Bank of Cyprus Archives - Keep Talking Greece

Major political scandal: Cypriot banks write-off loans to politicians

March 29, 2013 Economy 2

A major political earthquake shakes Cyprus after a list containing names and written-off loans by banks was handed out to the Parliament. Politicians from three major parties and government officials took loans from the Bank of Cyprus and Cyprus Popular Bank (Laiki) and had them written-off after having paid back …

Volos: Arson attack at Bank of Cyprus with scent of Golden Dawn

March 28, 2013 Uncategorized Comments Off on Volos: Arson attack at Bank of Cyprus with scent of Golden Dawn

Greek police arrested three young men in Volos for the arson attack at a Bank of Cyprus branch in Volos. The attack took place with molotov cocktails in the dawn of Thursday. The ATM was destroyed. The men had managed to break a glass window and throw molotov cocktails inside the …

Cyprus president as “Figaro”: the crisis needs a leader (parody video)

March 27, 2013 Politics Comments Off on Cyprus president as “Figaro”: the crisis needs a leader (parody video)

Crisis of any kind can be eventually very inspiring. How much more when it comes to money and “poetic’ economic terminology like ‘haircut’. OK, president Nicos Anastasiades may be not solely responsible for the crisis as he came to office end of February. But his negotiation skills with the Troika could …

Bank of Cyprus CEO resigns over bailout deal

March 26, 2013 Economy Comments Off on Bank of Cyprus CEO resigns over bailout deal

The president of the board of Bank of Cyprus Andreas Artemis submitted his resignation to Finance Minister Michalis Sarris short before 12 o’ clock noon on Tuesday. According to local media, Artemis disagreed with the handling of the bank recapitalisation and said that the selling of BOP branches was decided without …

Last minute rescue: painful Cyprus deal, bankruptcy averted, depositors cry

March 25, 2013 Economy Comments Off on Last minute rescue: painful Cyprus deal, bankruptcy averted, depositors cry

Hours of tough negotiations between Cyprus and international lenders ended in a deal at 2 a.m. on Monday morning. President Nicos Anastasiades and the head of European Union, European central Bank and International Monetary Fund agreed to a hefty haircut for deposits above 100,000 euro at Bank of Cyprus and …

Cyprus President Anastasiades threatens to resign and let people decide

March 24, 2013 Economy 6

Cypriot president Nicos Anastasiades threatens to resign over IMF proposals to rescue plan and let people decide, Cypriot media reported on Sunday evening short before the start of the Eurogroup meeting. Anastasiades threat came after the insistent pressure of the International Monetary Fund that the Bank of Cyprus should absorb …

Piraeus Bank acquires branches of Bank of Cyprus & Popular Bank in Greece

March 22, 2013 Economy 2

Greek Fincancial Stabilty Fund (HFSF) approved the bid of Piraeus bank to acquire the branches of Bank of Cyprus and Cyprus Popular Bank in Greece. “Piraeus bank will take over 12 billion euro in deposits,” Skai TV reported on Friday evening adding that the bank personnel will be transferred to …

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