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Bank of Cyprus posted €95 million profit in 1Q 2019

Bank of Cyprus posted €95 million profit in 1Q 2019

The Bank of Cyprus announced on Monday that it posted a €95 mn profit for the first quarter of 2019. The Bank reported a “good capital position”, as at 31 March 2019 the CET1 ratio was 14.9% a [...]

Central Bank Governor: Anti-money laundering efforts beginning to be recognised abroad

Governor of the Central Bank of Cyprus Constantinos Herodotou has spoken of a new culture of compliance in Cyprus banks on anti-money laundering since 2013 and that progress so far is beginning to be [...]

European Commission official: MPs decisions on Co-op “might have been different”

Decisions regarding the co-operative banking sector in Cyprus might have been different, a senior European Commission official told MPs on Tuesday, but noted that the final solution was not too bad. [...]

Hourican to leave from Bank of Cyprus in September

Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public Company Limited announce that last evening its Group Chief Executive Officer, Mr John Patrick Hourican, informed the Boards of [...]

The message for BoC’s ‘Helixed’ customers

A LATE-NIGHT announcement by Bank of Cyprus last Tuesday threw a good deal of light on the goings on in the bank’s progress in 2019. The announcement covered three issues: Capital Requirements, Heli [...]

Fund managers take the lion’s share in 15-year bond issuance

Fund Managers took the lion’s share in the issuance of the first ever 15-year bond by Cyprus, with 55% of the allocations, followed by banks (20%) and insurance and pension funds (10%), the Ministr [...]

Moody’s: Estia is positive for banks

Release of funds to subsidise nonperforming mortgage loan repayments is credit positive for Cyprus' banks, according to Moody’s rating agency. On 21 January, Cyprus' parliament, through its finance [...]

Moody’s upgrades Bank of Cyprus’ and Hellenic Bank’s deposit ratings

Moody’s Investors Service on Thursday said it had upgraded Bank of Cyprus and Hellenic Bank long-term deposit ratings to B3 from Caa1, and their long-term Counterparty Risk Ratings (CRRs) to B1 fr [...]

Hellenic Bank announces record profits after acquiring Cooperative Cyprus Bank

Hellenic Bank posted record profits amounting to €295.9 million for the period that ended on 30 September after acquiring the performing part of the Cooperative Cyprus Bank (CCB).In late June 2018 [...]

State aid: Commission approves Cypriot “ESTIA” scheme

The European Commission has approved under EU State aid rules the Cypriot “ESTIA” scheme to support private households and micro-companies that have encountered difficulties in repaying mortgage [...]

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