Business - Page 1961

Bank of Cyprus Public Company Ltd announced that George David resigned from his position as member of the Board of Directors, effective July 28. The resignations follows a similar move by Demetris

Bank of Cyprus saw bullish upgrades from foreign investment houses following the release of the first half results, which saw profits climb to CYP 85 mln, more than analyst expectations. UBS, the

Credit Agricole, the French banking giant has improved its takeover bid offer price seeking minimum 40% control of Emporiki Bank of Greece to 25 euros per share from 23.5 euros previously. The

Piraeus Bank is reported to be seeking a way out of its 8.2% stake in the capital of Bank of Cyprus, acquired at a cost in excess of EUR 400 mln and

Russia and Gulf offset weak EU market Tourism arrivals recorded their second consecutive monthly fall in June, dropping by 0.9% year on year to 280,164, having fallen by 0.2% year on year

…revises full-yr profit target to CYP 160 mln Bank of Cyprus Pcl first half profit surged 172% year-on-year to CYP 85 mln, beating by a wide margin the estimates made by analysts

Specialized Technical Services (STS), a leading e-payment solutions provider in the Middle East, has signed a US$ 350,000 deal with Jordan Kuwait Bank (JKB) to implement a cutting edge core banking system