Qatar’s QNB buys Greek NBG’s Finansbank for 2.7 bln euros
Qatar National Bank SAQ , the Gulf Arab region’s largest bank, reached an agreement with National Bank of Greece to acquire the latter’s entire 99.81...
stress tests
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....
Government drafting ‘master plan’ for economic growth
By Stelios Orphanides WHILE the Supreme Court’s ruling on the constitutionality of four bills accompanying the foreclosure legislation is expected today and may determine the...
Banks now ready to face any risks
By Angelos Anastasiou THE PERFORMANCE of Cypriot banks during the European Central Bank’s ‘stress-test’ was the single greatest achievement since the March 2013 implosion of...
ACB satisfied with stress tests results
The Association of Cyprus Banks (ACB) has expressed satisfaction with the positive results of the Comprehensive Assessment of four Cypriot banks by the European Central...
Pre-emptive capital raise covers capital shortfall, BoC says
The pre-emptive €1 billion capital raise ensured that the Bank of Cyprus absorbed the capital shortfall that emerged from the ECB comprehensive assessment carried out...
We can face future with optimism, says CBC Governor
Central Bank of Cyprus Governor Chrystalla Georghadji has said that results of a comprehensive assessment for Cypriot banks by ECB and EBA published on Sunday...
25 European banks fail stress test, 12 have fixed holes already (Updated)
By Laura Noonan and Eva Taylor Roughly one in five of the euro zone’s top lenders failed landmark health checks at the end of last...
ECB faces test of its own as Europe braces for landmark banking review
By Laura Noonan and Eva Taylor After putting the euro zone’s top 130 banks through their paces, the European Central Bank will face a test...
Banks receive final ECB verdict on finances
By George Psyllides THE eurozone’s 130 biggest banks, which include four Cyprus-based banks, received the European Central Bank’ s final verdict on their finances on...
