Britain’s largest bank, HSBC, is facing legal proceedings in the U.S. regarding the sale of property in the occupied territories. Legal documents filed by a group of British investors claim that...
The Association of Commercial Bank of Cyprus sounded the alarm, stressing that the standardized formulas used by troika for the calculation of capital requirements for banks, might not be in line...
Cyprus might need €15 billion from the bailout mechanism, Standard & Poor’s reported yesterday. In its report for Cyprus, the agency supported that the combination of banking support and the...
Central Bank of Cyprus is close to introduce a five-member committee to investigate the conditions that led the two biggest banks of the country to great losses. The committee will be finalized...
The European Commission has prohibited the payment of interest on securities when a bank is in the process of recapitalization, the government argued today in response to reactions to the decisions...
Bank of Cyprus employees in Greece stated on Thursday that they will not tolerate or allow any shrinkage plan of Bank of Cyprus. According to an announcement of the Association of Employees of...
Cyprus Popular Bank announced on Thursday the appointment of two new members in the Board of Directors, Messrs. Nicos Hadjinicolaou and Panicos Poutziouris by the Minister of Finance with the consent...
The two Cypriot banks taking part in the capital exercise, Bank of Cyprus and Cyprus Popular, have not been able to reach the 9% core tier target by actions in the private market, an EBA announcement...
Hellenic Bank announced today the enhancement of its capital by €46.8 million and the coverage of its capital needs. According to the announcement, the Bank strengthened significantly its capital...
Mr. Andreas Eliades’ withdrawal from Bank of Cyprus signals the end of an era of the most rapid growth in the 113-history of the Group. When Mr. Eliades took over the reins from Solon...