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 5 hours ago - Updated 5 hours ago - 1 reports

Arrests over economy collapse by the end of the year

Cyprus could see arrests in connection with the collapse of the economy by the end of the year, it emerged on Tuesday, as President Nicos Anastasiades pledged that his government will show zero tolerance to cover-ups.Speaking after a briefing on the progress ... [Published Cyprus Mail - 5 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 2 reports

MeritKapital becomes a Broker and Clearing member firm of the Cyprus Stock Exchange

MeritKapital is very pleased to announce its admittance into the Cyprus Stock Exchange as a “Broker and Clearing member firm”. MK gained considerable local exposure this past year, as it acted as the first broker of Bank of Cyprus bailed in deposits and ... [Published Presskontakt.se - 7 hours ago]
First reported 22 hours ago - Updated 20 hours ago - 2 reports

BoC expects to re-list in October

BANK OF Cyprus (BoC) said on Monday it expected its shares to re-list on the Cypriot and Athens stock exchanges by the end of October. Shares of the bank were suspended from trading in March 2013, caught up in the tumult of an international bailout for ... [Published Wall Street Business Network - 20 hours ago]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Share Capital Increase: Filing of Court Approval with the Department of the Registrar of Companies and Official Receiver

Nicosia, 01 September 2014This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which ... [Published Noodls - Sep 01 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

Deadline looms for Cyprus vote on crucial foreclosures bill

Nicosia (AFP) - International lenders will withhold the next payment in Cyprus's 10 billion euros bailout unless parliament this week passes a crucial law speeding up foreclosures of non-performing bank loans (NPLs).Around 45 percent of loans by Cyprus ... [Published Yahoo! News - Aug 31 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

Clampdown on banks’ unfair practices can’t come soon enough

I refer to your article about the resolution on insolvency. I was amazed to read that all financial institutions in Cyprus have been exempted from complying with  unfair terms clauses – an exemption to EU directives gained by Cyprus when it was negotiating ... [Published Cyprus Mail - Aug 31 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

Economy’s future in parliament’s hands

By George MarkidesLast Thursday, Bank of Cyprus shareholders approved the lender’s much needed capital increase with an overwhelming majority of over 87 per cent. The bank may now pass the ongoing European Central Bank stress tests, or will it?The ball ... [Published Cyprus Mail - Aug 31 2014]
First reported Aug 28 2014 - Updated Aug 29 2014 - 2 reports

BANK OF CYPRUS PUBLIC : Share Capital Increase: Court Order approving the Nominal Value Reduction

AnnouncementShare Capital Increase: Court Order approving the Nominal ValueReductionNicosia, 29 August 2014NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPANThis announcement shall not constitute an offer to sell or a ... [Published 4 Traders - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 29 2014 - 5 reports

Our View: Good sense finally won the day at BoC

IN THE END, fears that the one billion euro capital issue by the Bank of Cyprus would not be approved by the EGM proved unfounded. Yesterday’s vote was not even close, with 87 per cent of shareholders present backing the issue and paving the way for the ... [Published Cyprus Mail - Aug 29 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 9 reports

Bank of Cyprus shareholders approve share issue

Bank of Cyprus shareholders have approved plans for a €1 billion share issue.The share issue was designed to bolster the bank's balance sheet ahead of EU wide stress tests in the next few months.The tests will determine which banks need more capital to ... [Published RTE Online - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 2 reports

H1 RESULTS: Bank of Cyprus profits slightly up in Q2 at €50m

Bank of Cyprus seems to have returned to a gradual path of recovery with a second successive quarter of profits, as total after tax for H1 stood at €81 mln. Following seven consecutive quarters of devastating losses, a ... ... [Published Crawford Financial Planning - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 2 reports

Troubled Bank of Cyprus posts 50 mn euros Q2 profit

Nicosia (AFP) - Troubled Bank of Cyprus, the island's largest lender, said Wednesday it made 50 million euros ($66 million) net profit in the second quarter, its second successive quarterly gain after seven straight losses.For the six months ending in ... [Published Yahoo! News - Aug 27 2014]

Quotes

"Moody's notes that even though the restructuring process of the banking sector is under way, the actions that the authorities and the troika have identified to lower the high NPL levels have not yet been fully implemented" it said
'There's no certainty we can give that we will pass the tests,' Hourican told Reuters. "All we can say is that at least we are well placed heading into the stress tests. We don't know the results."
"It also enables us to accelerate the implementation of the bank's restructuring plan. We remain committed to supporting the Cypriot economic recovery, serving our customers and delivering value for our shareholders" he added
Dr Christis Hassapis, Chairman of Board of Directors of Bank of Cyprus Group, commented: "The approval of the share capital increase by our shareholders, is an extremely positive event for our Bank and also for the stability of the broader banking system. It comes at an opportune time when conditions in international debt markets are still favourable and ahead of regulatory stress tests. The capital increase will strengthen the bank and allow it to continue with the restructuring of its balance sheet, the deleveraging of its loan book and the repositioning of its operations with a primary focus on the domestic economy."

