Bank of Cyprus Archives - Financial Mirror

Cyprus appoints new ECB member, just in time

Cyprus appointed a new Central Bank Governor on Tuesday, just in time for Christodoulos Patsalides to attend the ECB monetary policy meeting in Frankfurt on Thursday. The appointment was announced on Monday

9th April 2024

Cyprus/Economy

BOCH shares gain on dividend news

Shares in Bank of Cyprus Holdings, parent of the island’s leading lender, traded at recent highs on the London and Cyprus stock exchanges on Thursday, a day after the bank announced a

21st March 2024

Companies/Cyprus

Bank of Cyprus continued profits boost stock price

Bank of Cyprus saw its stock price trade at a recent high of €3.56 on the Cyprus Stock Exchange on Tuesday, up 3c from Monday’s close, when the bank announced €487 mln

20th February 2024

Companies/Cyprus

Chartered pension fund donates €9.5 mln to BOCOC

The administrators of the former Chartered Bank staff pension fund donated €9.5 mln to the Bank of Cyprus Oncology Centre (BOCOC), used to replace three linear accelerators. A linear accelerator (LINAC) aims

25th January 2024

Companies/Cyprus/Life & Society

The best performing stock is not always the best company

For many investors, the Cyprus Stock Exchange (CSE) started 2024 just as 2023 ended, with anemic daily volume which in any mainstream market would normally represent about a tenth of a single

14th January 2024

Comment/Cyprus/Guests

CI assigns ‘positive’ outlook to BOCY

Capital Intelligence Ratings has upgraded its outlook for Bank of Cyprus to ‘positive’, raised its financial strength rating by a notch and affirmed other metrics, a week after S&P Global Ratings also

19th December 2023

Companies/Cyprus

S&P raises BOCY to BB on improved funding

S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus Public Co. Ltd. (BOC) to ‘BB’ from ‘BB-‘ and affirmed the ‘B’ short-term rating, citing “significant progress toward rebalancing

15th December 2023

Companies/Cyprus

Bank of Cyprus posts €349 mln 9M profit

The country’s largest banking and financial services group, Bank of Cyprus, posted after-tax profits of €349 mln for the first nine months, substantially improving from the €19 mln loss last year. Notably,

14th November 2023

Business

Moody’s upgrades Bank of Cyprus, Hellenic deposit ratings

Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the resilience of the economy and credit conditions favouring Cypriot banks. Last Friday,

4th October 2023

Business

Bank of Cyprus posts 1H €220 mln profit

Leading lender, Bank of Cyprus posted after-tax profits of €220 mln for the first half of 2023, highlighting its robust profitability, a significant leap from the €43 mln recorded last year. Some

10th August 2023

Business/Companies