Police examining CCTV footage after Limassol bank shooting
CCTV footage from the area surrounding the bank in Limassol where shots were fired on Monday is “under the microscope” of Limassol police.
Police say a saloon car which was ...
Our View: Cyprus banks bounce back after ten years of uncertainty
After more than a decade of uncertainty, Cyprus’ two systemic banks, Bank of Cyprus and Hellenic Bank have made a full return to healthy profitability, sound fundamentals and positive prospects. ...
Court dismisses latest 2013 haircut crisis claims
The District Court of Nicosia dismissed a case brought against the Bank of Cyprus, the Central Bank and the Republic of Cyprus for the haircut on deposits during the financial ...
Bank workers union claims victory over travel expenses
Bank employees union Etyk on Tuesday said that after an arbitration process through the ministry of labour it has ensured that Bank of Cyprus staff are reimbursed the full travel ...
Those who sued central bank over 2013 crisis could have legal fees slashed
Individuals or entities who sued the Central Bank of Cyprus (CBC) over bonds linked to Bank of Cyprus or former Laiki bank relating to the 2013 financial crisis may be entitled ...
Court dismisses depositors’ case against Bank of Cyprus
The Nicosia District Court threw out a case on Wednesday brought against the Bank of Cyprus for the haircut on depositors’ savings in 2013, an announcement said.
In their decision, the ...
Bank of Cyprus waits for SSM approval to lower mortgage rates
The Bank of Cyprus has prepared a proposal aimed at reducing lending rates, which has been submitted to the Central Bank of Cyprus, according to the group’s CEO Panicos ...
Bank of Cyprus posts €95 million profit — expects dividends ‘to build prudently’
The Bank of Cyprus on Tuesday announced that it generated a €95 million after-tax profit for the first quarter of 2023, a significant improvement over the corresponding period of 2022, when it recorded ...
UNic and Bank of Cyprus sign memorandum
Students at the University of Nicosia are to be granted research scholarships after the institution signed a memorandum of understanding with the Bank of Cyprus.
The signing of the memorandum ...
S&P expects improved efficiency and profitability for Bank of Cyprus
International credit rating agency S&P Global Ratings (S&P) on Wednesday upgraded the Bank of Cyprus and revised its outlook from stable to positive, citing the bank’...
Bank of Cyprus closes accounts of Russian clients – Forbes
The Bank of Cyprus has begun notifying its clients who are Russian citizens that their accounts will be closed, the Russian edition of Forbes magazine reported on Tuesday.
Forbes cited ...
Bank of Cyprus named best private bank in Cyprus for seventh time
The Bank of Cyprus has once again been recognised as the best bank in Cyprus for 2023 in Private Banking, marking the seventh time the institution has received this accolade, according ...
Bank of Cyprus releases Pillar 3 Disclosures
The Bank of Cyprus released its Pillar 3 Disclosures on Wednesday, April 5, which contained forward-looking statements regarding the group’s future financial condition, performance, and opportunities.
The public disclosure requirements of ...
Bank of Cyprus posts €71 mln profit for 2022; lays foundation for dividends
The Bank of Cyprus on Monday released its preliminary financial results for 2022, posting a profit after tax of €71 million for the entire year, marking a considerable increase over the €30 million ...
Bank early retirement beneficiaries also seeking unemployment benefit
Some 1,000 former bank employees who opted for early retirement are waiting for the attorney-general to rule on whether they’re also entitled to unemployment benefit, it appeared on Monday.
The ...
Nicolaou’s stint at the helm of BoC extended until 2026
Panicos Nicolaou’s term in office as Chief Executive Officer (Ceo) of the Bank of Cyprus has been extended for another 4 years.
During meetings on Friday, the Boards of Directors ...
Α multi-sensory experience from the BoC Culture Foundation
With the aim of making culture accessible to all, the Bank of Cyprus Cultural Foundation launches the new multi-sensory project Aisthiseis. The cultural foundation, in full alignment with the Bank ...
Our View: Islands’ two main banks finally have clean bill of health
Greece’s Eurobank has doubled its shareholding in Hellenic Bank it was announced on Thursday. It acquired 12.6 per cent of Hellenic in 2021 adding another 13.5 per cent of the shares this ...
Foreclosures freeze ‘tragic for the country’ BoC chief warns
Parliament’s decision to extend foreclose freezes until January 2023 is “ridiculous” and exposes Cyprus for no reason, Bank of Cyprus group chief executive Panicos Nicolaou said on Friday.
“This is ...
Lone Star will not submit new bid for Bank of Cyprus (updated)
Private equity firm Lone Star, in a statement issued on Tuesday to the London Stock Exchange, said that it is not intending to submit a revised offer for the acquisition ...
A bank for the ‘little’ people
The founding fathers of the Bank of Cyprus would surely be horrified at the turn of events.
“Thrift” and “savings” for little people were the Victorian watchwords in the 1890s.
...
Lone Star considering revised offer for the Bank of Cyprus
Private equity firm Lone Star, in a statement issued on Tuesday to the London Stock Exchange, said that it is considering its options in terms of submitting a revised offer ...
Use Bank of Cyprus app to deposit cheques yourself
As the Bank of Cyprus continues efforts to steer customers away from its branches, it on Monday reminded customers they can deposit a cheque themselves using the bank’s app.
...
Bank of Cyprus posts €50 mln half-year profit
The Bank of Cyprus on Wednesday released its financial results for the first half of 2022, posting a profit after tax of €50 million, marking a significant improvement over the €1 million loss ...