Bank of Cyprus improves EU stress test

The Bank of Cyprus announced the successful completion of the EU-wide stress test for 2023 with improved results. According to the bank, the results show the Group’s “resilience under adverse conditions and

/

S&P eyes Bank of Cyprus upgrade

S&P Global Ratings (S&P) revised the outlook for the Bank of Cyprus to positive from stable, citing the easing of funding risks, a diversified business model and substantial progress in de-risking its

Bank of Cyprus revelling in comeback

Bank of Cyprus has “the wind in its sails” and has upgraded its guidance for 2023 after exceeding targets last year, its chief executive officer said, a decade after the island’s biggest

Bank of Cyprus eyes dividend payments

Bank of Cyprus aims to return to substantial dividend payouts this year as it posted after-tax profits of €71.1 mln for 2022 from €29.7 mln the year before. Announcing its latest financial

Lone Star deal heads south

A fresh attempt by US private equity firm Lone Star at a fourth takeover bid for Bank of Cyprus will also be shot down by the institution’s shareholders and the island’s financial

/

Lone Star still stalking Bank of Cyprus

US private equity firm Lone Star is not giving up on buying Bank of Cyprus, with senior officials in Nicosia to negotiate with stakeholders. Despite seeing three cash offers rejected by the