Bank of Cyprus profit at EUR 485 mln

…dividend raised to EUR 0.44 Bank of Cyprus announced its 2007 results, lifting net profit by 55% YoY to EUR 485 mln from EUR 313 mln in 2006. The ratio of non-performing

Demetra stages massive rebound

Demetra Investments (DEM), Cyprus’ largest investment fund now diversifying into new investment opportunities staged a spectacular rebound in results, reporting CYP 14.33 mln in net profit for 2005, compared to a loss

Saudi Arabia’s sovereign ratings raised

Capital Intelligence, the international rating agency, has raised Saudi Arabia’s long-term foreign currency and local currency ratings to AA- from A+ and its short-term foreign- and local-currency ratings to A1+ from A1.