Moody’s ups rating on BOCY

Moody’s Investors Service, the credit rating agency has changed Bank of Cyprus’ (BOCY) outlook to positive from stable for the Baa1 foreign currency long-term deposit rating and D+ financial strength rating (FSR).

Moody’s improves rating on Hellenic

Moody’s Investors Service, the credit rating agency has improved the rating on Hellenic Bank (HB) outlook to stable from negative for the D Financial Strength Rating (FSR). Moody’s also affirmed the bank’s

Dollar stable before US trade data

The dollar remained stuck within tight ranges on Thursday ahead of the release of key U.S. trade data later in the session, which economists forecast show a slight improvement. The U.S. trade

UK set for hike rates to 5%

UK interest rates are expected to rise to a five-year high of 5% after the Bank of England’s lunchtime meeting. The predicted raise from 4.75% would be seen as a bid to

BOCY appoints new Board members

The Board of Directors of Bank of Cyprus Public Company Ltd appointed as members of the Board Charilaos Stavrakis, Chief Executive Officer-Cyprus and Deputy Group Chief Executive Officer and Yiannis Kypri Group

Board appointments at Laiki Hellas

Cyprus Popular Bank Public Company announced that Efthimios Bouloutas, Managing Director of Marfin Bank, will become the new Managing Director of Popular Bank (Hellas). Bouloutas has served as General Manager of EFG

Cyprus businessmen see prospects in Croatia

The business delegation accompanying Cyprus President Tassos Papadopoulos on his official visit to Croatia believes that there are prospects to develop trade and economic cooperation between the two countries and hopes to