In its latest report for the Bank of Cyprus, the international credit rating agency, Moody’s, sounded the alarm for the uncovered pension liabilities of the fund, which pensions off more than three...
According to Athens Stock Exchange data released recently, Cyprus ranks fourth in the list of foreign investors in the Greek stock exchange, investing €2.44 billion, which is 5.7% of the total...
11/11/2005
The latest developments on the acquisition of the Serbian bank Centrobanka by the Popular Bank are still unclear. Although the Serbian bank supports that the Popular Bank will increase its capital...
11/11/2005
Laiki Group announced officially on Tuesday that it has reached a provisional agreement with the Serbian bank Centrobanka for the acquisition of the latter’s majority stake. The purchase price...
08/11/2005
The critical meeting for the labour future of Cyprus Airways between the management and the trade unions will take place on Tuesday amid a strong dispute between the government and the opposition on...
07/11/2005
The increasing inflow of “foreign” deposits in the commercial banks is about to bring significant changes in the structure of the domestic banking system. The deposits of non-Cyprus residents in...
07/11/2005
In a report released on Thursday, the Swiss Bank UBS adjusted the Bank of Cyprus PT to £3.43 from £3.72 to take account for the new number of shares from the forthcoming rights issue. The bank...
04/11/2005
According to official data released recently, there was a redistribution of 3% of the credit market in the first nine months of 2005, mostly via the competition among the banks for the allocation of...
03/11/2005
After the end of the meeting for the future of the Cyprus Airways’ employees, government Spokesman, Kypros Chrysostomides said that the Council of Ministers evaluated the dramatic financial condition...
02/11/2005
Two weeks after the positive revision of its initial estimates, Deutsche Bank revised up its estimates for the middle-term profitability of the Bank of Cyprus and the possible performance of its...
02/11/2005