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 3 hours ago - Updated 3 hours ago - 1 reports

Lenders up pressure on Cyprus to call in bad loans

International lenders put new pressure on Cyprus politicians Friday to agree delayed legislation on foreclosure procedures for bad loans in the latest review of compliance over a multi-billion debt bailout.Legislation for the calling-in of non-performing ... [Published Yahoo! UK and Ireland - 3 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Taking legal action

Former Bank of Cyprus shareholders will decide during a general assembly on Monday whether they will move forward with mass lawsuits to restore their rights, their association said on Wednesday.Speaking at a press conference to present a study on shareholders’ ... [Published The Cyprus Weekly - 17 hours ago]
First reported Jul 24 2014 - Updated Jul 24 2014 - 2 reports

Russian BoC shareholders organise to protect their rights

By George Psyllides Russian minority shareholders in the Bank of Cyprus are unhappy with the terms of a €1.0 billion capital increase, suggesting that their rights have been violated and charging that the board was exclusively serving the interests of ... [Published Street Sweeper - Jul 24 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Old BoC shareholders plan to sue resolution authority

By Angelos AnastasiouTHE association of Bank of Cyprus’ old shareholders, who were wiped out during the bank’s recapitalisation through the conversion of uninsured deposits in March 2013, yesterday announced their intention to seek appropriate compensation ... [Published Cyprus Mail - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Another blow for Bank of Cyprus depositors?

* Opportunity of receiving a lump sum outside of Cyprus will soon be gone *By Ben RosenbergerPartner, Exito Capital InternationalIn line with our previous analysis, Bank of Cyprus has decided to go ahead with a capital increase of up to EUR 1 bln. The ... [Published Financial Mirror - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

Why a Single Bail-In For a Country Few Can Find On a Globe Matters to EVERYONE

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 was a ... [Published Zero Hedge - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Cabinet approves evidence database funds

The cabinet on Wednesday authorised the release of €663,000 for the next two years to cover the cost of creating a database that will assist investigators looking into the collapse of the economy.The evidence database and review platform had been requested ... [Published Cyprus Mail - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Cypriot firm launches legal action against EU over 'bail-in'

Cypriot firm Dr K Chrysotomides & Co has filed a lawsuit against the EU on behalf of 51 claimants seeking compensation for losses suffered when Cyprus agreed to a ‘bail-in’ on two Cypriot banks.The case, filed before the General Court of the EU against ... [Published The Lawyer - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Greek investors sue Cyprus gov't for €50 mln

* Cyprus accused of confiscating funds following 2013 bailout *The government could be facing a lawsuit with a claim for “at least” 50 mln euros from Greek investors who lost their deposits and holdings as a result of the country’s financial crisis and ... [Published Financial Mirror - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Bank of Cyprus eyes post-crisis bond sale

Cyprus’s biggest bank is arranging a €1bn share issue and is also considering a senior unsecured bond, although a final decision has not been made on whether to issue one, according to a person familiar with the situation ... [Published FT.com - Financials - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 22 2014 - 2 reports

'Final stand'

The socially explosive repossessions bill is expected to top the agenda of crucial talks between Finance minister Harris Georgiades and the Troika, who demand decisive action on bad loans.According to Cyprus Daily sources, the Troika is driving a hard ... [Published The Cyprus Weekly - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 1 reports

Why Bank of Cyprus needs additional capital

``The decision to create a bad bank was never adopted by the BoC's current board of directors. There were rumours circulating in the press that some BoD members bowed to pressure from real estate developers.'' ... [Published HF Implode - Jul 21 2014]

Quotes

"Reversing the rising trend of non-performing loans is critical to restoring credit, economic growth, and the creation of jobs" the lenders said
The Troika report on the fifth review added that "the authorities have continued to meet the fiscal targets with significant margin in the first half of the year, as a result of prudent budget execution. In the financial sector, banks are advancing with their restructuring plans and capital raising while supervisory monitoring of their actions and operational capacity to address NPLs has been enhanced."
"FBME solicits and is recognised by its high-risk customers for its ease of use" FinCEN said in its report
"`The decision to create a bad bank was never adopted by the BoC's current board of directors. There were rumours circulating in the press that some BoD members bowed to pressure from real estate developers.""

