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 18 hours ago - Updated 18 hours ago - 1 reports

Romania’s largest lender tries to sell EUR 433 mln worth of bad loans

Romania’s largest lender by assets BCR plans to sell a non-performing corporate loan package worth some EUR 433 million, and has mandated PwC to find buyers, according to CoStar Finance, quoted by Ziarul Financiar. Over 80% of the loans’ value is covered ... [Published Romania Business Insider - 18 hours ago]
First reported Oct 23 2014 - Updated 22 hours ago - 1 reports

Cypriot banks notified about ECB stress test results

Cypriot banks were notified on Thursday about the results of stress tests conducted for 130 European Union lenders, Central Bank of Cyprus sources said in Nicosia. The sources were tied lipped about the results but said they were confident that no unpleasant ... [Published Individual.com - Oct 23 2014]
First reported Oct 22 2014 - Updated Oct 23 2014 - 1 reports

Cyprus dismisses Spanish news report about failing Cypriot bank

Cyprus on Wednesday dismissed a Spanish news wire's report about a failing Cypriot bank.A spokesman of the Central Bank of Cyprus (CBC) was quoted by state radio as saying that the report was mere speculation.Authoritative CBC sources who spoke on condition ... [Published China.org.cn - Oct 22 2014]
Entities: Cyprus, Bank, Dismissal
First reported Oct 23 2014 - Updated Oct 23 2014 - 1 reports

Banks receive final ECB verdict on finances

By George PsyllidesTHE eurozone’s 130 biggest banks, which include four Cyprus-based banks, received the European Central Bank’ s final verdict on their finances on Thursday after a review aimed at drawing a line under persistent doubts about the health ... [Published Cyprus Mail - Oct 23 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 1 reports

MARKETS: Wilbur Ross to seek $1-2 bln for new fund

* WL Ross “coming to market amid historically low interest rates”WL Ross & Co., run by 76-year-old turnaround financier and incoming Bank of Cyprus boss Wilbur Ross, is seeking $1 bln to $2 bln for its next private-equity fund, according to news repo ... [Published Financial Mirror - Oct 22 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 1 reports

CYPRUS: BoC reduces dependence on ELA

The Bank of Cyprus reduced in September its dependence on the Emergency Liquidity Assistance (ELA) by one billion euro, dropping to 7,68 billion from 8,68 billion in August.According to data published on Tuesday by the Central Bank of Cyprus, this reduction ... [Published Financial Mirror - Oct 22 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 1 reports

Our View: A reminder of how the powers-that-be always choose the easy way out

EVERY few months, the issue of the €9 billion ELA (emergency liquidity assistance) drawn by Laiki Bank and passed on to the Bank of Cyprus, slips into the news. Politicians will make a little fuss, radio shows will invite a couple of guests to give their ... [Published Cyprus Mail - Oct 22 2014]
First reported Oct 22 2014 - Updated Oct 22 2014 - 1 reports

‘Don’t take word of foreign press’

By George PsyllidesCentral Bank (CBC) Governor Chrystalla Georghadji told MPs not to adopt foreign media reports regarding the emergency liquidity assistance (ELA) amassed by Laiki Bank before it collapsed last year.“We should not flagellate ourselves,” ... [Published Cyprus Mail - Oct 22 2014]
First reported Oct 21 2014 - Updated Oct 21 2014 - 1 reports

‘Problems can’t be solved through foreclosures alone’

By Angelos AnastasiouLowering taxes, imposing heavier penalties for tax evasion and renegotiating the terms of Cyprus’ economic adjustment programme were some of the measures proposed by a University of Nicosia study on tackling the issue of non-performing ... [Published Cyprus Mail - Oct 21 2014]
First reported Oct 21 2014 - Updated Oct 21 2014 - 1 reports

CBC Liquidity in real economy after the stress tests

The Governor of the Central Bank of Cyprus (CBC) Chrystalla Georghadji has expressed optimism as regards the European Central Bank`s stress tests on the Cypriot banks and said that after the conclusion of the stress tests, commercial banks could begin ... [Published Financial Mirror - Oct 21 2014]
First reported Oct 21 2014 - Updated Oct 21 2014 - 1 reports

Banks will soon start lending says CBC governor

By George PsyllidesBanks will start lending after the Europe-wide stress tests, Central Bank (CBC) Governor Chrystalla Georghadji said on Tuesday, suggesting that the results were expected to be manageable.Speaking before the House Ethics Committee, Georghadji ... [Published Cyprus Mail - Oct 21 2014]
First reported Oct 21 2014 - Updated Oct 21 2014 - 1 reports

Annual giving to charity with Radiomarathon

By Evie AndreouTHE ANNUAL Radiomarathon which collects funds for children with special needs, kicked off on Monday with fund-raising walks in all towns, piggy bank cars and kiosks at major traffic junctions.Like other years, the 25th Radiomarathon, with ... [Published Cyprus Mail - Oct 21 2014]

Quotes

"This is the one chance that the ECB gets to once and for all step out of the shadow of all the national regulators and really claim its own independence" said Jacob Funk Kirkegaard, a senior fellow at the Peterson Institute in Washington D C
...12 per cent equity stake in Bank of Cyprus by joining a capital raise in the lender, the Bank has announced its readiness for further investments: "We are open to provide support to other banks if it is needed, and if there is a role for EBRD" , the Bank's Head of Office, Libor Krkoska , said in a wide-ranging interview with the Cyprus News Agency , which was also widely covered by other local...
...The paper reports Mr Weidmann as saying: "It was not the governing council's job to keep afloat banks that were awaiting recapitalization and were not currently solvent"
"The Russian shareholders were particularly unhappy. They expressed concerns about the impact of dilutive capital, and some are now looking for alternative solutions" - said the banker from Nicosia

