Bank of Piraeus appoints new board, Shadi Karam as new chair
Bank of Piraeus (Cyprus) Ltd, in which Lebanon’s Holding M. Sehnaoui SAL acquired an 82 per cent stake, said Shadi Karam, a former vice-president of...
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Acting CTO director to be demoted over offensive comments
THE board of the Cyprus Tourism Organisation has decided to strip acting director Annita Demetriadou of her title and duties over offensive remarks she made...
CTO ‘dirty laundry’ being aired
THE transcript of a secretly-recorded board meeting of the Cyprus Tourism Organisation (CTO), which heard former Amsterdam chief Kleanthis Evripidou’s side of the story on...
Bank of Cyprus to keep board remuneration unchanged
The Bank of Cyprus board of directors proposed leaving the remuneration of its members unchanged following last year’s increase, the bank said. If shareholders approve...
Former long-time BoC chairman dies aged 84
Solon Triantafyllides, a former long-time Bank of Cyprus (BoC) chairman and board member has died aged 84 after a long illness, it was announced on...
Ousted OSEL board member reappoints himself
Tasos Michaelides, a major shareholder in the scandal-rocked Nicosia bus company OSEL, on Thursday re-appointed himself to the board of the company hours after shareholders...
Teacher’s complaints an internal affair, says English School board
By Andria Kades The English School has denied that an internal investigation regarding a male member of staff, who has now taken his complaint to...
Cabinet reshuffles CY board (updated)
By George Psyllides The government on Wednesday reshuffled the board of the island’s ailing national carrier, appointing three civil servants in an effort to make...
CY board absent in time of crisis
Cyprus Airways (CY) chairman Makis Constantinides said on Friday he could not get the necessary number of board members to meet and discuss a plan...
Ackermann, Ross and Strzhalkovskiy elected to BoC board
Bank of Cyprus shareholders elected former Deutsche Bank’s Josef Ackermann, US billionaire Wilbur Ross and Russian Vladimir Strzhalkovskiy to the new board on Thursday. The...
Papadopoulos: government pulling the strings at BoC
THE government yesterday waved off claims by DIKO leader Nicholas Papadopoulos, who insisted chicanery was afoot in the coming shakeup at the Bank of Cyprus...
Cyprus’ Coca-Cola moment
By Angelos Anastasiou AMERICAN billionaire investor Wilbur Ross and hedge fund Tyrus Capital, who control a combined 22 per cent of the Bank of Cyprus,...
BoC board told to quit, green light for Ross
By Constantinos Psillides CENTRAL Bank of Cyprus (CBC) Governor Chrystalla Georghadji sent a letter to the board of Bank of Cyprus (BoC) on Monday, asking...
Why Bank of Cyprus needs additional capital
By George Markides IN LESS THAN one and a half years after Bank of Cyprus seized deposits to recapitalise itself, it is seeking at least...
Central bank issues ultimatum
By Angelos Anastasiou Much to Archbishop Chrysostomos’ annoyance, Governor of the Central Bank of Cyprus Chrystalla Georghadji has turned up the heat on the Bank...
No decision yet on capital increase: BoC
No decision has been taken by the board to raise the lender’s share capital, the Bank of Cyprus (BoC) said on Thursday, responding to media...
Auditor-general eyes actions of former CyTA board
By Elias Hazou AUDITOR-general Odysseas Michaelides has indicated that the previous board of telecoms utility CyTA may be liable for criminal and civil offences, and...
Kyperounda co-op board fined €5,000 each
The six members of the board of Kyperounda co-op who were taken into custody on Thursday were on Monday fined €5,000 each by the Limassol...
Kyperounta co-op board taken into custody
By Angelos Anastasiou THE entire executive board of the Kyperounta co-operative credit institution (CCI), comprising its five members and the chairman have been taken into...
BoC board member resigns
Bank of Cyprus (BoC) on Wednesday announced the resignation of Igor Lojevsky from the lender’s board of directors. Lojevsky submitted his resignation on Tuesday and...