Public funds drop to €1.4bn, BoC’s ELA to €1.3bn in September
The government’s deposits at the central bank stood at €1.4bn, compared to €1.6bn in August, the Central Bank of Cyprus said. In addition, Bank of...
ELA
BoC fighting to restore health
By Stelios Orphanides Bank of Cyprus, the island’s largest lender, is on Tuesday holding its annual general meeting after undergoing an unprecedented transformation over the...
Government funds rise to €1.9bn in July, central bank says 0
Cyprus’s government had at the end of July almost €1.9bn deposited at the Central Bank of Cyprus up from €976.4m the month before, the bank...
BoC outstanding ELA drops to €2.4bn after repayment of €0.4m in June
Bank of Cyprus’ outstanding emergency liquidity fell in June to €2.4bn or below compared with €2.8bn in May, after it repaid more than €9bn over...
Government deposits at €1.1bn in May, BoC’s ELA drops to €2.8bn, central bank says
The Central Bank of Cyprus said the general government’s cash reserves stood at €1.1bn at the end of May, down by €89m from April. Outstanding...
BoC’s ELA drops to €3.2bn or below
Bank of Cyprus’s outstanding European Central Bank emergency liquidity fell to €3.2bn or below at the end of April, the first month following the completion...
BoC reduces ELA to €3.3bn, central bank says
Bank of Cyprus’s outstanding emergency liquidity assistance from the European Central Bank fell to €3.3bn or below in March from €3.4bn or below in February,...
London listing would be ‘turning point’ for BoC, senior bank official says
Bank of Cyprus move to secure a premium listing on the London Stock Exchange (LSE) could be considered a turning point for Cyprus` largest lender,...
BoC to reduce ELA to €3.8bn as government repays Laiki bond
By Stelios Orphanides Bank of Cyprus said that the government will fully repay the €340m of the outstanding bond initially issued to recapitalise Cyprus Popular...
BoC’s ELA drops below €6bln
By Stelios Orphanides Bank of Cyprus’s outstanding emergency liquidity assistance to the Central Bank of Cyprus fell for the first time since March 2013 below...
BoC ELA drops to €5.9bn
By Stelios Orphanides Bank of Cyprus said that it paid back a total of €500m in emergency liquidity funding and an additional amount of €260m...
Request to turn BOC’s ELA in long-term loan submitted twice to Draghi
By Stelios Orphanides President Nicos Anastasiades said that European Central Bank received twice a request to turn Bank of Cyprus’s emergency liquidity assistance to a...
BoC could resort to ELA to replace cheaper funding
By Stelios Orphanides Bank of Cyprus may have to replace up to 800 million euros in cheaper funding from the European Central Bank with mostly...
Personal, political agendas bankrupted Cyprus, report says (updated)
By Stelios Orphanides Failed lender Cyprus Popular Bank remained in operation until March 2013, even as authorities in both Nicosia and Frankfurt knew it was...
ECB emergency funding to Cypriot banks remains unchanged
The European Central Bank’s (ECB) emergency liquidity assistance (ELA) to Cypriot banks remained unchanged at €7.68 billion in October, figures released by Central Bank of...
Demetriades had final say on ELA collateral evaluation
By Stelios Orphanides THE FINAL decision on the value at which the Central Bank of Cyprus evaluated collateral it offered to the European Central Bank...
ELA violated many rules
By George Markides IN MARCH 2013, the European Central Bank (ECB) issued an ultimatum to Cypriot authorities to accept a bailout package by March 25...
ECB ready to help Cyprus
The European Central Bank (ECB) has expressed its readiness to assist Cypriot authorities in their effort to resolve the banking sector’s remaining problems, it was...
Govt to pay BoC €950 million
By Angelos Anastasiou The government plans to pay Bank of Cyprus (BoC) €950 million, in partial repayment of a government bond of €1.8 billion issued...
Bank of Cyprus’ emergency liquidity funding declines by €170 million in May
The Bank of Cyprus’ emergency liquidity assistance (ELA) declined by €170 million in May, figures released by the Central Bank of Cyprus show. The ELA...