Disy-Akel clash over co-op, Laiki, as accusations fly (Updated)
POLITICIANS on Thursday seized the opportunity to try and score points off one another during an often-heated debate at the House plenum on the report...
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co-op probe
‘Preliminary conclusions’ reached on possible criminal offences in co-op debacle
The state Legal Service has arrived at certain preliminary conclusions relating to the possible commission of criminal offences in the collapse of the co-op bank,...
State attorneys poring over co-op probe findings
State attorneys have been poring over the findings of a probe into the collapse of the co-op bank trying to establish whether further investigation into...
Georgiades asks how co-op was allowed to operate the way it did up to 2013
By Elias Hazou and George Psyllides The government never expected to recuperate the money it invested in the ailing co-operative bank, Finance Minister Harris Georgiades...
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...
‘Star witnesses’ to testify next week at co-op probe
A number of ‘star witnesses’ will next week be testifying before the committee investigating the reasons for the demise of the Cyprus Co-op. Taking...
‘Not even God himself’ could remove political parties from co-ops (Updated)
By George Psyllides NOT even God himself could remove political parties from co-op banks, former minister Nicos Rolandis said on Friday, describing the sector as...
NPLs and run on deposits helped bring down Co-op, probe hears
The delay in dealing with non-performing loans and the run on deposits are the main reasons that caused the collapse of the co-op bank, which...
Sale of Co-op to Hellenic was ‘the best solution’ expert says
By George Psyllides The sale of certain parts of the co-op bank to Hellenic was the best solution, a professional services official told an inquiry...
NPLs were not the cause of the Co-op’s failure, former boss says
A former director of the Central Cooperative Bank, the predecessor of the failed state-owned Cyprus Cooperative Bank, said the Co-op’s situation with delinquent loans was...
Nouy’s ‘non’ stuns committee probing Co-op failure
By Stelios Orphanides The chairwoman of the European Central Bank’s (ECB) Single Supervisory Mechanism (SSM) Daniele Nouy will not testify at the committee probing the...
Former Co-op chairman Stavrou blames competitor for bank’s failure (Updated)
By Stelios Orphanides The former chairman of the Co-op Demetris Stavrou told investigators probing the collapse of the government-bailed out bank that the lender fell...
Investigators to interview eight Co-op officials next week
By Stelios Orphanides The committee investigating the failure of the Cyprus Cooperative Bank announced on Friday the next round of interviews of former and current Co-op officials,...
Co-op wasted time on trivia, former board member says
By Stelios Orphanides A Cyprus Cooperative Bank board member said that the bank wasted too much time on trivia which ultimately prevented it from implementing...
Executive says mission to save Co-op was impossible (Updated)
By Stelios Orphanides A Co-op executive told the committee investigating the failure of the Cyprus Cooperative Bank that the lender could have made it if...
Co-op official slams ECB over vetoing CSE listing
By Stelios Orphanides Former Co-op board member Kypros Ellinas told investigators on Thursday that bank’s plan for a listing of its share that would have otherwise allowed...
Ministry official says past sins brought down the Co-op (Updated)
A finance ministry official who served on the Co-op’s board of directors said on Wednesday the lender went down mainly because of problems it...
‘They didn’t want us to audit them’, Michaelides tells probe of ‘fierce resistance’
By Stelios Orphanides Auditor-general Odysseas Michaelides said on Thursday the finance ministry had done “whatever it could” to prevent an audit of the failed Co-op and...
Co-op executive Stavrinides says his role was advisory
By Stelios Orphanides The head of strategy and communications of the state-owned Co-op Yiannos Stavrinides said that he had an “exclusively advisory” role at the...
Ex Co-op member says board was not sufficiently independent (Updated)
By Stelios Orphanides Susanna Poyiadji, a former member of the board of directors of the Co-op, said on Tuesday the failed bank’s board had not...