The Central Bank maintains its views on the methodology and assumptions used by Pimco, it stressed in an announcement. On the occasion of today's reports in the local press in relation to the...
All scenarios for raising capital of €7-10 billion from the Cypriot banks are open. The completion of Pimco’s due diligence brings the Cypriot banks faced with difficulties in covering the capital...
Pimco’s extreme scenario in relation to the capital needs of the banks is far away from the basic scenario, Finance Minister, Vassos Shiarly stated, expressing the disagreement of the Cypriot side...
The Cypriot authorities are examining alternative scenarios to make public debt sustainable, after the release of Pimco’s report on Saturday. The bottom up due diligence of Pimco had the same...
Bank of Cyprus announced today the withdrawal of 229 employees and a reduction in its payroll cost by 8.5%. The Bank, which had prepared an early retirement plan early this year, announced today...
Latest Central Bank data show transfers of billions of euros and large intra-systemic changes. The nationalization of Cyprus Popular Bank, the changes in capital ratios and the large losses from...
Almost €900 million more flowed into the banking system in 2012 despite the challenges that the banking sector faces and the negative climate for Cyprus. The banking system seems to withstand the...
The Cypriot authorities and its creditors are in talks for the appointment of a foreign firm to investigate the country's banking system in order to detect whether there is money laundering,...
The police - on the instructions of the Attorney General Petros Clerides - launched investigations yesterday in the Central Bank to investigate a complaint in relation to leaking confidential...
The question of the capital needs of the Cypriot banks remains open, since the Cypriot authorities and the international creditors continue to discuss the findings of Pimco’s due diligence and to...