to insurance and financial institutions should be reconsidered....
A list of six thousand legal and natural persons that withdrew their deposits from Cyprus in the first fifteen days of March has been forwarded to the House Institutions Committee. The envelope...
09/04/2013
The Supreme Court will meet today to determine the process in relation to the temporary decrees that have been issued for the freezing of haircuts on deposits. Chairman of the Bar Association,...
Despite the haircut on deposits of €5.8 billion, Cyprus is still facing a risk of fiscal derailment due to recession. This is what Fitch said, placing Cyprus's Long-term foreign and local currency...
Central Bank of Cyprus issued a decree yesterday for the sale of the two largest Cypriot banks, using the recent law framework for the consolidation of the banks. The decrees are the same for both...
The consequences from the approval of the bill on the consolidation of Laiki Bank and the legislation for the restrictive measures on transactions will be terrifying and unpredictable, Deputy CEO of...
22/03/2013
The various publications that appear today, particularly in the electronic media, refering to the Commission's decision to "close" the Laiki Bank Ltd (Cyprus Popular Bank Public Co Ltd), do not...
21/03/2013
The government denies reports that Cyprus Popular Bank has been sold to Russian investors. In a written statement, Government Spokesman of the Republic of Cyprus, Christos Stylianides denies...
20/03/2013
The final report of Alvarez & Marsal to verify the conditions under which the two Cypriot banks namely the Cyprus Popular Bank and the Bank of Cyprus suffered losses and, thus, requested state...