AG confirms investigation into former Co-op boss and others
Attorney-general Costas Clerides confirmed on Wednesday he had ordered an investigation into the Co-op Bank’s former CEO Nicolas Hadjiyiannis and other senior officials over their...
Nicolas Hadjiyiannis
Former co-op chief says NPLs were declining (updated)
Former co-op bank CEO Nicolas Hadjiyiannis said they had managed to achieve a substantial reduction of non-performing loans before the lender was shuttered earlier this...
Co-op’s last CEO says Europe was worried about state links
European bank supervisors used the co-op bank to put pressure on the government on matters like the foreclosure legislation, former CEO Nicolas Hadjiyiannis told an...
Business as usual at co-op, say officials
The Cooperative Central Bank (CCB) indicated on Monday that other than some isolated cases of deposit withdrawals from worried customers there was nothing even...
Co-ops reduce NPLs stock below €6 billion
The Cooperative Credit Institutions (Co-ops) have stepped up the pace of restructurings, reducing their non-performing loans below €6 billion six months before the target date....
CCB boss says strictest supervision will eliminate fraud at co-ops
The chief executive officer of the Cooperative Central Bank Nicolas Hadjiyiannis has vowed that fraud cases similar to those currently investigated by police will not...
Co-ops see no benefit to selling loans
Co-operative banks saw no benefit in selling loans and it was not part of its strategic planning, the chairman of the Central Co-operative Bank (CCB)...
Co-ops show €85.6m profit for first six months
THE Co-operative Central Bank said yesterday it had made a net profit of €85.6m in the first half of the year. Chairman Nicolas Hadjiyiannis said...
Co-ops unveil €34m scheme for businesses
By George Psyllides The Co-operative Central Bank (CCB) on Friday unveiled a €34 million scheme to support small and medium businesses (SME). Officials said a...
Co-ops to announce scheme to help vulnerable borrowers
By Staff Reporter Co-ops will next month be announcing a number of initiatives to help vulnerable borrowers, Co-operative Central Bank chief Nicolas Hadjiyiannis said on...
Co-ops’ recapitalisation deal signed and sealed
By Angelos Anastasiou THE bailout of co-operative credit institutions (CCIs) with €1.5 billion in troika loans was sealed on Friday with the signing of the...
Troika told Co-op NPLs to start falling in two years
By Angelos Anastasiou The Co-operative Central Bank (CCB) expects the number of non-performing loans (NPLs) to start falling in two years’ time, its head told...
Co-op exit scheme to save €16.5m in 2014
By Angelos Anastasiou A WEAKNESS in the voluntary redundancy scheme for co-op workers will see some employees paid more to leave than to work through...
Co-ops going after non-performing loans
By Staff Reporter CYPRUS’ CO-OPERATIVE Credit Institutions (CCI) will now focus on recovering non-performing loans, which stand at 40 per cent of their loan portfolio,...
