Latest Headlines

All reports tagged with: "bank of Cyprus"

Bank plans property sales via website

The Bank of Cyprus will launch a website in the next couple of weeks where all the property it owns and wishes to sell will be advertised with a minimum price according to reports.

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.

Bank of Cyprus results analysis

There are some concerns highlighted in the Bank of Cyprus Group Financial results published a short time ago that suggest that the island’s largest bank is not out of the woods yet.

Hourican calls for change in the law

John Hourican has called for a change in the law concerning the collection and recovery of non-performing loans to assist the bank and help it return to normal operations and profitability.

Bank of Cyprus furious over leaked debtors list

The publication of an internal report by the Corporate Banking Division of the Bank of Cyprus dated 14th June 2013 listing details of the bank’s largest debtors has infuriated the bank.

Troika hears construction sector concerns

The troika has returned to Cyprus for its fourth review of the island’s economic adjustment programme and has spoken with the Federation of Building Contractors about the critical issues affecting the construction sector.

Possible ‘Development Bank’ to manage NPLs

The Bank of Cyprus Board of Directors is expected to decide today whether to establish a “development bank” to deal with the problems of non-performing loans according to state broadcaster CyBC.

Bank of Cyprus reviews restructuring plans

In an exclusive interview with Reuters, Bank of Cyprus CEO John Hourican said that the bank is reviewing its restructuring plans that could result in a “bad bank” for its troubled assets.

Evidence of improving banking sector stability

The Bank of Cyprus leadership believes there is evidence of improving stability in the Bank and generally in the banking sector and points out that it is fully committed to restoring the confidence of depositors and customers.

Pay up and shut up

Asked to comment on reports that thirty large borrowers were being put under pressure by the Bank of Cyprus to repay their debts, President Anastasiades said they have no option but to pay.

Back to top