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Bank of Cyprus reports €1.94 billion 9 month net loss

The Bank of Cyprus Group Financial Results for the nine months ended 30 September 2013 published earlier today show a net loss of €1.947 billion net loss over the reporting period.

Bank of Cyprus reports €2.2 billion net loss in 2012

Bank of Cyprus has announced that it made a net loss of €2.2 billion in 2012, in addition to the €1.4 billion loss in the previous year, reflecting deterioration in its loan portfolio and declining collateral values.

Big losers may apply for citizenship

President Nicos Anastasiades has announced that the Cyprus “Citizenship by Investment” programme will be revised to reduce the required minimum investment amount for acquiring Cypriot citizenship to €3 million.

Marfin Popular Bank posts €2.5 billion loss on Greece

Earlier today the Island’s second largest lender, the Marfin Popular Bank, announced a record full-year net loss of €2.5 billion, hit by a write-down on its Greek sovereign debt holdings.

Hellenic Bank takes €99.5 million hit on Greek debt

Hot on the heels of the €1 billion loss reported by the Bank of Cyprus last week, the Hellenic Bank has posted a loss of €99.5 as a consequence of a 70 percent writedown on its Greek debt.

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