Former BOC directors, bank to challenge CySEC fine
Five former non-executive members of the Bank of Cyprus board fined by the Cyprus Securities and Exchange Commission for mispresenting the value the lender’s Russian...
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AG rejects criticism over bank acquisition probe (Update)
It was the police and not the Legal Service that is carrying out the investigation into the controversial acquisition of a Russian bank, Attorney-general Costas...
MPs question the silence over Bank of Cyprus’ costly Russian acquisition
By George Psyllides None of the people involved in the acquisition of a Russian lender by Bank of Cyprus in 2008 have been questioned by...
BoC’s Uniastrum takeover was a ‘huge scandal’, MPs say
By Angelos Anastasiou The need to investigate the events leading up to the ill-advised takeover of Uniastrum Bank by the Bank of Cyprus in 2008,...
Bank of Cyprus seals agreement for the sale of Uniastrum
By Stelios Orphanides Bank of Cyprus, the island’s largest lender, said that it completed the sale of its 80 per cent stake loss making Russian...
Bank of Cyprus to benefit from Uniastrum sale
The sale of its Russian subsidiary Uniastrum will benefit Bank of Cyprus (BoC), Moody’s Ratings agency said on Thursday, despite the €29mln accounting loss incurred...
Uniastrum sale must be investigated-MP
The sale of a Russian subsidiary by Bank of Cyprus (BoC) could be examined by the House Ethics Committee, a lawmaker said on Tuesday. Chairman...
BOC says majority stake in Uniastrum sold (updated)
By Stelios Orphanides Bank of Cyprus agreed to sell the majority of its stake in Russian subsidiary CB Uniastrum Bank LLC, the latter’s subsidiary, Leasing...
BoC’s acquisition of Russia’s Uniastrum did more damage than bad loans, says former vice-chairman Strzhalkovsky
By Stelios Orphanides Vladimir Strzhalkovsky, the Russian businessman who until recently was one of Bank of Cyprus’s major shareholders who also served as its vice...
No decision yet on capital increase: BoC
No decision has been taken by the board to raise the lender’s share capital, the Bank of Cyprus (BoC) said on Thursday, responding to media...
BoC acquisition of Russian bank was all ‘above board’
By Elias Hazou THE 2008 ACQUISITION of Uniastrum by Bank of Cyprus (BoC) was above aboard, and talk of kickbacks to grease the deal is...
Bank of Cyprus probe at ‘critical juncture’
By Elias Hazou A POLICE probe into Bank of Cyprus’ acquisition of Russian lender Uniastrum and its purchase of stock in Romania’s Banca Transilvania is...
