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…as Bankers Chairman resigns The island’s banks have offered to renew the collective labour agreement for the next three years with a 2% pay increase, similar to the collective labour deal reached

Laiki Bank Group (CPB) reported a highly satisfactory increase in first half profits, which surged 63.2% year-on-year to CYP 18.12 mln from CYP 11.1 mln a year ago, with the return on

BNP Paribas (Cyprus) Ltd., the successor of the French BNPI’s operations on the island, will be staying on after all, following wild rumours last May that the bank had relieved its second

Orphanides Public Co. (ORF) saw its margins improving in the first half of the year, but the addition of new stores, higher fuel costs and other related expenses forced net profits to

Demetra Investments (DEM), the island’s largest investment company reported a spectacular improvement in first half profits on the back of a sharp jump in dividend income and bumper profits from unrealised revaluation