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Marfin Popular Bank PCL

Image source: Freebase

Type: Company

Name: Marfin Popular Bank PCL (Marfin Popular Bank Public Company Ltd)

Nationality: Cyprus

Fact Sheet: Fact Sheet for Marfin Popular Bank Public Compa...

First reported 6 hours ago - Updated 2 hours ago - 1 reports

Cyprus Will Lift Capital Controls ‘Gradually,’ Demetriades Says

Cyprus will "gradually" relax capital controls, including restrictions on deposit withdrawals, to avoid outflows from the country’s banking system, Central Bank of Cyprus Governor Panicos Demetriades said."Eliminating restrictions too abruptly can lead ... [Published BusinessWeek - 6 hours ago]

Entities: Cyprus, Bank of Cyprus Public Co Ltd, Marfin Popular Bank PCL, Paul Tugwell

First reported 7 hours ago - Updated 7 hours ago - 1 reports

International Monetary Fund

Troika technocrats focus talks on Cyprus banking sector

Technocrats from Cyprus’ international lenders (ECB, EC, IMF) and from the Central Bank of Cyprus continue discussions today in Nicosia, which focus on the consolidation of Cyprus’ banking sector.CNA has learnt that among the issues on the table are the ... [Published Financial Mirror - 7 hours ago]

Entities: Cyprus, Bank of Cyprus Public Co Ltd, International Monetary Fund, Cen Bk Cyprus, Marfin Popular Bank PCL

First reported May 21 2013 - Updated 10 hours ago - 1 reports

Piraeus Bank SA

Weird loans of €4bn from CPB Greece

Former Chairman of Cyprus Popular Bank, Michalis Sarris told the House Institutions Committee on Tuesday that the bank in Greece granted weird loans of €4 billion.According to Mr. Sarris, during his chairmanship in the Board of the bank, a special investigation ... [Published Stockwatch Cyprus - May 21 2013]

Entities: Greece, Marfin Popular Bank PCL, Piraeus Bank SA, Michalis Sarris, Bank of Cyprus Public Co Ltd

First reported 16 hours ago - Updated 16 hours ago - 1 reports

European Union

European Union Likely to ‘Bail In’ Large Depositors

, EUR 1,103.47 and GBP 938.15 per ounce. Yesterday’s AM fix was USD 1,429.75, EUR 1,102.52 and GBP 931.19 per ounce.Gold fell $11.90 or -0.82% yesterday to $1,431.40/oz and silver finished -0.8%.The European Union will today meet to discuss and move ... [Published International Business Times - 16 hours ago]

Entities: Bail, European Union, Michael Noonan, European Central Bank

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Marfin Popular Bank PCL

Ex-chiefs of Bank of Cyprus, Popular Bank say Piraeus deal was ‘bad’

The former presidents of Bank of Cyprus and of Cyprus Popular Bank (Laiki), Andreas Artemis and Andreas Filippou respectively, stated on Tuesday that they had not signed the agreement for the concession of the two lenders’ Greek branches to Piraeus Bank, ... [Published ekathimerini.com Latest News - May 21 2013]

Entities: Marfin Popular Bank PCL, Bank of Cyprus Public Co Ltd, Piraeus Bank SA

First reported May 20 2013 - Updated May 21 2013 - 2 reports

No new taxes

NICOSIA - President Anastasiades has said that in case new fiscal measures are needed no new taxes will be introduced, but there will be a better management of state expenses, adding that safeguarding the stability of the tax system is a fundamental priority ... [Published The Cyprus Weekly - May 21 2013]

Entities: Cyprus, Taxes, Memorandum of Understanding

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Bank of Cyprus Public Co Ltd

BOC’s restructuring must be a priority, top businessmen say

Author: Poly PantelidesTHE BANK of Cyprus’ survival must be secured so that the economy and the financial sector can have a future despite the gloomy forecasts, the chairman of the employers and industrialists federation (OEV) said yesterday.Speaking ... [Published Cyprus Mail - May 21 2013]

Entities: Cyprus, Nicos Anastasiades, Bank of Cyprus Public Co Ltd

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Piraeus Bank Posts First-Quarter Net Profit After Merger Deals

