Bank of Cyprus has a long way to go to achieve the strengthening of its capital base. This year’s first capital issue in the banking sector showed the challenges that the banks will face until...
The recapitalization of the domestic banks has become a stress test for thousands of shareholders, since the banking conditions remain difficult with no prospects of improvement in Greece and Cyprus...
Today is a critical day for the capital plans of Bank of Cyprus as the issue of capital to its 82 thousand shareholders will be finalized. With the issue, Cyprus’s largest bank tries to absorb the...
Moody’s downgraded Uniastrum, subsidiary of Bank of Cyprus, after the downgrade of its parent company. Uniastrum was downgraded from Ba2 to B2. According to the agency, Bank of Cyprus’s ability...
Moody’s downgraded the Cypriot banks earlier today due to the challenges from the Greek “haircut” and the difficult macroeconomic environment in Greece and Cyprus. The agency downgraded the Bank...
Laiki Bank Chairman, Michalis Sarris outlines the profile of the new investor of the bank. In his interview to StockWatch, Mr. Sarris talked about the recapitalization efforts and outnumbered the...
The Central Bank of Cyprus had warned for the risks from the exposure of the Cypriot banks in Greek bonds, Laiki Bank Chairman, Michalis Sarris revealed. In his interview to StockWatch, Mr. Sarris...
Government prefers not to reveal anything about the Central Bank Governor at the current stage, whose term of office expires in late April. “We will announce our decision as soon as we have one”,...
Cypriot Nobel Prize winner, Christoforos Pissarides stated on Friday that the Cypriot banks will be supported by foreign investors and not the government due to their liquidity problems. “It would...
The next day is difficult for the banks and economy in general, after their losses of €4.4 billion in 2011. The losses of the three largest banks correspond to 26% of the Cypriot GDP and already...