Piraeus Bank signed today an agreement to acquire all deposits, loans and branches in Greece of Bank of Cyprus, Cyprus Popular Bank (CPB) and Hellenic Bank, including the loans and deposits of their...
Fitch Ratings has taken rating actions on the three largest Cypriot banks following the agreement the Eurogroup reached with the Cypriot authorities on Monday morning as a precondition to provide...
26/03/2013
Central Bank of Cyprus issued a decree yesterday for the sale of the two largest Cypriot banks, using the recent law framework for the consolidation of the banks. The decrees are the same for both...
Chairman of the Board of Directors of Bank of Cyprus, Andreas Artemi, handed in his resignation today. According to StockWatch sources, the reasons for his resignation concern the appointment of an...
26/03/2013
Central Bank of Cyprus suspended the planned reopening of banks on Tuesday, after disagreement with the government’s intention not to impose restrictions in the capital movement. After...
26/03/2013
European Commission Vice President, Oli Rehn insists on the approval of the bills for the consolidation of banks and the imposition of restrictions in capital movement the soonest possible....
22/03/2013
The Cypriot government seems to have agreed with the troika on a formula combining the set up of the Investment Solidarity Fund with a haircut on deposits exceeding €100 thousand of 7% - 8%....
22/03/2013
The consequences from the approval of the bill on the consolidation of Laiki Bank and the legislation for the restrictive measures on transactions will be terrifying and unpredictable, Deputy CEO of...
22/03/2013
Central Bank Governor, Panicos Demetriades appealed to the Parliament on Friday to approve the bills and warned that there is a default risk. Earlier, Mr. Demetriades, speaking to the House...
22/03/2013
The various publications that appear today, particularly in the electronic media, refering to the Commission's decision to "close" the Laiki Bank Ltd (Cyprus Popular Bank Public Co Ltd), do not...
21/03/2013