The Cooperative Central Bank reported net profits of €37.1 mln in the first quarter of the year, down from €41.2 mln in the fourth quarter of 2014, mainly due to a drop
The Chairwoman of Hellenic Bank has called for the creation of asset management vehicles or companies so that banks can properly deal with the vast problem of non-performing loans and the glut
By Dr Olga Kandinskaia, Director of the MSc Management Programme at the CIIM Business School CIIM is pleased to announce a new specialisation area for the Master of Science in Management Programme.
Property prices continued to fall in most towns and asset classes during the first quarter of the year, down 3-8% from the same quarter last year, with significant falls being recorded in
Trade unions of bank employees are preparing for a confrontation with management at Hellenic Bank and Bank of Cyprus as the restructured banks want to employ universally accepted working hours and pay
PwC Cyprus and the Institute of Chartered Accountants in England and Wales (ICAEW) hosted an event on “Building skills for success” for accountants who have completed, or are in the midst of
Five senior former executives at the Bank of Cyprus have pleaded not guilty to charges of misleading shareholders and the authorities over its grossly underestimated capital shortfall dating back to 2012 when
Hellenic Bank, one of four systemic banks that underwent stringent capital tests last October and raised about 200 mln in fresh funds, reported a profit of EUR 12 mln in the first
A Central Bank draft law on loan sales provides that loans could only be sold to companies resident in Cyprus, in addition to subsidiaries of credit institutions in other EU member states.
* Bailout exit “within ten months” * President Nicos Anastasiades said that his Government plans to announce new tax incentives to attract foreign investments, but also for the benefit of Cypriot citizens
