Kato Polemidia and Famagusta council in emotional tussle over old co-op building (Updated)
Kato Polemidia municipal councillors in Limassol on Wednesday broke into and took over an old co-op bank in protest against a government decision to give...
co-op
PEPs with bad debts at former co-op published
Parliament on Monday published a list of the names of politically exposed persons (PEPs) with bad debts at the former co-op bank, which includes mostly...
MPs to decide next month whether to publish co-op PEP list
Parliament will decide during one of its next sessions, possibly next month, on whether to publish a list with the names of politically exposed persons...
Government spokesman denies link to Altamira deal
Government spokesman Kyriacos Koushos denied on Friday that the law firm he was a partner in had drafted the agreement to hand over the management...
Audit boss says state’s deal with Altamira a ‘major scandal’
In 2017 the now-defunct cooperative bank – run by the state at the time – signed a no-bid contract with asset management outfit Altamira by...
Disy MPs walk out of House bad loans meeting (Updated)
A House watchdog committee meeting scheduled to discuss the demise of the co-op bank on Thursday was marked by ruling Disy MPs walking out citing...
Window closing fast for civil lawsuits in co-op demise
Lawmakers heard Thursday that the window was fast closing for the filing of civil lawsuits over the demise of the co-operative bank, while the police...
Former co-op buildings in Dherynia renovated for use by residents
Fulfilling a long-standing request by Dherynia Municipality, four buildings that belonged to the now defunct co-op have been renovated to be used by the town’s...
Former co-op employee jailed for seven years for embezzling almost €700,000
A former co-op employee was sentenced to seven years in jail on Friday by the Nicosia criminal court after she was found guilty on 257...
Union calls strike at Hellenic bank
Bank employees’ union Etyk has called a 24-hour strike at Hellenic Bank for next Friday, accusing the company of reneging on prior commitments made to...
Public debt grew €2.6bn in 2018 due to co-op collapse
Public debt grew by €2.6bn in 2018 primarily due to the state offering government bonds to Hellenic Bank as part of a deal where the...
‘Dozens of rural communities left without banking services’
MAIN opposition Akel has again highlighted the issue of the ongoing closure of bank branches formerly operated by the Cyprus Cooperative Bank (CCB) and since...
Integration of former Co-op and Hellenic Bank to be completed on Monday
The integration process of Cyprus Cooperative Bank (CCB) and Hellenic Bank will be completed on Monday, a year after the acquisition of the former by...
State-owned asset-management company brings in €288m in its first 10 months
The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following...
AG orders criminal probe into co-op demise
The attorney-general has instructed the chief of police to launch a criminal probe into certain issues highlighted by an inquiry into the collapse of the...
MPs delay bills on NPL disclosures
LAWMAKERS on Thursday kicked the can down the road on legislation that would oblige them, the president and ministers to declare whether they have non-performing...
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...
Handling of co-op bank ‘not too bad’
Decisions regarding the co-op bank in Cyprus might have been different, a senior European Commission official told MPs on Tuesday, but noted that the option...
Our View: Govt should ignore irrational demand for co-op assets
A CROWD of a couple of thousand people marched to the presidential palace on Wednesday evening to demand that the president and the government ensured...
‘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,...