Head of co-op inquiry lashes out at ‘lies’ over conflict-of-interest claims
The head of an inquiry into the collapse of the co-op bank accused a newspaper on Wednesday of seeking to cast doubt over his findings...
Altamira
Government spokesman denies link to Altamira deal
Government spokesman Kyriacos Koushos denied on Friday that the law firm he was a partner in had drafted the agreement to hand over the management...
Audit boss says state’s deal with Altamira a ‘major scandal’
In 2017 the now-defunct cooperative bank – run by the state at the time – signed a no-bid contract with asset management outfit Altamira by...
Disy MPs walk out of House bad loans meeting (Updated)
A House watchdog committee meeting scheduled to discuss the demise of the co-op bank on Thursday was marked by ruling Disy MPs walking out citing...
Opposition seeks to beef up watchdog’s role in banks
An opposition party said Monday it will table a bill that would make decisions taken by the financial ombudsman legally binding on banks. Angelos Votsis,...
Altamira real estate offers plots of land from €150
Altamira’s innovative campaign to offer plots of land around Cyprus at special prices is attracting a lot of attention. In the month since its launch,...
Altamira Real Estate: Location of the week on special offer
Altamira Real Estate has launched a new large-scale campaign, aimed at promoting properties in different areas across the island. As part of the Company’s campaign...
CBC chief says she could not state openly her worries over Co-op
It would be inconceivable for any central banker to state in public that a lender faces liquidity problems, Central Bank of Cyprus (CBC) governor Chrystalla...
Altamira launches new website and boosts real estate sales
Company’s online platform is up and running, offering exclusive investment opportunities Altamira Asset Management Cyprus is changing the way we search for real estate in...
Ex official slam Co-op CEO, Altamira deal (Updated)
Former Co-op officials continued to testify on Monday to a special committee probing the bank’s collapse which, they said, was the result of bad corporate governance and...
Co-op tenants in Limassol face eviction
By Lizzy Ioannidou Tenants living in apartment buildings behind the Limassol Co-operative Savings Bank on Gladstonos Street in Limassol have been left panic-stricken after receiving...
CEO says regulator forced Co-op into Altamira, Citi deals
By Stelios Orphanides The chief executive officer (CEO) of the Cyprus Cooperative Bank Nicholas Hadjiyiannis has said the bank was compelled by European regulators to...
Co-op bad loans reduced to €6.5bn
Since August 1, the state-owned Cyprus Cooperative Bank has reduced its non-performing loans by €670m to €6.5bn, an executive was quoted as saying by the...
Track record on NPL reduction “key” for Co-op’s capital increase
By Stelios Orphanides The reduction of delinquent loans is key for the success of the Cyprus Cooperative Bank’s planned capital increase, a Co-op executive said,...
APS and Altamira may prove ineffective in reducing NPLs
As the pace of reduction of non-performing loans in the Cypriot banking system appears to have dropped considerably in the first months of this year...
Co-op protesters reject NPL deal with Altamira
The Cyprus Cooperative Bank’s decision to enter an agreement with Spain’s Altamira on the management of its non-performing loans, roughly 60 per cent of its...
Co-op announces deal with Spanish NPL manager Altamira
The state-owned Cooperative Central Bank said that it entered an agreement with Spain’s Altamira Asset Management SS to set up a joint unit to which...