ATHENS--Piraeus Bank (TPEIR.AT), one of Greece's largest lenders, on Monday reported a first-quarter net profit of 3.62 billion euros ($4.64 billion), largely due to a one-off capital gain of EUR3.4 billion relating to a negative goodwill contribution ... [Published 4 Traders - May 20 2013]

Entities: Piraeus Bank SA, Banco Comercial Português SA, Net Profit, Mergers & Acquisitions

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Property sales drop off in Cyprus

(News Section: Cyprus)Property sales have reached record lows in Cyprus, thanks to current economic conditions. Figures from the Department of Landlords and Surveys showed that just 285 contracts of sales were deposited at the Land Registry in April - ... [Published PropertyShowrooms.com - May 20 2013]

Entities: Cyprus, Property, Larnaca (Cyprus), Marfin Popular Bank PCL, Bank of Cyprus Public Co Ltd

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Cyprus Economic Policy Council studies banking sector

The Economic Policy Council will convene May 31 to study the research carried out by a special group of the Council on the banking system of Cyprus.President of the Council, Nobel laureate Christoforos Pissarides said on Saturday that when the Council ... [Published Financial Mirror - May 20 2013]

Entities: Cyprus, Marfin Popular Bank PCL, CYPRUS BAILOUT

First reported May 17 2013 - Updated May 17 2013 - 1 reports

Breaking the deadlock – can Russia and Cyprus' business partnership survive the island's banking crisis?

Cyprus has long been a popular offshore haven for Russian investors. But will their strong business ties survive the island's banking crisis? Alexei Dudko and Andrew Gamble assesses the challenges aheadThe Cypriot banking crisis in March caused plenty ... [Published Legal Week - May 17 2013]

Entities: Cyprus, Marfin Popular Bank PCL, Russia

First reported May 15 2013 - Updated May 16 2013 - 3 reports

Where did the funds go?

By Stephen Grey and Douglas Busvine — WHEN the Cyprus bank run began earlier this year, Russians set much of the pace. Documents show that as the Mediterranean island headed towards financial meltdown in March, most notable among companies transferring ... [Published Oman Observer - May 15 2013]

Entities: Cyprus, Bank of Cyprus Public Co Ltd, Transfers, Industrial Holdings Inc

Quotes

...sector, including Bank of Cyprus, "is expected to lead to a resumption of confidence and a gradual stabilization of funding," Demetriades said. "As soon as the banking system is seen as having stabilized, confidence could return sooner, allowing for the earlier removal of controls and a faster recovery of economic activity."

Cyprus Will Lift Capital Controls ‘Gradually,’ Demetriades Says [Published BusinessWeek - 6 hours ago]

Conservative MP David Burrowes said: "I welcome the positive approach by the Minister and Government to address the ongoing concerns of our Cypriot constituents. I am pleased that the Government is showing that it is a true friend of Cyprus in these difficult times."

London ready to mitigate impact of Cyprus banking crisis on Laiki UK customers [Published Financial Mirror - May 21 2013]

"The capital enhancements programs of the country's four systemic banks, which are underway and will be concluded in the next few weeks, are milestones for the domestic banking sector and the economy in general" said Piraeus chairman Michalis Sallas

Piraeus Bank Posts First-Quarter Net Profit After Merger Deals [Published 4 Traders - May 20 2013]

"An independent Scotland would have an exceptionally large banking sector compared to the size of its economy - with banking assets of more than 1250 percent of Scottish [gross domestic product] - making it more vulnerable to financial shocks and the volatility of the sector" the Treasury report said on Monday

Who is RBS? Royal BS... or the Royal Bank of Scotland [Published Zero Hedge - May 20 2013]

