The latest International Financial Statistics publication from the International Monetary Fund show that total reserves held by deposit money banks slipped to CYP 1,147.9 mln in November 2004, from CYP1,279.8 mln in October. However, they were higher than the 1,128.6 mln recorded at the end of 2003. Meanwhile, total foreign assets held by deposit money

Equity prices on the Cyprus Stock Exchange (CSE) staged a moderate rebound on Thursday, closing 1.33% higher ahead of the announcement of results from Bank of Cyprus. The shares of Bank of Cyprus (BOC) were instrumental in leading prices higher, gaining 1.67% to CYP 1.83, while the Bank’s shares in Greece were trading at EUR

The Board of Directors of the Bank of Cyprus (BOC) decided to recommend for approval at the Shareholders’ Annual General Meeting to be held on 18 May 2005, the payment of a dividend for 2004 of 4 cent per share for a total cash payout of CYP 18.59 mln. The recommended ex-dividend date is Thursday,

Bank of Cyprus (BOC) announced a significant turnaround in its 2004 results, lifting net profits to CYP 37.5 mln compared to CYP 28.8 mln losses in 2003. Core profits (before provisions for bad and doubtful debts and before tax) reached CYP 140 mln, up by 39% against CYP 101 mln for the prior year. Net

Alcatel SA, the French maker of telecommunications gear, and Microsoft Corp. Tuesday said they will jointly develop Internet-based TV services for telephone companies. n November, Microsoft announced it would provide TV technology to SBC Communications Inc. “We are committed to integrate the current Alcatel video solutions with Microsoft TV IPTV Edition, resulting in a market-leading