BoC leadership change will not slow momentum going forward
Outgoing Bank of Cyprus (BoC) chairman Josef Ackermann and CEO John Patrick Hourcian on Tuesday said the change in leadership at the lender would not...
John Hourican
BoC CEO ‘outraged’ over claims of preferential treatment (V)
John Hourican, the Bank of Cyprus’ CEO, said on Saturday he was outraged over allegations the bank has given preferential treatment to individuals with high-level...
BoC announces after-tax loss of for the first nine months
Bank of Cyprus on Tuesday announced an after-tax loss of €37m for the first nine months of 2018 compared with an after-tax loss of €553m...
BoC ready to unconditionally compensate funds to tune of €23m
Bank of Cyprus, the island’s largest lender, decided to refund losses sustained by 841 of its workers’ provident funds in the 2013 banking crisis at...
BOC announces €553m net loss, real estate fund to reduce NPLs
By Stelios Orphanides Bank of Cyprus (BoC) said Tuesday it generated an after-tax loss of €553m on reduced net interest income in the first nine...
BoC’s Hourican “annoyed and impatient” with strategic defaulters
Bank of Cyprus’s chief executive John Patrick Hourican said that he is beginning to grow impatient with those borrowers who are able to repay their...
Hourican vows to clamp down on strategic defaulters, asks society to assist (Updated)
Bank of Cyprus’s chief executive officer John Hourican said that the island’s high levels of delinquent loans of roughly half of the banking system’s total...
BoC appoints Kalochoritis as advisor to John Hourican
Bank of Cyprus Plc Co Ltd said that it appointed Marios Kalochoritis as senior advisor to chief executive officer John Hourican and his replacement in...
Hourican says BoC mulls active part in future M&A
Bank of Cyprus’s chief executive officer John Hourican said that the island’s largest lender intends to play a leading role in the consolidation of the...
BOC to keep Hourican ten more months until end of 2018
Bank of Cyprus said that its board of directors decided to keep the lender’s chief executive officer John Patrick Hourican to the end of 2018....
Hourican says BoC ‘satisfied’ with current legislative framework (updated)
Bank of Cyprus (BoC) chief executive officer John Hourican said Cyprus’s largest lender was happy with the current foreclosure and insolvency legal framework as a...
BOC to finance shipping as global nationalism threatens trade, Hourican says
By Stelios Orphanides Bank of Cyprus’s chief executive officer John Hourican said that as the largest Cypriot lender was about to engage in financing of...
BOC in talks with institutional investors following LSE listing, CyBC says
Bank of Cyprus aims at attracting institutional investors for longer term placement in the bank’s share, days after its London Stock Exchange listing, state broadcaster...
BoC fully repays outstanding ELA ahead of London listing (Updated)
Bank of Cyprus, the island’s biggest credit institution, said that it fully repaid its outstanding emergency liquidity assistance (ELA) to the Central Bank of Cyprus,...
BoC to hold London roadshows ahead of tier 2 bond issue
Bank of Cyprus, the island’s largest lender, has appointed Credit Suisse and HSBC as global coordinators and joint bookrunners for exploratory roadshows ahead of a...
Georgiades says he feels ‘completely powerless’ after reforms’ rejection
Finance Minister Harris Georgiades said on Thursday he felt “completely powerless” when it came to conducting the economy. He was remarking to a tagline during...
BoC CEO receives Reaction youth award
BANK of Cyprus CEO John Patrick Hourican was chosen as an honorary member by road safety NGO Reaction for his support of their work. “Every...
Hourican sees a lot of positives in economy
Investment-grade rating for Cyprus’ sovereign debt is still some way off but has been “notching up nicely” over the past year, and Bank of Cyprus...
Hourican expects neutral impact from Brexit on BOC
Bank of Cyprus’s chief executive officer John Patrick Hourican said that a decision of Britons to vote in favour of leaving the European Union on...
Hourican encourages internal whistle-blowing at BoC, source says
Workers at Bank of Cyprus are encouraged to report colleagues performing their duties negligently or irregularly to the bank’s internal auditors, a source said. Whistle-blowers...