Bank of Cyprus CEO Hourican to leave in September (update 3)
THE Bank of Cyprus is in the strongest capital position it has been within living memory and has clear plans to complete its recovery, six
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Hourican says confidence in BoC improved dramatically
Bank of Cyprus’s chief executive officer John Hourican said confidence in the bank has improved “dramatically” over the past years in which the lender performed
Hourican announces more action to reduce NPLs
Bank of Cyprus chief executive John Patrick Hourican said that the lender is considering unspecified steps to accelerate the reduction of its “monstrous” non-performing loans
Bank of Cyprus CEO expects modest profitability, says LSE listing “right place” for stock
The Bank of Cyprus, the island’s largest lender, expects modest profitability in the coming quarters as its turnaround unfolds but will not resume dividend payment
Hourican says reunification offers opportunities to BOC
As Bank of Cyprus prepares for its London listing, the island’s reunification would be an opportunity for the lender to gain new customers and reclaim
BoC announces new organisational structure
The Bank of Cyprus Group on Thursday announced its new organisational structure, designed to support the Group’s drive for simplification and synergy across its business.
Populist politicians worsening NPL situation -Hourican
Outgoing Bank of Cyprus CEO John Hourican has accused politicians of being populist and making the non performing loan (NPL) situation in the banking sector
Police investigate arson outside BoC chief’s home (update 2)
Police were on Tuesday investigating an arson attack on a car parked outside the home of Bank of Cyprus CEO John Hourican in Nicosia. Hourican
Hourican: new equity will help speed up restructuring
BANK of Cyprus, which has just raised €1bn from investors, plans to sell up to 1 €1bn in bonds in September, its CEO John Hourican
Why Bank of Cyprus needs additional capital
By George Markides IN LESS THAN one and a half years after Bank of Cyprus seized deposits to recapitalise itself, it is seeking at least
No decision yet on capital increase: BoC
No decision has been taken by the board to raise the lender’s share capital, the Bank of Cyprus (BoC) said on Thursday, responding to media
Tales from the coffeeshop: Knives are out over creation of a bad bank
THINGS must have been desperate on the news front for Phil to have a banner headline on Wednesday’s front page that said ‘A fillet for
‘Happily ever after’ a long way off for Bank of Cyprus CEO
By Laura Noonan If John Hourican manages to drag Bank of Cyprus back from the brink of collapse, it would resurrect a financial institution, a
Destroying the banks
Since becoming governor of the Central Bank, Panicos Demetriades has focused his attention on destroying the Bank of Cyprus. George Christou explains how. What no
Bank Of Cyprus posts €1.94 billion nine-month net loss
Bank of Cyprus posted a €1.94 billion net loss in the first nine months of the year. The bank said the loss included a €1.45 billion
BoC confident it can support Cypriot economy
BANK of Cyprus (BoC) top brass appeared optimistic on Tuesday about the lender’s future, although non-performing loans are a key challenge that has to be
Cyprus lenders eye banks overhaul, state selloffs in review
International lenders began a second inspection visit to Cyprus on Tuesday to assess progress in economic restructuring outlined in a €10 billion aid plan brokered
Bank of Cyprus appoints new CEO (updated)
By Stefanos Evripidou THE BOARD of the Bank of Cyprus (BoC) announced the appointment of John Patrick Hourican as the bank’s new CEO on Tuesday