More Content

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European Fixed Income Review for April [Published FTSE Global Markets - 55 mins ago]
Cyprus Will Lift Capital Controls ‘Gradually,’ ... [Published BusinessWeek - 6 hours ago]
Troika technocrats focus talks on Cyprus bankin... [Published Financial Mirror - 7 hours ago]
European Union Likely to ‘Bail In’ Large Deposi... [Published International Business Times - 16 hours ago]
Ex-chiefs of Bank of Cyprus, Popular Bank say P... [Published ekathimerini.com Latest News - May 21 2013]
London ready to mitigate impact of Cyprus banki... [Published Financial Mirror - May 21 2013]
Weird loans of €4bn from CPB Greece [Published Stockwatch Cyprus - May 21 2013]
No new taxes [Published The Cyprus Weekly - May 21 2013]
House was ‘coerced’ in Laiki rescue [Published Cyprus Mail - May 21 2013]
BOC’s restructuring must be a priority, top bus... [Published Cyprus Mail - May 21 2013]
Piraeus Bank Posts First-Quarter Net Profit Aft... [Published 4 Traders - May 20 2013]
Who is RBS? Royal BS... or the Royal Bank of Sc... [Published Zero Hedge - May 20 2013]
Who is RBS? Royal BS... or the Royal Bank of Sc... [Published Zero Hedge - May 20 2013]
Property sales drop off in Cyprus [Published PropertyShowrooms.com - May 20 2013]
Troika delegation visits Cyprus for financial s... [Published Financial Mirror - May 20 2013]
Scotland Risks Cyprus-Style Crisis: Report CNBC [Published Yahoo! Finance - May 20 2013]
Cyprus Economic Policy Council studies banking ... [Published Financial Mirror - May 20 2013]
Cyprus FM removes restrictions on financial tra... [Published Voice of Russia - May 18 2013]
Could Laiki really not have been saved? [Cyprus... [Published Equities.com - May 18 2013]
Top officials call to overhaul euro institutions [Published Stamford Advocate - May 17 2013]
Laiki talks [Published The Cyprus Weekly - May 17 2013]
Cypriot Bailout Program Faces ‘Unusually High’ ... [Published La Repubblica - May 17 2013]
New Bank CEO to be appointed soon, Bank of Cypr... [Published Financial Mirror - May 17 2013]
CBC announces Bank of Cyprus preliminary consol... [Published Financial Mirror - May 17 2013]
Breaking the deadlock – can Russia and Cyprus' ... [Published Legal Week - May 17 2013]
Sarris: our credibility was below zero [Published Cyprus Mail - May 16 2013]
UPDATE 1-CNP Assurances says Cyprus unit hit hi... [Published Reuters - May 16 2013]
Where did the funds go? [Published Oman Observer - May 15 2013]
Second Attempt Mar 25 Cyprus reach bailout deal... [Published Lanka Business Online - May 15 2013]
Documents portray Greek Cyprus as Russia's favo... [Published World Bulletin - May 15 2013]

Blogs

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Who is RBS? Royal BS... or the Royal Bank of Sc... [Published Zero Hedge - May 20 2013] Scotland is making a move for independence from the UK as a sovereign nation. Such an event is bound to be rife with political motivations and ramifications that I'm no where near qualified to gauge or judge. Yet, there is one thing that I can comment ...
Who is RBS? Royal BS... or the Royal Bank of Sc... [Published Zero Hedge - May 20 2013] Scotland is making a move for independence from the UK as a sovereign nation. Such an event is bound to be rife with political motivations and ramifications that I'm no where near qualified to gauge or judge. Yet, there is one thing that I can comment ...
Cyprus Receives First EU-IMF Aid Tranche [Published Economy Watch - May 14 2013] About The AuthorLatest news about the state of the world economy.EconomyWatch, News Desk TeamCyprus on Monday received its first tranche of a 10 billion euro bailout package from international creditors agreed earlier this year, after the near-collapse ...
This is What Being Cyprus’d Looks Like in Your ... [Published St George West - May 05 2013] The Doc: In the wake of the Cyprus depositor theft becoming official this week, a Cypriot SD reader has sent us a screen shot of his online banking terminal with Cyprus Popular Bank (Laiki) The screenshot below puts new clarity to If You Don’t ...
Bank Collapse in Cyprus: Which Way Now? [Published Newgeography.com - Economic, demographic, and p ... - May 02 2013] Having run out of options to solve its bigger problems, European Union commissioners, in the spirit of famed bank robber Willy Sutton, have decided to go after depositors’ money on Cyprus for a simple reason: “That’s where the money is.” Will the current ...

Audio/Video

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Bank employees clash with Cyprus police [Published Reuters Video: Top News - Mar 21 2013]

Press Releases

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Orchard Сourse Markets: The Situation Around th... [Published PR.com Press Releases - Apr 04 2013]
CNP Communicates on its Cyprus Situation [Published Financial Services - Apr 02 2013]