The resolution authority decided by majority on Friday to authorize another person to vote on behalf of Cyprus Popular Bank instead of the bank’s administrator at the upcoming Annual General Meeting...
The Cyprus government wasted no time in claiming an active role in the resolution process of the Cyprus Popular Bank (CPB). Only a few days after the parliament voted a private bill for amending...
The processes for the new Board of Directors of Bank of Cyprus intensified this week. On the one, the supervisory authority will continue its efforts to coordinate new shareholders to enable them to...
Applications for early retirement at the Bank of Cyprus exceeded one thousand while the union estimates that the number may reach 1200. According to ETYK’s vice president Prodromos Charalambous, the...
Positive results and liquidity support is what Nicosia expects at the end of the first assessment of the implementation of the support program. The key part of troika’s first mission is going to be...
CCB is issuing orders for the implementation of 47.5% haircut today, as well as for the release of part of the money which has been frozen in BOCY, leading the bank out of the resolution regime it...
Things are still unclear in relation to the KPMG report and the determination of the final amount of the "haircut" of uninsured depositors of Bank of Cyprus. Processes continue and much will depend...
The Security and Exchange Commission decided to delist the titles of Cyprus Popular Bank from the CSE. According to an announcement, at a meeting held on July 8, 2013, after taking into account...
11/07/2013
The government requested ten more days so as to deliberate with the troika and be able to give answers to the provident funds of the employees of Bank of Cyprus and Cyprus Popular Bank. The trade...
The countdown for the voluntary withdrawal of 5600 Bank of Cyprus employees started today, as the plan prepared by the Group’s management came into force. From today until Friday, July 26, all...