Marfin Popular Bank PCL

Type: Company
Name: Marfin Popular Bank PCL (Marfin Popular Bank Public Company Ltd)
First reported Aug 11 2014 - Updated Aug 11 2014 - 1 reports

Inquiries ongoing in econ criminal probe

A CRIMINAL probe into the financial meltdown of 2013 will be done when it’s done, Attorney-general Costas Clerides told inquisitive lawmakers on Monday.Clerides, who was attending a joint session of the House finance and interior affairs committees discussing ... [Published Cyprus Mail - Aug 11 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 2 reports

Former Central Bank chief jeered in bond-sale court case

By Elias Hazou BONDHOLDERS who lost money with ex Laiki Bank again heckled former Central Bank chief Athanasios Orphanides as he reappeared in court on Monday. Orphanides was met with shouts of "thief" and "traitor" as he showed up at Limassol district ... [Published Crawford Financial Planning - Aug 11 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 1 reports

Strings attached

American billionaire Wilbur Ross, a potential stakeholder in the Bank of Cyprus, has set the repossession bill as a prerequisite for his €400 million investment that will increase the bank’s capital in time for EU stress tests.According to reports, Ross ... [Published The Cyprus Weekly - Aug 11 2014]
First reported Aug 11 2014 - Updated Aug 11 2014 - 2 reports

Cypriot insurers still suffering following bank bail-outs

The Cypriot insurance market has failed to rebound following the financial crisis despite the bail-out of both of the country’s major banks, according to a report published by Axco Insurance Information Services.Premiums in the life market (excluding ... [Published Insurance Insight - Aug 11 2014]
First reported Aug 02 2014 - Updated Aug 02 2014 - 1 reports

FUNDS: Bank of Cyprus has €1.6 bln cushion after cap increase

Bank of Cyprus now has cushion of €1.6 bln after the recent capital increase of €1.1 bln, continued cost-cutting and cashing in on some €950 mln the government owed it after absorbing the now defunct Laiki Popular Bank and being burdened with its bailout ... [Published Financial Mirror - Aug 02 2014]
First reported Jul 31 2014 - Updated Jul 31 2014 - 1 reports

Bond settlements

Cypriot investors in high-yield bonds who were allegedly not informed about the risks involved on Wednesday called for out-of-court settlements with Bank of Cyprus which has absorbed defunct Laiki Bank.Association leader Phivos Mavrovouniotis told a press ... [Published The Cyprus Weekly - Jul 31 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 1 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 - Jul 30 2014]
First reported Jul 29 2014 - Updated Jul 30 2014 - 1 reports

Bank of Cyprus shares to stay off Stock Exchange until end of October

Bank of Cyprus (BOC) shares will stay off the Cyprus Stock Exchange until the end of October, the Cyprus Securities and Exchange Commission said on Tuesday.The announcement came one day after Bank of Cyprus announced the successful private placement of ... [Published China.org.cn - Jul 29 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 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 - Jul 25 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

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 23 2014 - Updated Jul 23 2014 - 1 reports

Bad bonds

Former Central Bank Governor Athanasios Orphanides appeared in a Limassol district court on Monday along with three former board members of Laiki Bank in an alleged mis-selling of bank bonds case.A Limassol resident has filed the case, claiming he was ... [Published The Cyprus Weekly - Jul 23 2014]

Quotes

"This was a target for 2015, but recent reports have suggested that it is more likely to happen in 2016. Indeed, as a direct consequence of the failings of the current subsidised public healthhealth system, where waiting lists are long and fees were increased for most consultations and hospital visits in August 2013, private medical insurance has experienced an increase in demand, even during the economic crisis."
" We can only regret having been misled by the family with which Crédit Agricole was trying to create a true partnership to build the biggest private bank in Portugal ."
"A number of bond holders are penniless, they have no money to feed their families let alone wait for long-dragging legal cases as is the norm here in Cyprus" Mavrovouniotis said
"The ECB expressed readiness to cooperate and contribute towards efforts by the Cypriot authorities, as well as by the Central Bank of Cyprus, to solve remaining problems" the government said

