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...
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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...
Bank stress test failure report rejected
A report suggesting a Cypriot bank was included in eleven European lenders that failed the European stress tests was unfounded, a banking source said on...
Banks will soon start lending says CBC governor
By George Psyllides Banks will start lending after the Europe-wide stress tests, Central Bank (CBC) Governor Chrystalla Georghadji said on Tuesday, suggesting that the results...
NPL ratio rises with ‘stress test’ decision pending
By Stelios Orphanides THE ratio of non-performing loans in Cyprus’s banking system rose slightly to 47.7 per cent in August compared to 46.9 per cent...
Banks brace for stress tests
By Angelos Anastasiou DELEGATIONS from the four Cypriot banks undergoing the European Central Bank’s (ECB) stress-testing simulation exercise to determine capital-raising needs are on their...
Greek banks win restructuring plan reprieve in ECB tests – sources
By Laura Noonan, Lefteris Papadimas and Eva Taylor Greece has won an important concession from the European Central Bank (ECB) that could help its top...
Banks brace for first ‘stress test’ hurdle next week
By Angelos Anastasiou DELIBERATIONS between the European Central Bank (ECB), the Central Bank of Cyprus (CBC) and local commercial banks as part of finalising the...
Deliberations over bank stress tests to start next week
By staff reporter Deliberations between the European Central Bank (ECB), Central Bank of Cyprus (CBC) and local commercial banks as part of finalising the results...
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...
Bank of Cyprus’ board to decide on Monday on €1 billion capital increase
The Bank of Cyprus` (BOC) Board of Directors will meet on Monday at 10.30 (local time) to decide on increasing the share capital of the...
Why Bank of Cyprus needs additional capital
By George Markides IN LESS THAN one and a half years after Bank of Cyprus seized deposits to recapitalise itself, it is seeking at least...