State appeals co-op bank acquittals
The attorney-general filed appeals Thursday against a recent criminal court decision, which acquitted all defendants of fraud charges relating to loans secured from the Strovolos...
Co-op bank
Our View: The curious resurrection of the co-op demise
Have the political parties run out of issues to feed their populist rhetoric and at the same time attack the government and so decided to...
Kedipes cash inflows dip to lowest point
During the second quarter of this year the Cyprus Asset Management Company’s (Kedipes) cash inflows dipped to their lowest point since the entity’s inception. In...
MPs squabble over 2108 co-op-Hellenic deal
A relatively inconsequential regulation discussed in parliament on Monday served to reignite controversy over a 2018 deal where the state-owned cooperative bank was sold to...
State-owned company told – again – to come clean over loans to politically exposed persons
The attorney-general has reaffirmed the state-owned asset management company’s (Kedipes) obligation to hand over information as part of a probe into the possibility of the...
State co-op asset management agency reports €180m in NPL revenues
The state-owned Cyprus Asset Management Company (Kedipes), established to administer whatever assets were not sold to Hellenic Bank after the Co-op Bank was shuttered, reported...
Opposition parties want finance minister’s resignation (Updated)
Following a stormy debate, parliament on Friday passed a resolution by majority vote calling on the finance minister to resign over the demise of the...
President stands by Finance Minister in co-op fracas (Update)
PRESIDENT Nicos Anastasiades on Thursday evening threw his weight behind his finance minister, dismissing calls for the minister’s removal following a damning report about the...
Government admits some co-op properties were sold, defying promises
THE government on Thursday admitted the sale-for-cash of certain properties belonging to the now-defunct co-operative bank, but also said it has put an end to...
Bad loans decline through co-op deal a credit positive, Moody’s says
Moody’s rating agency said the decline of non-performing exposures (NPEs) by €5.6bn, or 33.6 per cent, stemming from the resolution of the co-operative bank (CCB)...