More Content

All (46) | News (38) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
sort by: Date | Relevance
European corporates continue to falter [Published World Finance - Aug 18 2014]
Inquiries ongoing in econ criminal probe [Published Cyprus Mail - Aug 11 2014]
Former Central Bank chief jeered in bond-sale c... [Published Crawford Financial Planning - Aug 11 2014]
Strings attached [Published The Cyprus Weekly - Aug 11 2014]
Former Central Bank chief jeered in bond-sale c... [Published Cyprus Mail - Aug 11 2014]
Cypriot insurers still suffering following bank... [Published Insurance Insight - Aug 11 2014]
Cypriot insurance market still struggling despi... [Published Actuarial Post - Aug 11 2014]
Banco Espírito Santo: Large Losses and Lots of ... [Published Brown Rudnick - Aug 09 2014]
Tales from the Coffeeshop: AKEL’s rather strang... [Published Cyprus Mail - Aug 03 2014]
FUNDS: Bank of Cyprus has €1.6 bln cushion afte... [Published Financial Mirror - Aug 02 2014]
Roundup: Russians, Americans to join efforts in... [Published Individual.com - Jul 31 2014]
Archbishop Urges Shareholders To Reject To Wilb... [Published Value Walk - Jul 31 2014]
Bond settlements [Published The Cyprus Weekly - Jul 31 2014]
BONDS: Bank of Cyprus to issue €1bn in September [Published Financial Mirror - Jul 30 2014]
Bank of Cyprus shares to stay off Stock Exchang... [Published China.org.cn - Jul 29 2014]
Taking legal action [Published The Cyprus Weekly - Jul 25 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]
Greek investors sue Cyprus gov't for €50 mln [Published Financial Mirror - Jul 23 2014]
Bad bonds [Published The Cyprus Weekly - Jul 23 2014]
Laiki appeals to ICSID [Published Cyprus Mail - Jul 22 2014]
Cyprus Canvasses Draghi on Debt Swap to Ease Ba... [Published Hellenic Shipping News Worldwide - Jul 21 2014]
Greek investors file notice of lawsuit against ... [Published The Global Legal Post - Jul 17 2014]
ECB ready to help [Published The Cyprus Weekly - Jul 17 2014]
Eurogroup told to respond to haircut lawsuit wi... [Published Cyprus Mail - Jul 17 2014]
Calling for bids [Published The Cyprus Weekly - Jul 16 2014]
Money from Mario [Published The Cyprus Weekly - Jul 16 2014]
ECB ready to help Cyprus [Published Cyprus Mail - Jul 16 2014]
Shareholders call for help covering problems of... [Published Cyprus Mail - Jul 16 2014]
Investors to sue Cyprus over seized deposits [Published Cyprus Mail - Jul 15 2014]
1 2
In Focus
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Content Volume
Document Volume
Network
Network

Blogs

sort by: Date | Relevance
New Zealand: the Shell Company Incorporation Fr... [Published naked capitalism - May 16 2014]
In our previous post in this series, we rounded up some of the career highlights of a company agent, Philip Burwell, and his brand, International Offshore Services (IOS), formerly very active in New Zealand via its franchisee, The Company Net. We noted ...
IMF Sees Signs of Stability for Cyprus Banks [Published OANDA Forex Blog - Apr 02 2014]
Cyprus’s economy is adjusting following the 2013 recession, which was “not as severe as anticipated”, the International Monetary Fund (IMF) has said. “Signs of stabilisation are emerging in the banking sector,” said the IMF in a report. Cyprus agreed ...
Corkow: Analysis of a business-oriented banking... [Published We Live Security - Feb 27 2014]
In his  blog post last week, Graham Cluley introduced the Win32/Corkow banking Trojan. The malware, which has been in the wild since at least 2011, has demonstrated continuous activity in the past year, infecting thousands of users. Version numbering ...
Leaked ‘issues note’: Who pays for EU bank bail... [Published FT.com - Brussels Blog - Feb 14 2014]
Workers shutter a branch of Laiki Bank, which was closed under Cyprus' €10bn bailout last year For those not following every twist and turn in the EU’s debate over how to bail out failing banks, it may come as a bit of a surprise that finance ministers ...
1
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.