The Cyprus Popular Bank current leadership had not been informed on the bank’s exposure to Greek bonds, its Chairman, Michalis Sarris and CEO, Christos Stylianides stated on Thursday. For the...
The state appointed on Wednesday five members in the Board of Directors of Cyprus Popular Bank, after tough negotiations and intense consultations that left various impressions of the seriousness...
23/05/2012
Fitch Ratings has downgraded and placed on Rating Watch Negative (RWN) Cyprus Popular Bank's (CPB, 'BB+'/RWN/'B') and Bank of Cyprus's (BoC, 'BB+'/ RWN/'B') Cypriot covered bonds secured by Greek...
Moody's Investors Service has today downgraded Cyprus Popular Bank Public Co Ltd (CPB)'s outstanding domestic subordinated debt rating to Ca from Caa2 and provisional rating on subordinated debt...
23/05/2012
ETYK demands the change of the decree and the participation of employees in Cyprus Popular’s effort to increase its capital. At a press conference held today, ETYK Chairman, Loizos Hadjicostis...
22/05/2012
Cyprus Popular Bank announced on Tuesday the resignation of two Board members, paving the way for the appointment of Board members by the state. “Cyprus Popular Bank Public Co Ltd (the “Bank”)...
22/05/2012
The decision for the state support of Cyprus Popular Bank pushes Cyprus into a debt trap. The almost certain support of the bank pushes state’s obligations up to 80%, regardless of whether the funds...
22/05/2012
The House Finance Committee’s closed session continued amid disagreements over the possibility of investigating the causes for the banking and economic conditions in Cyprus. The Committee will...
21/05/2012
The European Stability Mechanism will be financing the recapitalization of banks via loans to governments, including the countries that are not covered by the program, as from July 2012. Speaking...
21/05/2012
ETYK faces the biggest challenge in its 57 years of history, after the government’s decision to issue a decree including a salary cut for the CPB employees due to its nationalization. The...
21/05/2012