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
FM projections at CYP 80 mln Emphasis back on organic growth Bank of Cyprus Pcl (BOC) is seen lifting first half profits by a staggering 155% year-on-year to well above CYP 80
Foreign borrowing now accounts for just under a fifth of all lending by commercial banks, according to the most recent figures from the Monetary Survey, and continues to rise. Foreign loans and
Marcos to play in football fund-raiser Societe Generale Cyprus will sign a three-year sponsorship deal today with Cypriot-born tennis ace Marcos Baghdatis, who presently lies sixth in the world ATP rankings. The
Buys CYP 5 mln prime properties for offices Quality Group, the Larnaca-based developer and operator of luxury homes and residential projects, has bought two major plots to build and develop commercial and
Computer and printer maker Hewlett-Packard said it will pay $4.5 bln to acquire Mercury Interactive, a software company enmeshed in a scandal over the backdating of stock options. The acquisition – at
