Breaking News
31 August 2014 10:25
Non-performing loans (NPLs) at banks increased by €317 million in June compared with the previous month, despite a reduction in the total amount of loans, according to Central Bank data.
On June 30 NPLs amounted to 46.5% or €27.81 billion from total loans of €59.80 billion, compared with 45.55%......More
29 August 2014 09:19
Shareholders of Bank of Cyprus , which recapitalised by seizing clients' deposits in 2013, on Thursday approved plans for a 1 billion euro capital issue ahead of EU-wide stress tests later this year.
The European Bank for Reconstruction and Development, partly owned by the European Union, and......More
28 August 2014 14:42
NICOSIA-Bank of Cyprus, which was recapitalised last year using clients' deposits, posted a first-half net profit attributable to shareholders of 81 million euros, it said on Wednesday.
The results were preliminary and have not been reviewed by external auditors, the Cypriot lender said. Profit......More
28 August 2014 12:03
LONDON - Budget airline Ryanair has confirmed that it plans to bid for the Cypriot national airline, which is up for sale.
Ryanair's chief marketing officer, Kenny Jacobs, told BBC Radio 5 live on Wednesday that it would submit its business proposal for Cyprus Airways in time for the bid deadline......More
27 August 2014 09:36
NICOSIA- A 15% increase in the number of visitors to Cyprus from Switzerland is anticipated by the end of the year, according to the Cyprus Tourism Organisation’s top official in Zurich.
An official announcement on Tuesday said the head of the CTO’s Switzerland office,
George Papantoniou,......More
26 August 2014 17:37
NICOSIA – A district court on Tuesday turned down an appeal by old shareholders of Bank of Cyprus to suspend the lender’s extraordinary general meeting scheduled for Thursday, a BoC press release said.
The district court also rejected an appeal for an order to be issued forbidding the......More
26 August 2014 14:49
NICOSIA- The Bank of Cyprus (BOC) has said its financial results for the first half of 2014 will be released on August 27 and its report audited by the Group’s external auditors announced on August 29.
According to a Monday press release, in order for the existing shareholders of the Bank to be......More
25 August 2014 18:32
NICOSIA – The Association of Bankers will meet on Monday afternoon with the aim to later announce “some things” related to the island’s controversial repossessions bill that are positive for their clients.
This is what Association president George Georgiou said after a morning meeting between......More
20 August 2014 13:15
The measures proposed by the government to accompany a controversial foreclosures bill so as to ease its approval by parliament and meet a Troika condition for the next instalment of bailout cash, will be announced on Wednesday after the Cabinet meeting.
The announcement will be made amidst......More
20 August 2014 13:15
The Bank of Cyprus, the island’s largest lender, has expanded its list of property for sale with 54 pieces now listed on its web site, Phileleftheros newspaper reported on Wednesday.
The property involves assets which were taken over by the bank in payment for loans or property resulting from the......More
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