More Content

All (198) | News (165) | Reports (0) | Blogs (28) | Audio/Video (0) | Fact Sheets (4) | Press Releases (1)
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Bulgarian Stalemate [Published Forbes.com - 2 hours ago]
CYPRUS: “Lower tax rates to increase revenues” [Published Financial Mirror - 10 hours ago]
Romania’s largest lender tries to sell EUR 433 ... [Published Romania Business Insider - 18 hours ago]
Cypriot banks notified about ECB stress test re... [Published Individual.com - Oct 23 2014]
Banks receive final ECB verdict on finances [Published Cyprus Mail - Oct 23 2014]
PREVIEW-Europe's banks face moment of truth fro... [Published CNBC - Oct 23 2014]
30 companies owe €100m in VAT [Published Cyprus Mail - Oct 23 2014]
Cyprus dismisses Spanish news report about fail... [Published China.org.cn - Oct 22 2014]
MARKETS: Wilbur Ross to seek $1-2 bln for new fund [Published Financial Mirror - Oct 22 2014]
CYPRUS: BoC reduces dependence on ELA [Published Financial Mirror - Oct 22 2014]
Our View: A reminder of how the powers-that-be ... [Published Cyprus Mail - Oct 22 2014]
‘Don’t take word of foreign press’ [Published Cyprus Mail - Oct 22 2014]
Not in my remit says AG and declines to appear ... [Published Cyprus Mail - Oct 21 2014]
‘Problems can’t be solved through foreclosures ... [Published Cyprus Mail - Oct 21 2014]
CBC Liquidity in real economy after the stress ... [Published Financial Mirror - Oct 21 2014]
Banks will soon start lending says CBC governor [Published Cyprus Mail - Oct 21 2014]
Annual giving to charity with Radiomarathon [Published Cyprus Mail - Oct 21 2014]
BANK OF CYPRUS PUBLIC : EBRD Ready for Action i... [Published 4 Traders - Oct 21 2014]
New York Times: Demetriades inflated Laiki need... [Published Cyprus Mail - Oct 18 2014]
ECB's rows over help for Cyprus Bank [Published BBC - Oct 17 2014]
EBRD sets out plans for €600 mln investments in... [Published Financial Mirror - Oct 17 2014]
EBRD ready to provide equity to Cypriot banks i... [Published Cyprus Mail - Oct 16 2014]
WILD WEST: Paphos Mayor in court over SMS threa... [Published Financial Mirror - Oct 16 2014]
BoC refutes Aqua Sol claims it blocked receiver [Published Cyprus Mail - Oct 16 2014]
Bank Of Cyprus Shareholders To Sell Shares At A... [Published Press Release Ping - Oct 16 2014]
NPL ratio rises with ‘stress test’ decision pen... [Published Cyprus Mail - Oct 15 2014]
Aqua Sol hotel group under receivership [Published Cyprus Mail - Oct 14 2014]
MPs to continue debate on haircut of provident ... [Published Cyprus Mail - Oct 13 2014]
BoC board member announces resignation [Published Cyprus Mail - Oct 13 2014]
Bank of Cyprus Public : Resignation of Board Me... [Published 4 Traders - Oct 13 2014]
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Blogs

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Frontrunning: October 7 [Published Zero Hedge - Oct 07 2014]
Liberian Rubber Farm Becomes Sanctuary Against Ebola ( WSJ ) The World’s Most Powerful Central Banker: Janet Who? ( BBG ) Islamic State moves into south west of Syrian Kurdish town ( Reuters ) Waldorf to Be Biggest Chinese Property Purchase in U.S. ( ...
Ackermann nominated as Bank of Cyprus chairman [Published ekathimerini.com Latest News - Oct 06 2014]
Former Deutsche Bank CEO Josef Ackermann has been nominated as chairman of Bank of Cyprus, its US-based investors Wilbur Ross and Tyrus Capital said on Monday.Ackermann’s nomination will be put to an annual general meeting on November 20, along with a ...
EBRD eyeing fresh deals in Cyprus banking sector [Published ekathimerini.com Latest News - Oct 01 2014]
The European Bank for Reconstruction and Development is already eyeing fresh deals in Cyprus’s banking sector and is planning to install at least one independent director on the board of its first investment in the country, Bank of Cyprus.Speaking at ...
Bank of Cyprus to sell UK loan portfolio [Published ekathimerini.com Latest News - Sep 19 2014]
Bank of Cyprus has agreed to sell a UK loan portfolio to Mars Capital Finance and Camael Mortgages for 361 million euros, it said on Thursday.The loan portfolio is largely composed of residential and commercial real estate-backed facilities, Bank of Cypr... ...
Bank of Cyprus sells UK loan portfolio [Published ekathimerini.com Latest News - Sep 18 2014]
Cypriot lender Bank of Cyprus has agreed to sell a UK loan portfolio to Mars Capital Finance and Camael Mortgages for 361 million euros ($465 million), it said on Thursday.The loan portfolio is largely composed of residential and commercial real estate-b... ...
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Press Releases

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MeritKapital becomes a Broker and Clearing memb... [Published GlobeNewswire: Acquisitions News - Sep 02 2014]
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