Shocking figures have been published concerning the amount of Non-Performing Loans at cooperatives, alluding to gross mismanagement or even a “looting” from party - controlled boards. The figures...
The Securities and Exchange Commission Board has decided that the Bank of Cyprus has infringed the article on actions by people who hold insider information and market manipulation law of 2005-2012...
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...
Around 900 people have submitted their applications to join the voluntary retirement plan so far, just two days before the deadline given by the transitional board of the Bank of Cyprus, expires....
The central bank clarified today how the recapitalization process of the banking sector will proceed. A day after the exit of Cyprus’s biggest bank from the resolution regime and immediately after...
The Cyprus program is “on track” for achieving its objectives according to a joint statement by creditors which was released a few minutes ago. The announcement notes the progress made in...
The Bank of Cyprus announced that the recapitalization process by converting deposits into equity, has been completed and the bank has exit the resolution regime on 30 July 2013. According to the...
Tomorrow is expected to be a long day for BOCY as it waits for ECB to bring it back in a state which allows monetary policy actions. Speaking this morning on national radio, the president of 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...
The goverment gazette published today the decree regarding the release of deposits from the Bank of Cyprus, after its exit from the resolution regime. The decree is attached.