Saving co-op might have been less of a tax burden says CBC chief
Though on the brink of collapse, the co-operative bank might well have been salvaged had the state thrown more money at it at the right...
CCB
Ex Co-op execs say probe panelist had conflict of interest
THREE former senior officials with the Cyprus Cooperative Bank (CCB) are taking legal action seeking to have the entire investigation into the bank’s demise declared...
Tales from the Coffeeshop: Was the collapse of the Co-op a conspiracy theory?
WAS THE collapse of the Cooperative Central Bank (CCB) a well-plotted conspiracy aimed at boosting the size of Hellenic Bank? This is what a skettos-drinker...
Our View: Finance Minister’s CCB role deals his reputation a blow
Finance minister Harris Georgiades has not exactly improved his standing with his handling of the Cyprus Cooperative Bank, which was under his authority for the...
Altamira deal signed “at gunpoint” former Co-op non-exec says
Former Co-op board member Adonis Pegasiou on Tuesday told an investigative committee that the bank’s decision to enter an agreement with Spain’s Altamira was taken...
Co-op deducts €2 million in interest calculation error
The Cyprus Cooperative Bank (CCB) has made adjustments to some clients’ accounts, extracting funds from them in order to ‘correct’ an earlier accounting mistake. The...
Our View: The Co-op show unlikely to reveal anyone to blame
It’s show-time folks. These should be the first words spoken every time the authorities announce there will be an investigation into something that went badly...
Our View: ‘Banking with human face’ brought down Co-op, not government
All the political parties have been shedding tears for the Cyprus Co-operative Bank since the government finalised its dissolution and the ‘sale’ of its allegedly...
Sale of Co-op operations not state aid, EU Commission says
The European Commission said on Tuesday it approved the government’s decision to inject additional public funds into the Cyprus Cooperative Bank and the sale of...
Government stresses need to solve problem of NPLs
Government Spokesman Prodromos Prodromou stressed the need for a solution to the problem of Non-Performing Loans in Cyprus on Sunday. He was replying to questions...
Our View: Hard to swallow government’s CCB line
The government seemed very proud of its decision to pump another €2.5 billion into the Cyprus Cooperative Bank (CCB) last week. The deposit was in...
Government tries to allay fears of co-op customers
By Elias Hazou The government on Monday said it was moving to shore up confidence in the Cyprus Cooperative Bank (CCB) as depositors pulled more...
CCB audit hampered, findings possibly flawed, auditor says
Auditing the Central Co-operative Bank (CCB) was exceptionally difficult because the audit service’s access was restricted and there was a possibility that its findings would...
Co-op employees threaten to step up strike measures
Unions threatened on Tuesday to escalate industrial action if the management of the co-operative central bank (CCB) failed to respond to their invitation to dialogue...
Etyk to push for same terms for Co-op workers
Bank employees’ union Etyk aims to gradually equate the terms of employment for its members at the Co-operative network, with the ultimate goal of a...
Government to give depositors, borrowers 25% in Co-op
The government has decided to hand over 25 per cent of the state-owned Cooperative Central Bank (CCB) to its customers free of charge, Finance Minister...
CCB records €7m profit
The central cooperative bank (CCB) said on Tuesday it has recorded a net profit of €7m in 2016 even after raising its provisions for bad...
Farmers want to regain control of bailed out Co-op
Cypriot farmers’ unions want to regain ownership of the bailed out Cooperative Central Bank (CCB) including subsidiaries they mismanaged in the past as the government...
CySEC approves Co-op’s prospectus ahead of CSE listing
The Cooperative Central Bank said that the Cyprus Securities and Exchange Commission approved on Thursday the government-owned lender’s prospectus ahead of its intended listing on...
Our View: Both sides are kind of right in CCB battle
Attorney-General Costas Clerides should have thought twice before issuing an announcement publicly accusing Finance Minister Harris Georgiades of showing contempt for the opinion of the...