After recap, Co-op to list on stock market in 2017
By Elias Hazou THE finance minister on Thursday issued a decree for the recapitalisation of the Co-operative Central Bank (CCB), which provides for its gradual...
recapitalisation
Government recapitalisation plans for co-op angers banks
By Stelios Orphanides The Association of Cyprus Banks opposes government plans to recapitalise bailed out Cooperative Central Bank with a new levy, an official of...
Private sector unlikely to recap Greek banks in 2015, bondholder bail-in likely, Moody’s says
By Stelios Orphanides Moody’s Investors Service said that the time remaining for the private sector to participate in the recapitalisation of Greece’s banks is limited...
ECB tests show Greek banks have capital shortfall of 14.4 bln euros
Greek banks have a capital shortfall of 14.4 billion euros if the country’s economy deteriorates further than expected, the European Central Bank said on Saturday....
Church to abandon stake in Hellenic Bank
By Angelos Anastasiou THE Church of Cyprus has no interest in participating in Hellenic Bank’s planned capital raising and will be selling the rights that...
Former co-op officials sued for fraud
By Angelos Anastasiou THE MANAGEMENT of a cooperative credit institution (CCI) has sued eight former officials for fraudulently funnelling €750,000 from the Cooperative Savings Bank...
Greece unlikely to end bailout without new help -senior EU official
Greece is “highly unlikely” to end its euro zone bailout programme without some new form of assistance that will require it to meet targets, a...
Greek bank shares drop sharply on ECB stress test fears
Greek bank shares fell sharply on Wednesday, leading the broader Greek equities market lower, with traders citing jitters over the European Central Bank’s region-wide stress...
Unfortunately, we have to save inhuman banks
By Loucas Charalambous IT IS FAIR to say that DISY chief Averof Neophytou was right about most of the things he accused the banks of...
It’s gonna’ turn nasty
By Hermes Solomon NO BANK can remain in business unless they are permitted to call in unsustainable NPLs to protect depositors and support the bank’s...
