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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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...
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...
Fitch downgrades BoC’s Senior Unsecured Debt Rating
Fitch Ratings said that it had downgraded Bank of Cyprus `long-term senior unsecured debt rating to `CCC` from `B-` and Recovery Rating to `RR6` from...
BoC leadership change will not slow momentum going forward
Outgoing Bank of Cyprus (BoC) chairman Josef Ackermann and CEO John Patrick Hourcian on Tuesday said the change in leadership at the lender would not...
Sparks fly in court between AG and prominent lawyer in BoC case
Attorney-general Costas Clerides exchanged angry words in court on Friday with prominent attorney Polys Polyviou whose law firm had been at the centre of allegations...
BoC helps establish Medical Oncology Chair at UCy
Following an endowment from Bank of Cyprus (BoC), a new Chair is being created at the University of Cyprus, the Medical Oncology Chair, it was...
Legal fracas over BoC lances the boil of the old guard
By Demetris Theodorou Cousins, god-siblings and koumbaroi in the legal world are having a spectacular falling out, divided among themselves into what has become one...
BoC to shutter 15 branches, no redundancies
Bank of Cyprus said it plans to shutter 15 branches as part of restructuring but no jobs will be lost at this stage, it emerged...
BoC: nothing unusual in supreme-court link to out-of-court settlement
BANK of Cyprus reaches out-of-court settlements in hundreds of lawsuits brought against it, and there is therefore nothing unusual about the case involving relatives of...
Court acquits former Bank of Cyprus executives
The Nicosia criminal court on Friday acquitted two former bank executives of charges relating to market manipulation but a trial will take place for five...
BoC completes sale of its UK subsidiaries
Bank of Cyprus announced on Friday it had completed the sale of its wholly owned subsidiary bank in the UK, Bank of Cyprus UK Limited...
BoC chairman warns of risk of new financial crisis
By Annette Chrysostomou Although the European banking sector is safer now than it was 10 years ago, there is always the risk of another financial...
CySEC disagrees with supreme court over Eliades, BoC decision
After the attorney-general, the island’s securities and exchange commission (CySEC) also expressed its disagreement over a Supreme Court decision that acquitted a top banker on...
S&P affirms its `B/B` credit ratings on Bank of Cyprus Public
S&P Global Ratings said it affirmed its `B/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC). The outlook is positive....
BoC announces appointment of Maria Philippou as BoD member
By Stelios Orphanides Bank of Cyprus, the island’s largest lender, said that the European Central Bank approved on Monday the appointment of Maria Philippou as member of...
Three US firms eying €5bn in BoC NPLs
By Stelios Orphanides Three US financial asset management companies are considering buying up to €5bn in non-performing loans from Bank of Cyprus as part of...
Administrative Court cancels watchdog’s €18.1m fine on BoC
By Stelios Orphanides The Administrative Court cancelled a decision of the competition watchdog to fine JCC Payment Systems €1.7m and Bank of Cyprus €18.1m, citing...
Spokesperson says Vekselberg did not sell stake in BοC
Victor Vekselberg, the main shareholder of the Bank of Cyprus, has not sold his 9.3 per cent stake in the bank, his spokesman said on...
