Bank of Cyprus Public Co Ltd

Type: Company
Name: Bank of Cyprus Public Co Ltd (Bank of Cyprus Ltd)
Nationality: Cyprus
Fact Sheet: Fact Sheet for Bank of Cyprus Ltd.
First reported 17 hours ago - Updated 27 mins ago - 2 reports

Bank of Cyprus releases twelve-month time deposits of €927 mn-

The Bank of announced on Wednesday that it releases the twelve-month time deposits of about €927 mn, that were blocked as per the decrees relating to the recapitalisation of the Bank in July 2013 and mature on 31 July 2014.In a press release the Bank ... [Published Balkans.com - 6 hours ago]
First reported 12 hours ago - Updated 49 mins ago - 2 reports

Private equity major Wilbur Ross to buy shares in Bank of Cyprus

US private equity expert Wilbur Ross has reportedly agreed to buy shares in the Bank of Cyprus as part of an estimated €1bn deal.Ross is said to be leading a group that plans to invest €400m in the bank via a private placement, according to a source cited ... [Published AltAssets.net - 49 mins ago]
First reported Jul 29 2014 - Updated 16 hours ago - 2 reports

US billionaire eyes 'significant' portion of 1 bln euros of new shares from Bank of Cyprus

US billionaire Wilbur Ross said on Tuesday that he will take a “significant” portion of the 1 billion euros worth of new shares being sold by Bank of Cyprus but that the complexities of the deal make it impossible to say how much at this point.Bank of ... [Published ekathimerini.com Latest News - 16 hours ago]
First reported 20 hours ago - Updated 18 hours ago - 2 reports

RATES: Bank of Cyprus cuts interest on loans by 25bps

Bank of Cyprus announced Wednesday that it will reduce all debit interest base rates from August 4 by 0.25 percentage points, as follows:Base rates from 5.25% to 5.00%;Base rates for housing loans from 3.50% to 3.25%;Base rates for business loans from ... [Published HispanicBusiness.com - 18 hours ago]
First reported Jul 29 2014 - Updated 22 hours ago - 2 reports

Wilbur Ross leads €1bn Bank of Cyprus investment

The beleaguered Bank of Cyprus has closed a €1bn funding round led by US private equity firm WL Ross.The investment vehicle of billionaire Wilbur Ross is said to have contributed around €400m of the proceeds, with the European Bank for Reconstruction ... [Published Real Deals Magazine - 22 hours ago]
First reported Jul 29 2014 - Updated 22 hours ago - 4 reports

BONDS: Bank of Cyprus to issue €1bn in September

The ink had hardly dried on a deal that will see Bank of Cyprus get a €1 bln capital increase, mainly from foreign investors, and the bank’s CEO announced that the island’s biggest lender will issue €1 bln in bonds some time in September.This follows ... [Published Financial Mirror - 22 hours ago]
First reported Jul 29 2014 - Updated Jul 30 2014 - 3 reports

A ‘turn the page moment’ for BoC

By Elias HazouOUT with the old, in with the new: the €1bn capital increase at Bank of Cyprus (BoC) has shaken up the shareholder base of the island’s largest lender, which has slipped into foreign hands after more than a century as the Cypriot bank par ... [Published Cyprus Mail - Jul 30 2014]
First reported Jul 29 2014 - Updated Jul 30 2014 - 5 reports

Bank of Cyprus completes $1bn private share placement

NICOSIA: Bank of Cyprus, the island’s largest lender, has completed a €1bn ($1.34bn) capital increase in a private placement to help it restructure following a haircut on deposits last year.BoC said the successful placement of 4.2 billion new ordinary ... [Published Qatar Peninsula - Jul 30 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 3 reports

Ross to take 'significant' part of Bank of Cyprus's 1 billion-euro share sale (Reuters)

Reuters Billionaire U.S. investor Wilbur Ross poses for a photo after an interview with Reuters on the sidelines of a conference at a hotel in Singapore September 25, 2012. REUTERS/Tim ChongBy Laura NoonanLONDON (Reuters) - U.S. billionaire Wilbur ... [Published Yahoo! News Australia - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 6 reports

Cyprus archbishop warns on bank share sale

Archbishop of Cyprus urges thousands of small shareholders to reject a planned €1bn share sale by Bank of Cyprus ... [Published FT.com - International economy - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 3 reports

Wilbur Ross on investing in Bank of Cyprus

WL Ross & Co. CEO Wilbur Ross on his leading investment into Bank of Cyprus. ... [Published FOX Business - Video - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 2 reports

Incensed pre-bail-in BoC shareholders file law suit

By Angelos Anastasiou THE BANK of Cyprus' (BoC) old shareholders association will oppose the lender's upcoming €1 billion capital issue and file a class-action law suit against the bank and other authorities, it announced on Monday.... ... [Published Wall Street Business Network - Jul 29 2014]

