Bank of Cyprus triumph over Marfin

Sheer determination by the board, management and staff of Bank of Cyprus to fight off a challenge by Marfin Popular Bank for its control, together with wide support from shareholders and with

Orphanides profits rise

Orphanides Pcl (ORF) released its first quarter results posting a moderate increase in net profit to EUR 749.000 or CYP 435k up by 3.3% YoY. Despite the acquisitions made within 2006, turnover

Hellenic to issue shares for takeovers

Hellenic Bank Pcl (HB) shareholders approved a special resolution at the Company’s Extraordinary General Meeting held after the 33rd AGM,  authorising the Bank’s Board of Directors to issue up to 20 mln

Bank of Cyprus raises debt ceilings

Bank of Cyprus has decided to increase the size of its Euro Medium Term Note (EMTN) Programme and its Euro Commercial Paper (ECP) Programme to EUR2,0 bln and EUR1,0 bln respectively. It