ECB takes ‘dim view’ of pressure on CB boss
President Nicos Anastasiades and his administration were fully committed to safeguarding the independence of the Central Bank, the government spokesman said on Sunday, as the...
Demetriades
President’s criticism unjustified, CBC chief says
President Nicos Anastasiades’ criticism about him was unjustified, the Central Bank (CBC) governor said, as he warned that political interference in the regulator’s work did...
CBC rejects unlawful appointment claims
Central Bank (CBC) Governor Panicos Demetriades does not hold a paid position in any other organisation, the regulator said on Wednesday, as it rejected suggestions...
‘We were obliged to keep Laiki alive’ (FULL STORY)
By Poly Pantelides HAD THE state not supported the now-defunct Laiki bank in June last year, the island’s banking system would have collapsed and...
Our View: Many unanswered questions about the alleged solvency of Laiki
THE GOVERNOR of the Central Bank Panicos Demetriades, appearing before the investigative committee for the economy yesterday, insisted that Laiki Bank was solvent throughout...
Cyprus could have sought aid earlier to avoid pain: CBC
Central Bank Governor Panicos Demetriades said on Tuesday the upheaval of an international bailout in March could have been avoided if the island had petitioned...
IMF, EU inspectors start quizzing Cyprus on bailout progress
By Michele Kambas International lenders began reviewing how the island is meeting the conditions of it €10 billion bailout on Wednesday, looking to see whether...
AG says probe must extend to central bankers
By Elias Hazou ATTORNEY-general Petros Clerides has instructed police that an ongoing criminal probe into the near-collapse of the financial sector must extend to central...
Central Bank defends its use of ELA
THE CENTRAL Bank of Cyprus (CBC) defended itself yesterday against criticism that it authorised gratuitous emergency liquidity to Cypriot banks, thereby saddling the lenders with...
Debate rages over sale of Greek bank ops
By George Psyllides THE island lost billions from the sale of the Greek operations of Cypriot banks as part of a bailout agreement, lawmakers said...