Bank of Cyprus announced after-tax profits of €4 mln in the third quarter, somewhat easing the pain of €122 mln in losses during the nine months, while its chief executive warned of
Moody’s Investors Service affirmed all ratings and assessments of Bank of Cyprus and Hellenic Bank, including their long-term deposit ratings of B3. The outlook on both banks’ long-term deposit ratings remains positive.
Bank of Cyprus posted first-half losses of €126 mln, of which a hefty €100 mln was booked in the second quarter alone with the CEO attributing the downfall to its Project Helix
Bank of Cyprus agreeing to sell a portfolio of nonperforming loans with a gross book value of €916 mln to funds affiliated to global fixed-income investment manager PIMCO is a positive step,
Businesses in Cyprus, including small and medium-sized enterprises (SMEs), may benefit from export and import opportunities available through the European Bank for Reconstruction and Development (EBRD) doubling its trade finance limit to the Bank
Bank of Cyprus, the one-time darling of the Cypriot economy that has suffered two waves of shareholder bail-ins, announced Tuesday a first-quarter loss of €26 mln as coronavirus began to bite. This
Bank of Cyprus, the island’s largest lender, posted a net loss of €70 mln for 2019, due to increased provisions after postponing a sale of non-performing loans and the cost of a
Social partners have welcomed the renewal of collective agreements between two of Cyprus largest banks and staff unions but there is a fragile truce. Working relations in the banking sector may be
In a cost-cutting move, Bank of Cyprus will close its landmark branch in the capital at Nicosia’s Eleftheria Square along with 10 other branches facing the chop this year. BoC’s decision was
