Tales from the Coffeeshop: Kick-ass leaders finally take helm at BoC
THE BANK of Cyprus finally has a board representing it new shareholders, but looking at its composition it would be no exaggeration to say that...
BOC
Cyprus prepared to compensate bailed-in depositors
Cyprus will try to compensate Russian bank depositors who lost cash as part of the terms of the island’s €10 billion bailout, President Nicos Anastasiades...
BoC shareholders elect new board
By George Psyllides BANK OF Cyprus (BoC) shareholders on Tuesday elected a new board — which includes six foreign nationals, one reportedly a former KGB...
Big day looms for BoC
By Elias Hazou BANK OF Cyprus (BoC) shareholders is set to elect a new board of directors on Tuesday after the beleaguered lender’s exit from...
BoC publishes names of board candidates
Bank of Cyprus (BoC) on Thursday published the names of the candidates who will compete for a place on its board during a vote scheduled...
Church withdraws application for BoC vote injunction
The Church of Cyprus has withdrawn an application for a court order banning the administrator of the now defunct Laiki Bank from voting at a...
Court to rule Tuesday on BoC injunction
By George Psyllides THE NICOSIA district court will announce its decision on Tuesday regarding an application for an injunction banning the administrator of the now...
House to hold extraordinary session on CBC chief’s ‘super powers’
Parliament will convene in an extraordinary meeting next week to discuss and vote on a bill seeking to amend the law on the resolution...
‘We were obliged to keep Laiki alive’ (FULL STORY)
By Poly Pantelides HAD THE state not supported the now-defunct Laiki bank in June last year, the island’s banking system would have collapsed and...
The road back from zero trust
By George Psyllides BANK OF Cyprus (BoC) may have officially come out of administration and look ‘healthy enough’ in black and white after seizing 47.5...
BoC to elect new board next month
Bank of Cyprus (BoC) said on Thursday its new board will be elected on September 10, during the lender’s annual general meeting. The names of...
Our View: The consequences are too huge for BoC to become the new CyProb
THE BANK of Cyprus, it is fair to say, has become the new Cyprus problem. It has not only been on the front pages of...
Archbishop disapproves of BoC goings-on
Archbishop Chrysostomos on Wednesday expressed his disapproval of proceedings in the Bank of Cyprus and suggested that shareholders should let him represent them so that...
Cypriots challenge bail-in to fight for lost savings
By Michele Kambas WITHIN ONE week in June, Cypriot Andrew Georgiou suffered a massive heart attack and his father was diagnosed with leukaemia, just...
One quarter of BoC staff applied for voluntary retirement
Bank of Cyprus said on Friday that a quarter of its staff had applied for a voluntary retirement programme that would help cut its annual...
Bank employees union endorses wage cuts
BANK employees union ETYK on Thursday night endorsed a proposal for wage cuts for all workers except those from the Bank of Cyprus (BoC)....
BoC given access to cheaper refinancing
By Elias Hazou THE EUROPEAN Central Bank yesterday gave troubled lender Bank of Cyprus (BoC) the green light to resume drawing liquidity from the...
BoC deposit haircut is 47.5 per cent, says Central Bank
The Central Bank said on Tuesday 47.5 per cent of deposits over €100,000 in Bank of Cyprus would be converted into shares to recapitalise the troubled...
Our View: BoC cannot afford to hold on to assets until a better day
IN A MARKET economy, the fate of businesses that fail is bankruptcy. If a business cannot pay its creditors, suppliers or banks, bankruptcy proceedings could...