The Archbishopric of Cyprus is considering acquiring more than 25% of the share capital of Hellenic Bank, in an attempt to protect the bank from any hostile acquisitions that may arise. In his...
The good performance of the Cyprus Stock Exchange due to the latest developments in the banking sector (mergers and acquisitions) pushes the CSE general index up on a constant basis. In their...
22/01/2007
In its latest report for Marfin Popular Bank, Deutsche Bank recommended a target price of Euro 11 on the stock with a Buy recommendation. On a 12-month target price of Euro 11 is based on a DDM...
The major issues in today’s financial press are the contacts that Piraeus Bank Chairman, Michalis Sallas and Marfin Popular CEO, Andreas Vgenopoulos will have with banks and supervisory authorities...
22/01/2007
According to Eurostat data released on Friday, the total number of passengers transported by air in 2005 rose by 8.5% to 706 million compared to 2004. In Cyprus, the passengers recorded an increase...
19/01/2007
Piraeus Bank Chairman, Michalis Sallas, will visit Cyprus on Tuesday to meet the Central Bank Governor, Christodoulos Christodoulou, the Archbishop of Cyprus, Chrysostomos and the Finance Minister,...
The Board of Directors of Cytrustees rejected the acquisition proposal of Bank of Cyprus, stressing that it is low and unfair. BOCY had submitted a proposal for the acquisition of the majority stake...
According to a Eurobank Securities report released on Friday, the profits of Bank of Cyprus in 2006 are expected to increase by 132% to €393 million against €123 million in 2005. This increase...
19/01/2007
According to Central Bank data processed by StockWatch, from December 31, 2005 to November 30, 2006, Bank of Cyprus and Marfin Popular Bank managed to increase their share in the loan market by 0.8...
The major issues in today’s financial press are the CSE transactions, the price of fuel and the possible submission of a Public Offer to Piraeus Bank by Dubai Investments. The “Economy” inset of...
19/01/2007