Government still working on privatising CSE, Troodos residences
The government is planning to undertake a few more steps towards privatising a number of assets before its term expires in February even after the...
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Coop appoints Citigroup to coordinate capital increase
The state-owned Cyprus Cooperative Bank said that it selected US lender Citigroup to act as global coordinator in its planned capital increase, which is part...
Co-op to hire global investment banks to help with capital increase
The state-owned Cyprus Cooperative Bank is considering hiring at least one globally operating investment bank to assist with its planned capital increase, the Cyprus News...
Co-op stock donation to have a fiscal impact, treasury says (updated)
The handover of 25 per cent of Cooperative Central Bank stock to its depositors and borrowers, which the government decided on May 31, may...
Georgiades says economy still not out of the woods
Finance minister Harris Georgiades said that Cyprus has a long way to go before overcoming the effects of the fiscal and banking crisis of the...
Hellenic Bank posts a loss of €62.7m in 2016 (Update)
Hellenic Bank, Cyprus’s third largest lender, said that it generated an after-tax loss of €62.7m in 2016 compared to a net profit of €13m in...
BOC London listing showing the way for more Cypriot companies, broker says
A week following the listing of Bank of Cyprus’s share on the London Stock Exchange (LSE) the balance has been positive, showing the way for...
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...
CySEC suspends Louis from CSE trading
The Cyprus Securities and Exchange Commission said that it decided to suspend the trading of the share hotel and cruise ship operator Louis Plc at...
BoC mulls setting up London holding company ahead of LSE listing (Updated)
(Adds Bank of Cyprus comment in first paragraph) By Stelios Orphanides Bank of Cyprus, Cyprus’s largest lender said it is considering the incorporation of a...
BOC to pursue LSE listing, remain at CSE, ditch Athens
Bank of Cyprus, the island’s largest lender, said that it intends to pursue a premium listing at the London Stock Exchange, maintain its listing at...
CSE post-bailout capitalisation rises to €2.5bn
The current capitalisation of the listed companies on the Cyprus Stock Exchange rose 56 per cent during the post-crisis years to almost €2.5bn from below...
CSE mulls Islamic bonds
The Cyprus Stock Exchange is engaged in talks with foreign bourses in a bid to list Islamic bonds on the Cypriot stock market, CSE CEO...
Wilbur Ross increases stake in BoC
By Stelios Orphanides Bank of Cyprus’s vice chairman Wilbur Ross acquired on Wednesday a total of 6,363,050 shares of the lender’s share via the WLR...
House passes bill on CSE transfers
A government-inspired bill affording the finance minister the right to authorise secondments of staff from the Cyprus Stock Exchange (CSE) to the Cyprus Securities and...
CSE rubbishes Papadopoulos ‘stock exchange link’
By George Psyllides There was more controversy regarding DIKO chairman Nicolas Papadopoulos on Friday, after a report that he had done work for the stock...
Listing companies awaiting privatisation may revitalise investor interest in CSE
By Stelios Orphanides The privatisation of state-owned companies has to go through the Cyprus Stock Exchange in order to make the process more transparent and...
BoC shares to resume trading on December 16
Bank of Cyprus shares will resume trading on the Cyprus Stock Exchange (CSE) on December 16. According to a CSE announcement the shares will be...
CY sells logo, brand rights to government for €1.2m, pilots furious (Update)
By Constantinos Psillides Cyprus Airways has sold its moufflon logo and airline branding for €1.2m to the government. In an announcement to the Cyprus Stock...
Cyprus Stock Exchange approves BOC share listing
By Marie Kambas The Cyprus Stock Exchange approved the listing of 8,904,425,940 new ordinary shares of Bank of Cyprus, the island’s largest lender, the exchange...