‘ECB was concerned over flow of emergency funding to Laiki’
By Poly Pantelides THE PREVIOUS administration’s delays in finalising a bailout agreement worried the European Central Bank (ECB), which threatened to pull the plug on...
investigative commission
BoC auditor speaks of risky lending policies
By Poly Pantelides THE ISLAND’S biggest lender’s expansion overseas was driven by a risky lending policy, which led to an increase of non-performing loans and...
Former Laiki chairman opposed links to Vgenopoulos
By Stefanos Evripidou THE FORMER executive chairman of Laiki (Popular) Bank Kikis Lazarides yesterday denied he was at loggerheads with the Hong Kong-based bank HSBC...
Current and former president to appear before committee (updated)
By Poly Pantelides PRESIDENT Nicos Anastasiades and former president Demetris Christofias will be called to testify at the committee of inquiry into the financial crisis,...
Germany wanted ‘drastic haircut’
GERMANY wanted a “drastic haircut” on bank deposits, and “some EU quarters” sought the destruction of Cyprus as a financial centre”, former finance minister Michalis...
Inquiry hears of millions owed by big names
By Poly Pantelides A COMMITTEE of inquiry investigating how the country’s banking system came to near collapse, yesterday asked the Bank of Cyprus (BoC) to...
‘There was a concerted move to blame the banks’ said former BoC boss
By Poly Pantelides FORMER Bank of Cyprus (BoC) CEO Andreas Eliades said on Monday reports and claims that he singlehandedly controlled the bank were wrong...
‘BoC was used to absolve CBC of responsibility over Laiki’
By Poly Pantelides FORCING the Bank of Cyprus (BoC) to take on another bank’s obligations was done to serve other interests, a former BoC board...
‘BoC deviated from good governance’
By Poly Pantelides THE ISLAND’S biggest lender, the Bank of Cyprus (BoC), deviated from good governance with its executives “enthusiastically” signing on for projects whose...
‘BoC was healthy until 2012’ panel hears
By Poly Pantelides FORMER Bank of Cyprus (BoC) chairmen spoke out yesterday against what they perceived as the vilification of the island’s largest lender. Speaking...
