At the meeting of the Governing Council of the European Central Bank on Thursday July 6 the Council decided that the minimum bid rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility would remain unchanged at 2.75%, 3.75% and 1.75% respectively. These are 50 basis

Bank of Cyprus Pcl has applied to the Cyprus Competition Commission seeking approval of its bid for control of Emporiki after it secured the relevant permission from the Greek Capital Markets Commission to publicise its prospectus. The Cyprus Competition Commission needs to give its approval for the bid in view of the fact that Emporiki

The Board of Directors of Marfin Bank, Laiki Bank Hellas S.A. and Egnatia Bank S.A., agreed to start the process of the three-way merger, which aims to create one of the largest banking groups in Greece. Marfin Group Vice-Chairman Andreas Vgenopoulos said Marfin Bank and Laiki Bank Hellas S.A. will be merged under Egnatia Bank

Christis Dairies Pcl shares soared double limit-up or 32% on Friday to 18.2 cent per share on the CSE following reports that Delta S.A. of Greece is seeking to buy Christis from the Shacolas Group and CTC and submit a public offer for the whole of the company. Delta, which has a 54.9% stake in

The official interest rates of the Central Bank of Cyprus, that is the minimum bid rate on the main refinancing operations, the interest rate on the marginal lending facility and the interest rate on the overnight deposit facility remain unchanged at 3.25%, 4.25% and 2.25%, respectively. At a meeting Friday and following extensive discussions, the

…Massive over-subscription for Cyprus bonds A multiple bond auction held by the Central Bank of Cyprus on behalf of the government was heavily over-subscribed, with the 10-year bond yield moving back above the comparative German bund yields. The 2-year bond yield however, remained below the German bund yields indicating uneasiness in the bond market ahead

LTV said effective Friday July 7 it has terminated the transmission of the LTV channel from NOVA Cyprus, but there are no problems with the analogue customers. The above termination became imperative as a result of the unreasonable refusal by Multichoice Hellas SA, owners of NOVA Cyprus, to pay to LTV fees due for the