Liquidators appointed to Cyprus Airways
Avgoustinos Papathomas and David Dunckley, financial advisers, have been appointed as liquidators for the now defunct Cyprus Airways (CY), creditors and shareholders decided during an...
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Cyprus Airways creditors to meet on Friday
Cyprus Airways’ creditors will convene a general assembly meeting on Friday in order to approve an extraordinary resolution of voluntary liquidation. The President of SYNYKA...
Third Point, Wargaming increase Hellenic share
CPB FBO Third Point Hellenic Recovery Fund LP and Wargaming Plc Ltd said they increased their respective stakes in Hellenic Bank Public Company Ltd from...
Bank of Cyprus ‘still at war with circumstance’ (Wrap)
By Stelios Orphanides BANK of Cyprus (BoC) is ‘still at war with circumstance’, its Chief Executive Officer (CEO) John Hourican said yesterday as shareholders elected...
Bank of Cyprus shareholders to elect Ackermann as chairman
By Stelios Orphanides Bank of Cyprus shareholders were meeting in Nicosia on Thursday to elect a new board of directors which will represent the new...
Hellenic to seek more capital from shareholders
By Stelios Orphanides HELLENIC Bank, one of four Cyprus systemic banks participating in the European Central Bank’s asset quality review this month, will examine a...
BoC board told to quit, green light for Ross
By Constantinos Psillides CENTRAL Bank of Cyprus (CBC) Governor Chrystalla Georghadji sent a letter to the board of Bank of Cyprus (BoC) on Monday, asking...
Hourican believes Cyprus bail-in was an injustice
By Jean Christou The recent injection of €1 billion into the Bank of Cyprus (BoC) has taken discussion about the bank away from whether the...
BoC shareholders approve capital increase (Update 3)
By Angelos Anastasiou BANK OF Cyprus (BoC) shareholders overwhelmingly approved a €1.0 billion capital raise on Thursday, the biggest foreign direct investment in the island’s...
Old BoC shareholders seek court order
By George Psyllides CLOSE to 300 old Bank of Cyprus shareholders have filed a request seeking a court order preventing a share capital increase before...
Russian BoC shareholders organise to protect their rights
By George Psyllides Russian minority shareholders in the Bank of Cyprus are unhappy with the terms of a €1.0 billion capital increase, suggesting that their...
Another blow for Bank of Cyprus depositors
By Ben Rosenburg In line with our previous analysis the Bank of Cyprus has now decided to go ahead with a capital increase of up...
Crunch time for BoC board
By George Psyllides BANK of Cyprus (BoC) is expected to announce an increase in share capital of as much as €1bn today, as current shareholders...
Questions remain over status of ex-Laiki depositors
By Angelos Anastasiou The association of former Laiki’s depositors (SYKALA) continued its effort to secure the rights to 18 per cent equity in Bank of...
Big day looms for BoC
By Elias Hazou BANK OF Cyprus (BoC) shareholders is set to elect a new board of directors on Tuesday after the beleaguered lender’s exit from...
Court to rule Tuesday on BoC injunction
By George Psyllides THE NICOSIA district court will announce its decision on Tuesday regarding an application for an injunction banning the administrator of the now...
Archbishop rallies BoC shareholders
By Elias Hazou ARCHBISHOP Chrysostomos took centre stage yesterday at a gathering of old Bank of Cyprus (BoC) shareholders making a play for control of...
‘Best solution’ being sought in BoC dilemma
By George Psyllides THE CENTRAL Bank of Cyprus (CBC) will hold talks with interested parties in a bid to come up with the best solution...