S&P raises Bank of Cyprus outlook

Standard and Poor’s revised the country’s largest lender Bank of Cyprus’ outlook to positive from stable, following a new NPL transaction titled Helix 3, reducing its non-performing loans ratio to single digits,

Bank of Cyprus losses triple amid COVID

Bank of Cyprus saw its losses triple last year to €175 mln. Its chief executive is confident 2021 will be better, focusing on reducing costs and liabilities while increasing retail loans and