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...
Bank of Cyprus
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...
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...
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...
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...
Bank of Cyprus largely saved the economy after 1974
By Evdokimos Xenophontos In 1974 foreign banks were totally unwilling to participate in financing the Cyprus economy. It was up to the banking authorities, the...
Bank of Cyprus ‘at mercy’ of private equity firm
Government rushes to pass bill to prevent takeover of systemic bank The government is faced with a race against time to ensure it has the...
Bank of Cyprus ‘unequivocally’ rejects Lone Star’s takeover proposal (Updated)
Bank of Cyprus (BoC) said on Friday it had received and unanimously rejected “unequivocally” three unsolicited, conditional, non-binding proposals from Lone Star relating to a...
S&P affirms Bank of Cyprus at B+/B with a positive outlook
International rating agency S&P Global Ratings this week announced that it has affirmed its ‘B+/B’ long- and short-term issuer credit ratings for the Bank of...
Bank of Cyprus announces voluntary retirement scheme
The Bank of Cyprus on Monday announced that it will implement a voluntary retirement scheme that will seek to reduce its staff by 15 per...
