Parliament to force BOC to include bailed-in depositors in BoD
The parliament will vote on Thursday on a draft bill which provides for the participation of representatives of bailed-in depositors on banks’ board of directors,...
BOC
Granting unsecured loans always possible, former banker says
Banks can extend unsecured loans to customers without getting noticed by their board of directors or supervisory authorities, and the ability depends on the level...
London listing would be ‘turning point’ for BoC, senior bank official says
Bank of Cyprus move to secure a premium listing on the London Stock Exchange (LSE) could be considered a turning point for Cyprus` largest lender,...
BOC to pursue LSE listing, remain at CSE, ditch Athens
Bank of Cyprus, the island’s largest lender, said that it intends to pursue a premium listing at the London Stock Exchange, maintain its listing at...
Defence says prosecution arguments fall short in BoC case
THE evidence heard in court falls well short of demonstrating that the five former Bank of Cyprus (BoC) senior officers conspired to defraud investors by...
BoC voluntary retirement scheme fails to meet expectations
The improved terms of the voluntary retirement scheme Bank of Cyprus offered its workers, managed to attract a marginally higher number of employees compared to...
BoC appoints administrator at A&S Stephanides as NPLs mount
Bank of Cyprus has taken over the administration of jewellery and luxury goods trader company A&S Stephanides Trading Ltd as the company is unable to...
Βanks need to inject healthy loans to avoid increased provisions
Cypriot banks need to inject fresh, healthy lending into the economy in order to support growth and so help job creation which will reduce non-performing...
First foreclosure auctions in July – reports
The first foreclosed properties are to go under the hammer in July and will involve around 25 Bank of Cyprus cases of commercial real estate...
BOC posts net loss of €438m in 2015 as 90 days plus loans drop considerably (Updated)
Bank of Cyprus, the island’s largest lender said that it generated an after tax loss of €438m in 2015 mainly on increased provisions on impairments...
