‘Welcome to the new normal’
As of Tuesday, corporate clients will pay a fee on their deposits, which will end up affecting consumers ultimately By Elias Hazou AS OF Tuesday,...
Home » bank
bank
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...
Limassol bank robbery foiled (updated)
Limassol police were seeking two men on Friday whose plans to rob a bank were foiled earlier in the day when a sledgehammer was found...
Malaysian central bank says foiled attempted cyber-heist
Malaysia’s central bank said on Thursday it had foiled a cyber attack in which fraudulent messages to transfer funds were sent on the SWIFT transactions...
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...
New legislation for housing loans
New legislation was put into force in May regarding the granting of housing loans to consumers, bringing Cyprus in line with an EU Directive, introducing...
Bases destroy ordnance
British bases authorities said on Tuesday they were conducting a series of controlled explosions to destroy unused ordnance. The explosions were being carried out at...
Bank suspends eviction order following protests (Updated)
Following protests, a bank on Wednesday suspended an eviction order of a woman in Limassol, who reportedly owes around €80,000. Representatives of the movement against...
Hellenic pulls plug on investment subsidiary
Hellenic Bank said its board decided on Tuesday to wind down the operations of its retail brokerage service subsidiary Hellenic Bank Investments Ltd (HBI) effective...
Central Bank fines Ukraine’s Privat Bank €1.5m on money laundering
By Stelios Orphanides The Central Bank of Cyprus said that it fined the Cyprus branch of Ukraine’s Privat Bank more than €1.5m for violating the...
Cyprus in race against time to repatriate FBME funds
Cyprus is in a race against time to avert the loss of money held by depositors in accounts at the FBME Bank (Cyprus) Ltd which...
Omonia loan was sorted in a matter of minutes, court hears
RCB bank boss Kiril Zimarin was aware of the reason contractor Miltiades Neophytou visited him in December 2011 and arranged for the €2 million loan...
Couple face trial over safety deposit box thefts
A Larnaca couple suspected of stealing close to €500,000 in cash and valuables from bank safety deposit boxes have been referred for trial by the...
Co-op bank to launch voluntary retirement scheme, unions angered
The Co-op Bank is to announce an early retirement scheme next week aimed at reducing staff by 100 employees it emerged on Friday. Speaking to...
Tiny German bank breaks taboo by charging rich clients for deposits
A small cooperative bank in the Bavarian Alps is breaking a German taboo by charging wealthy clients to deposit their money following the European Central...
BoC’s Ackermann urges EU to pledge financial support for solution
The potential reunification of Cyprus affords the EU the opportunity to demonstrate its ideals and value of its policy, Bank of Cyprus chairman Josef Ackermann...
Moody’s upgrades bank outlook to positive from stable
Moody’s ratings agency has changed its outlook on the Cypriot banking system to positive from stable, reflecting its view that the country’s economic recovery will...
Hourican encourages internal whistle-blowing at BoC, source says
Workers at Bank of Cyprus are encouraged to report colleagues performing their duties negligently or irregularly to the bank’s internal auditors, a source said. Whistle-blowers...
ETYK says BOC new VRS “balanced & decent”
Bank workers’ union ETYK said that Bank of Cyprus’s latest voluntary retirement scheme, the third offered to employees this year, aiming at avoiding involuntary redundancies...
Coop bank issues new shares ahead of CSE listing
The Cooperative Central Bank issued a total of 331,431,090 shares to the government-owned Recapitalisation Fund which is now owner of almost 21.9 per cent of...
