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
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,
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,
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
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 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
As the European Central Bank decides to push up interest rates by another 50 basis point Cypriot banks are prepping to push up interest rates on deposits, acknowledging the increase in interest
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 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
Capital Intelligence Ratings has upgraded all Bank of Cyprus metrics by one notch, and maintained the outlook at ‘stable’, due mainly to improved asset quality – as measured by non-performing loans –
