The new Chairman of the Association of Commercial Banks of Cyprus is the Deputy CEO of Marfin, Panayiotis Kounnis, who was appointed during the meeting of the Board of Directors after the end of the...
Cheuvreux, subsidiary of Credit Agricole, sees a short-term rebound of the Greek banks once the second bailout plan is fully agreed. In its report dated June 3, Cheuvreux stressed “we may see a...
The exposure of the Cooperatives to Greek bonds is restricted, Supervision and Development of Cooperative Companies Superintendent, Constantinos Lyras told StockWatch. Mr. Lyras ensured that none...
The Finance Ministry disagrees with the “triple” downgrade of Cyprus by Fitch Ratings and believes that the banks have adequate capital and liquidity to deal with a possible Greek default. In its...
Marfin Popular completed the issuance of the first series 1 billion euro Covered Bonds, with a maturity of two years, an extension period of one year, an annual interest rate of 3M Euribor plus 2.00...
The Bank of Cyprus leadership urged the government to take measures for the consolidation of the fiscals and the strengthening of growth immediately. Speaking during the Annual General Meeting of...
Moody’s warned on Tuesday that a possible restructuring of the Greek debt will cause chain downgrades to several euro area countries. In its note released today, Moody's Investors Service has...
The bankers were not convinced for the course of the economy and the properties and keep a tight reign on the new loans trying to cover the increased risks. The latest Central Bank survey shows...
Moody’s started a downgrade review on Marfin Popular Bank’s covered bonds. The bonds were downgraded to Baa1 from A3 on April 19. Moody's noted that the current review on the covered bonds does...
China Development Bank Corporation has approved a loan for the amount of €300 million to Bank of Cyprus in the context of the cooperation between the two banks. The loan was approved during the...