More Content

All (283) | News (253) | Reports (0) | Blogs (25) | Audio/Video (0) | Fact Sheets (4) | Press Releases (1)
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Arrests over economy collapse by the end of the... [Published Cyprus Mail - 5 hours ago]
MeritKapital becomes a Broker and Clearing memb... [Published Presskontakt.se - 7 hours ago]
MeritKapital becomes a Broker and Clearing memb... [Published GlobeNewswire: Acquisitions News - 7 hours ago]
Bank of Cyprus Public : MeritKapital becomes a ... [Published 4 Traders - 7 hours ago]
BoC expects to re-list in October [Published Wall Street Business Network - 20 hours ago]
BoC expects to re-list in October [Published Cyprus Mail - 22 hours ago]
Share Capital Increase: Filing of Court Approva... [Published Noodls - Sep 01 2014]
CYPRUS: Is Hellenic Bank CEO being pushed out? [Published Financial Mirror - Sep 01 2014]
CYPRUS: H1 losses double at Hellenic Bank, Roth... [Published Financial Mirror - Sep 01 2014]
Deadline looms for foreclosure vote in Cyprus [Published Qatar Peninsula - Aug 31 2014]
Deadline looms for Cyprus vote on crucial forec... [Published Yahoo! News - Aug 31 2014]
Dangerous advice from a spiritual father [Published Cyprus Mail - Aug 31 2014]
Clampdown on banks’ unfair practices can’t come... [Published Cyprus Mail - Aug 31 2014]
Economy’s future in parliament’s hands [Published Cyprus Mail - Aug 31 2014]
Hellenic Bank posts €95.5 million first-half lo... [Published Cyprus Mail - Aug 29 2014]
BANK OF CYPRUS PUBLIC : Financial Report for th... [Published 4 Traders - Aug 29 2014]
BANK OF CYPRUS PUBLIC : Share Capital Increase:... [Published 4 Traders - Aug 29 2014]
AFP - Fbl-JPN-racism lead [Published Namibia Press Agency - Aug 29 2014]
Our View: Good sense finally won the day at BoC [Published Crawford Financial Planning - Aug 29 2014]
Cyprus bank share issue is approved [Published Gulf Daily News - Aug 29 2014]
Our View: Good sense finally won the day at BoC [Published Cyprus Mail - Aug 29 2014]
CYPRUS: BOCY shareholders OK €1b cap increase [Published TVNewsCheck - Aug 29 2014]
Bank of Cyprus shareholders endorse issue of ne... [Published Individual.com - Aug 28 2014]
Interest in CIF licenses grows whilst FX broker... [Published LeapRate - Aug 28 2014]
Equity capital markets, news in brief — August ... [Published GlobalCapital - Aug 28 2014]
Shareholders approve Bank of Cyprus 1 bn euro i... [Published XinMsn - Aug 28 2014]
Bank of Cyprus shareholders approve share issue [Published RTE Online - Aug 28 2014]
CYPRUS: BOCY shareholders OK €1b cap increase [Published Financial Mirror - Aug 28 2014]
RESOLUTIONS OF THE SHAREHOLDERS’ EXTRAORDINARY ... [Published Noodls - Aug 28 2014]
Bank of Cyprus shareholders approve €1bn rights [Published GlobalCapital - Aug 28 2014]
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Blogs

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Bank of Cyprus shareholders approve 1 billion e... [Published ekathimerini.com Latest News - Aug 28 2014]
Shareholders of Bank of Cyprus, which recapitalized by seizing clients' deposits in 2013, on Thursday approved plans for a 1 billion euro capital issue ahead of EU-wide stress tests later this year.The European Bank for Reconstruction and Development, ...
Bank of Cyprus sells Romanian hotel stake [Published ekathimerini.com Latest News - Aug 20 2014]
Troubled Bank of Cyprus, the island’s largest lender, said on Wednesday it has agreed to sell its stake in Romania’s Marriott Bucharest Grand Hotel to an Austrian firm for 95 million euros.The bailed-in bank said the proceeds will enhance its liquidi ...
Bank of Cyprus completes capital increase [Published ekathimerini.com Latest News - Aug 06 2014]
Bank of Cyprus, the island’s largest lender, has completed a 1 billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.BoC announced late Monday the successful placement of ...
US billionaire eyes 'significant' portion of 1 ... [Published ekathimerini.com Latest News - Jul 30 2014]
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 ...
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Press Releases

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MeritKapital becomes a Broker and Clearing memb... [Published GlobeNewswire: Acquisitions News - 7 hours ago]
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