More Content

All (242) | News (213) | Reports (0) | Blogs (24) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
sort by: Date | Relevance
Lenders up pressure on Cyprus to call in bad loans [Published Yahoo! UK and Ireland - 3 hours ago]
CYPRUS: Troika ends mission, waits for reposses... [Published HispanicBusiness.com - 8 hours ago]
Taking legal action [Published The Cyprus Weekly - 17 hours ago]
Russian BoC shareholders organise to protect th... [Published Street Sweeper - Jul 24 2014]
Russian BoC shareholders organise to protect th... [Published Cyprus Mail - Jul 24 2014]
Old BoC shareholders plan to sue resolution aut... [Published Cyprus Mail - Jul 24 2014]
Another blow for Bank of Cyprus depositors? [Published Financial Mirror - Jul 23 2014]
Why a Single Bail-In For a Country Few Can Find... [Published Zero Hedge - Jul 23 2014]
Why a Single Bail-In For a Country Few Can Find... [Published Zero Hedge - Jul 23 2014]
Cabinet approves evidence database funds [Published Cyprus Mail - Jul 23 2014]
Cypriot firm launches legal action against EU o... [Published The Lawyer - Jul 23 2014]
Customers panic as FBME Cyprus under central ba... [Published Financial Mirror - Jul 23 2014]
Greek investors sue Cyprus gov't for €50 mln [Published Financial Mirror - Jul 23 2014]
Overnight Futures Levitation Mode Engaged But S... [Published Zero Hedge - Jul 23 2014]
Overnight Futures Levitation Mode Engaged But S... [Published Zero Hedge - Jul 23 2014]
Bank of Cyprus eyes post-crisis bond sale [Published FT.com - Financials - Jul 22 2014]
Laiki appeals to ICSID [Published Cyprus Mail - Jul 22 2014]
'Final stand' [Published The Cyprus Weekly - Jul 22 2014]
BoC open for new share offers within days [Published Cyprus Mail - Jul 22 2014]
Aristo dispute over Paphos land boundaries [Published Cyprus Mail - Jul 22 2014]
Why Bank of Cyprus needs additional capital [Published HF Implode - Jul 21 2014]
Cyprus Canvasses Draghi on Debt Swap to Ease Ba... [Published Hellenic Shipping News Worldwide - Jul 21 2014]
Troika driving a hard bargain [Published The Cyprus Weekly - Jul 21 2014]
Orphanides is guilty of very little [Published Cyprus Mail - Jul 20 2014]
Bank of Cyprus Public : Why Bank of Cyprus need... [Published 4 Traders - Jul 20 2014]
Laiki bondholders say they’ve been duped, again [Published Cyprus Mail - Jul 18 2014]
Daily Press Summary [Published Open Europe - Jul 18 2014]
Crisis: Cyprus' lenders continue fifth program ... [Published Ansamed - Jul 18 2014]
ECB to help Cypriot banking system [Published CNC World - Jul 18 2014]
Greek investors file notice of lawsuit against ... [Published The Global Legal Post - Jul 17 2014]
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Blogs

sort by: Date | Relevance
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 ...
Overnight Futures Levitation Mode Engaged But S... [Published Zero Hedge - Jul 23 2014]
For all the talk of how stellar this earnings season has been so far (mostly for the financials if only relative to crushed expectations, and all in non-GAAP terms of course), some of the biggest bellwethers had nothing to write home about yesterday ...
Bank of Cyprus customer selling up stakes [Published ekathimerini.com Latest News - Jul 14 2014]
Some of the Bank of Cyprus customers whose deposits were seized as part of an extraordinary move to rescue the island from financial collapse are selling stakes in the bank at a discount, the Financial Times reported on Monday. [Reuters]... ... ...
Frontrunning: July 14 [Published Zero Hedge - Jul 14 2014]
Secret Path Revealed for Chinese Billions Overseas ( BBG ) Traders Flood U.S. With $3.4 Trillion of Bond-Auction Demand ( BBG ) Just in time to cover bad earnings in a massive $3.8 billion "one-time charge": Citi says to pay $7 billion to settle securities ...
Wasn't The EU Crisis Solved? [Published Zero Hedge - Jul 11 2014]
The markets continue to operate based on total delusion regarding to Europe.   We’ve been told dozens of times that the EU Crisis was solved in 2012. This is the theme that has been pounded out first by the political elite and then by the mainstream ...
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