Quotes

"The bank needed a 'turn the page moment'," Hourican told Reuters. "This is the hardest thing we needed to do to put the company back on its footing for recovery."
"We're not 100 percent sure of how many shares any of us will end up buying" Ross told Reuters in a telephone interview, agreeing that his own stake would be "sigificant"
That, at the time, was cited as a major reason why Cyprus wasn't going to get a bailout. "A secret German intelligence report reveals that the main beneficiaries of the aid would be rich Russians who have invested illegal money there" the German weekly Der Spiegel wrote in November, 2012. "It's a big dilemma for Chancellor Angela Merkel."
"Shares were allocated to a broad range of institutional investors from Europe, North America and Russia, including a number of international investors introduced by WL Ross & Co LLC and the European Bank for Reconstruction and Development" BoC said

More Content

All (319) | News (288) | Reports (0) | Blogs (26) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
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CYPRUS: IMF asks for additional fiscal measures... [Published Financial Mirror - 27 mins ago]
CYPRUS: BoC releases €927 mn twelve-month time ... [Published Financial Mirror - 27 mins ago]
Private equity major Wilbur Ross to buy shares ... [Published AltAssets.net - 49 mins ago]
PEA closure [Published The Cyprus Weekly - 2 hours ago]
Sidley Austin and Linklaters lead on Bank of Cy... [Published Legal Business - 3 hours ago]
Bondholders seeking out-of-court settlement [Published Cyprus Mail - 5 hours ago]
IMF: if bill not passed, Troika will come back [Published Cyprus Mail - 5 hours ago]
Bank of Cyprus releases twelve-month time depos... [Published Balkans.com - 6 hours ago]
Wilbur Ross Invests in Bank of Cyprus and Europe [Published InsiderMonkey.com - 12 hours ago]
US billionaire eyes 'significant' portion of 1 ... [Published ekathimerini.com Latest News - 16 hours ago]
Cyprus Editorial: Yet another “new era” dawns f... [Published Financial Mirror - 17 hours ago]
Back To Bad Bank Bailouts [Published Market Oracle - 17 hours ago]
Bank of Cyprus frees deposits worth €927 million [Published Cyprus Mail - 17 hours ago]
RATES: Bank of Cyprus cuts interest on loans by... [Published HispanicBusiness.com - 18 hours ago]
XINHUA - Urgent: Israeli airstrike kills 8 in Gaza [Published Namibia Press Agency - 19 hours ago]
Cyprus: 2014 Article IV Consultation Concluding... [Published IMF - 20 hours ago]
BoC to cut interest rates [Published Cyprus Mail - 20 hours ago]
General index remains weak with low transaction... [Published Capital.gr - 22 hours ago]
AFP - Singapore-aviation-airline-company-earnin... [Published Namibia Press Agency - 22 hours ago]
Wilbur Ross leads €1bn Bank of Cyprus investment [Published Real Deals Magazine - 22 hours ago]
BONDS: Bank of Cyprus to issue €1bn in September [Published Financial Mirror - 22 hours ago]
Crisis: EBRD to invest up to 120 mln euro in Ba... [Published Ansamed - Jul 30 2014]
A 'turn the page moment' for BoC [Published Industrial Info Financials - Jul 30 2014]
Global Ports Inv : EGM Results [Published Investegate - Jul 30 2014]
Return of the bank [Published The Cyprus Weekly - Jul 30 2014]
Our View: A big step on the road to recovery [Published Cyprus Mail - Jul 30 2014]
A ‘turn the page moment’ for BoC [Published Cyprus Mail - Jul 30 2014]
The Punt: Ghana pay-off for investor Michael Ha... [Published Irish Independent - Jul 30 2014]
CYPRUS: 'Duped' BOCY shareholders to sue [Published Industrial Info Financials - Jul 30 2014]
1st LD Writethru: U.S. crude price drops ahead ... [Published Namibia Press Agency - Jul 30 2014]
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sort by: Date | Relevance
US billionaire eyes 'significant' portion of 1 ... [Published ekathimerini.com Latest News - 16 hours ago]
US billionaire Wilbur Ross said on Tuesday that he will take a “significant” portion of the 1 billion euros worth of new shares being sold by Bank of Cyprus but that the complexities of the deal make it impossible to say how much at this point.Bank of ...
BoC eyes bond sale after raising 1 bln euros [Published ekathimerini.com Latest News - Jul 29 2014]
LONDON/NICOSIA – Bank of Cyprus, which has just raised 1 billion euros from investors, plans to sell up to 1 billion euros in bonds in September, chief executive John Hourican said, a move that would mark a rehabilitation of the eurozone’s first bank ...
Wilbur Ross on investing in Bank of Cyprus [Published FOX Business - Video - Jul 29 2014]
WL Ross & Co. CEO Wilbur Ross on his leading investment into Bank of Cyprus. ...
Frontrunning: July 29 [Published Zero Hedge - Jul 29 2014]
EU finalises Russian sanctions as BP warns of impact on business ( FT ) Geopolitical Risk Rises for Global Investors ( BBG ) Jaded Argentines brace for looming debt default ( Reuters ) In Argentina, Mix of Money and Politics Stirs Intrigue Around Kirchner ...
Why a Single Bail-In For a Country Few Can Find... [Published Zero Hedge - Jul 23 2014]
  The Cyprus bank bail-in committed of early 2013 may seem like small deal to most US investors.   After all, most Americans probably couldn’t even find Cyprus on a globe. And with the mainstream media spreading the narrative that the Cyprus bail-in ...
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