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...
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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...
Bank of Cyprus appoints new CEO
Bank of Cyprus announced Tuesday the appointment of Panicos Nicolaou as the lender’s new CEO. Nicolaou will officially assume his duties on September 1. In...
Bank of Cyprus’ future decisive for whole economy says new CEO
Bank of Cyprus is at a turning point and its decisions will be decisive not only for the lender but the entire economy, CEO-designate Panicos...
Bank of Cyprus sells Nicosia Mall
Bank of Cyprus has come to an agreement to sell its share in the Nicosia Mall for around €96m, reports said. Bank of Cyprus moved...
Court to examine pretrial objection of former BoC execs seeking acquittal
THE Nicosia criminal court said on Thursday it will examine a pretrial objection in a case against former Bank of Cyprus executives, similar to one...
Top lawyer calls AG ‘a disgrace’ during courtroom spat (update 2)
By Evie Andreou Attorney-general Costas Clerides and lawyer Polys Polyviou clashed again in the courtroom on Wednesday with the latter calling the former “a disgrace”...
BoC defendants cannot be let off in same way as in prior trial
The context considered in a pretrial motion that got two former bank executives acquitted of market manipulation charges cannot apply to other defendants, the Nicosia...
BoC looking at more automation, cost-cutting, bank tells staff
Shifting to an increasingly automated environment, reduced red tape, and simplified processes created opportunities for cutting labour cost, an issue that the Bank of Cyprus...
BoC completes sale of NPLs
Bank of Cyprus announced Friday the completion of the sale of €2.7bn non-performing loans known as Project Helix for €2.1bn. In a statement, the lender...
