Fitch reaffirms ratings for BoC and Hellenic
Fitch Ratings on Friday affirmed Bank of Cyprus’ (BoC) Long-Term Issuer Default Rating (IDR) at B- with a positive outlook and viability rating (VR) at...
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BoC announces €19m net profit in Q3, €119m in nine months
Bank of Cyprus on Tuesday announced a third-quarter net profit of €19m, and €119m for the first nine months of the year, as it continued...
Bank of Cyprus to suspend new charges
The Bank of Cyprus (BoC) announced on Thursday it would suspend the introduction of new charges for its services due to be introduced in January...
‘Socially insensitive’ of BoC to hike charges after €100m handout for redundancies
A bank cannot dish out €100m in voluntary redundancies and pass that cost on to its customers “the next day” by massively hiking charges, ruling...
House threatens bank over increased charges
Lawmakers are urging banks to rethink a planned hike on commissions and charges which are poised to gouge customers, particularly those on lower incomes. Chair...
Neophytou declares war on new bank charges (Update 2)
The Bank of Cyprus came under fire from political parties and its customers on Friday after announcing increased commissions and charges, which for the most...
Daughter of late Venezuelan president Chavez moved money through BoC
The daughter of late Venezuelan President Hugo Chávez, suspected of money laundering, allegedly used an account at the Bank of Cyprus for transactions relating to...
Bank of Cyprus to shed 470 workers
The Bank of Cyprus announced on Thursday it would be shedding 470 jobs as part of a voluntary exit scheme, the fourth since 2013. In...
BoC exceeds 400 target for voluntary redundancies
More than 400 employees of the Bank of Cyprus have opted for the voluntary exit scheme offered by the lender, reports said on Friday. A...
Changes to pay policies in Cyprus’ banks ‘inevitable’, BoC chief says (Updated)
Changes pay policies in the banking sector are unavoidable, and banks will need to engage with the unions on the issue, Bank of Cyprus’ Chief...
Fitch revises Bank of Cyprus covered bonds’ outlook to positive, affirms at ‘A’
Fitch Ratings has on Wednesday revised Bank of Cyprus Public Company Limited’s (BoC, B-/Positive/B) conditional pass-through (CPT) mortgage covered bonds’ outlook to positive from stable...
BoC staff offered up to €200,000 tax-free in latest voluntary redundancy scheme
Bank of Cyprus on Friday unveiled its fourth voluntary retirement scheme since 2013 offering staff up to €200,000 tax-free with the aim of shedding 400...
Former BoC exec asks for acquittal, citing right to a fair trial
A former Bank of Cyprus executive asked the Nicosia criminal court on Thursday to acquit him of all charges on the grounds that his right...
Bank of Cyprus to offer voluntary retirement scheme
Bank of Cyprus will be announcing a new voluntary retirement scheme in bid to cut costs, the bank’s CEO Panicos Nicolaou said in an interview...
Bank of Cyprus to announce new VRS to rationalise cost base
Bank of Cyprus, the island’s largest lender, will announce soon a new voluntary retirement scheme in a bid to rationalise its cost, hit by negative...
Bank of Cyprus presents workshop on archival research skills
The Bank of Cyprus Cultural Foundation is organising an innovative workshop dedicated to developing skills on archival research. The workshop will run on October 4...
Bank calls off pensioner’s eviction after financial watchdog intervenes
The eviction by the Bank of Cyprus of an elderly Paphos resident was called off on Wednesday after the intervention of financial ombudsman Pavlos Ioannou....
BoC-Tepak agreement links past with the future
The largest private archive in Cyprus, the historical archive of the Bank of Cyprus, is to be digitised by the Cyprus University of Technology (Tepak)...
Bank of Cyprus to auction vehicles
The Bank of Cyprus will hold an auction of 65 vehicles on Tuesday, with prices starting from €150. It will take place at 3pm in...
BoC generates €97m net profit in 1H 2019
Bank of Cyprus said Tuesday it generated a €97m net profit in the first half of the year and €2m in the second quarter, as...
