BoC rewards points for mortgage payers

Bank of Cyprus has a reward plan to compensate borrowers consistent with their mortgage instalments even though affected by rising interest rates by the European Central Bank. Phileleftheros daily said BoC would

BoC posts €95 mln Q1 net profit

Largest lender Bank of Cyprus posted after-tax profits of €95 mln for the first quarter of 2023 from €17 mln in the same period last year. The Bank announced Tuesday that net income from

Senvest becomes major shareholder in BoC

Weeks after offloading 3.2% of its 4.5% holding in Hellenic Bank, fund manager Senvest Group has increased its participation in the island’s largest lender, Bank of Cyprus. According to an announcement sent

Lone Star mulls fourth bid for BoC

US private equity firm Lone Star could return with the fourth attempt at a Bank of Cyprus takeover, despite seeing three cash offers rejected by the island’s biggest lender. In comments to

CySEC monitoring BoC takeover bid

The Cyprus Securities and Exchange Commission (CySEC) closely monitors the non-binding takeover bids of the largest lender Bank of Cyprus, filed by US investment fund Lone Star. It is also in consultation

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