Police identify potential criminal offences related to co-op loans
Police have identified some cases where potential criminal offences may have been committed in the granting of loans by the now-defunct cooperative bank, plus other...
co-op
Kedipes’ former Co-op assets transferred
The residual entities of the now-defunct Cyprus Cooperative Bank (CCB) have signed a deal involving the transfer of the former lender’s assets. In a statement,...
Mortgage-to-rent scheme planned to help vulnerable borrowers
The government will formally seek approval from the European Commission later this year to transform the successor entity to the failed co-op bank into an...
Police to probe 24 cases related to former co-op brass and staff
The finance ministry has conveyed to police 24 cases to investigate in relation with former co-op bank brass and staff, the House watchdog committee heard...
Kedipes likely to operate as ‘bad bank’ for NPLs next year
The European Commission is expected to grant state-owned asset management company Kedipes the necessary approval to operate as a bad bank during the second half...
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...
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...
