The new Management of the Bank will reduce staff by 2.5 thousand, according to Board Chairman, Sophocles Michaelides. One day after agreeing with ETYK on wage cuts of up to 30% and amid...
The arrangement for the coverage of the provident funds of Bank of Cyprus and Cyprus Popular Bank is a Gordian Knot for the achievement of a comprehensive agreement between Bank of Cyprus and the...
19/06/2013
Bank of Cyprus announced today that, as of 30 May 2013, the duties of the Board of Directors are exercised by the members of the Board and the duties of the Chief Executive Officer are exercised by...
18/06/2013
Bank of Cyprus and ETYK reached a preliminary agreement last night in relation to the voluntary retirement plan and the payroll reduction. The agreement, which is subject to all institutions...
18/06/2013
The full lifting of restrictions in the Cypriot banking system has delayed since the flow of data from the banks, Bank of Cyprus mostly, shows that confidence in the system needs more time to start...
18/06/2013
The Central Bank of Cyprus believes that the observations of the opinion of the European Central Bank dated June 5 in relation to the draft law for the increase in its Board members from five to...
17/06/2013
Bank of Cyprus made certain clarifications on press reports that refer to the freezing of the ownership of the Ukrainian’s subsidiary, PSJC Bank of Cyprus Ukraine. According to the announcement, in...
14/06/2013
The promotion of the retirement plan of Bank of Cyprus seems to rely on the government, as the Management and the trade union are close to an agreement, which – however – stumbles at the uncertainty...
14/06/2013
Attorney General, Petros Clerides commented on the political pressures to open a criminal case for Uniastrum. He said he decided to proceed with the investigation of criminal offenses that may...
13/06/2013
The Cyprus Development Bank Public Company Limited (cdbbank) announced that its Chief Executive Officer, Kyriakos Iakovides resigned from the service of the Bank on 11.6.2013. As stated in the...
12/06/2013