European Central Bank withdraws RCB’s banking licence
The European Central Bank (ECB) on Thursday said it has withdrawn the banking licence of Cyprus’ RCB Bank Ltd. The decision follows the orderly completion...
RCB
RCB Bank formally relinquishes licence
RCB Bank announced on Monday it will relinquish its banking licence – a formality completing the lender’s transformation into an asset management company. The decision...
Uncertain future for most of RCB’s 370 employees
Although most of the 370 employees of RCB bank are set to be made redundant once its transformation into an asset management company is completed,...
The end, and the beginning of a new era for RCB
By Yiannis Seitanides RCB Bank’s coordinated exit from the financial markets has entered the final stretch, with the supervisory authorities in Nicosia and Frankfurt managing...
RCB to close its banking operations in shift towards asset management
RCB Bank on Thursday announced that it will cease operating as a bank and would become an asset management company. The bank cited the “ongoing...
Uncertainty forced sale of RCB loan portfolio
The €556 million loan portfolio sale by RCB Bank to Hellenic Bank on Tuesday served to fulfil a dual purpose – bolstering the latter bank’s...
RCB sells big loan portfolio to Hellenic Bank
RCB Bank on Tuesday announced that it has agreed to the sale of a performing loan portfolio to Hellenic Bank, including any related funds on...
S&P downgrades RCB because of sanctions (updated)
Rating agency Standard & Poor’s on Thursday downgraded RCB Bank’s long-term issuer rating from BB- to B+ and placed the bank on negative watch, citing...
Latest EU stress tests show Cyprus banks resilient
The European Central Bank (ECB) has published the results of the 2021 stress tests, which show that the euro area banking system is resilient to...
RCB Bank and Mastercard launch [email protected] in Cyprus
RCB Bank and Mastercard have launched [email protected], the latest feature in electronic transactions, enabling consumers to withdraw cash during a purchase inside a shop, through...
