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Bank of Cyprus deposit ratings for upgrade

Moody’s Investor Service has announced that it has placed the long-term deposit ratings of the Bank of Cyprus on review for upgrade following the bank’s successful completion of its €1 billion capital increase.

Moody’s: Cyprus banking sector risk ‘very high’

Moody’s Investor Services has warned about the dangers lurking in the Cyprus Banking system due to the high percentage of non-performing loans and considers the banking sector risk to be “Very High”.

Complimentary tickets to NEC property exhibition

Complimentary tickets, which are usually £10 each, are being offered by the organisers of this autumn’s ‘A Place in the Sun Live’ overseas property exhibition that is being held at the NEC in Birmingham.

Fitch upgrades Bank of Cyprus and Hellenic Bank

Ratings agency Fitch has upgraded the Bank of Cyprus and the Hellenic Bank but warned that the island’s biggest lender still faces a high risk of capital erosion because of weakening asset quality and profitability.

Larnaca project sold to Russian investors

The land on which the Kimon Phinikoudes project in Larnaca is to be built together with its designs has been sold by the Lefkaritis family to a group of Russian investors for an undisclosed sum.

Cyprus drops in Top of the Props chart

Cyprus dropped to fifteenth place in last month’s Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.

China Glory deal for Venus Rock terminated

Aristo developers is reported to be in talks with two further potential investors for its Venus Rock development following the termination of its agreement with China Glory Investment Group.

Investment opportunities in Cyprus

In a question and answer session Dr George Mountis of Emergo Wealth discusses the opportunities for institutional investors who may be considering investing in the Cyprus real estate market.

Cyprus moves up in Top of the Props chart

Cyprus moved up one place in last month’s Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.

Standard & Poors & Fitch lifts ratings

Standard & Poors lifted its rating on Cyprus to B, while Fitch revised its outlook on the country to ‘stable’ saying that the economy “has proved more resilient than previously expected”.

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