Monday April 21, 2014 Search
Weather | Athens
19o C
14o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Bank of Cyprus posted large losses in 2012

Cyprus’s largest bank had racked up after-tax losses of 2.2 billion euros in 2012, three months before it was swept up in the country’s painful financial rescue deal.

Bank of Cyprus’s financial results released on Friday showed that the lender’s core tier 1 ratio – a measure of a bank’s financial health – sank to minus 1.9 percent by year’s end, far below the European Union-mandated 9 percent.

The losses were due mainly to a rising number of bad loans.

Cyprus’s bailout deal in March with its eurozone partners and the International Monetary Fund forced uninsured depositors to take huge losses on their savings in the Bank of Cyprus and the smaller Laiki bank, which was wound down and partly absorbed by the larger lender. [AP]

ekathimerini.com , Friday October 11, 2013 (18:53)  
Eurobank share offering on April 25-29
PPC to issue corporate bond of 500 mln
Primary surplus continued by end-March
Eurobank eyes top Core Tier 1 level in Greece
Coalition aims for surplus boost
The European Commission’s statistical arm, Eurostat is expected to confirm on Wednesday the size of Greece’s 2013 primary budget surplus, which the government hopes will further boost its ar...
One dead and several injured in Easter celebrations
One Cretan man was killed, a man from central Greece suffered hand injuries and an American visiting Santorini was hospitalized in an intensive care unit following over-exuberant Easter cele...
Inside News
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
COMMENTARY
Unanswered questions
It’s been four years since Greece signed the first memorandum. Back then Prime Minister George Papandreou had come into an explosive situation given that the markets had already predicted th...
EDITORIAL
Avoiding extremes
The best thing that parties and candidates can do for voters in view of the upcoming elections is to avoid extremes and senseless hyperbole. The quality of political discourse in Greece has ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Coalition aims for surplus boost
2. One dead and several injured in Easter celebrations
3. Suspects fire at police in chase
4. Fatal MERS virus carried to Greece from Saudi Arabia
5. Researchers highlight link between cuts and suicides
6. Papoulias marks junta anniversary, says democracy was not a ‘gift’
more news
Today
This Week
1. Man takes own life by jumping off flyover
2. Fatal MERS virus carried to Greece from Saudi Arabia
3. Police seize 186 kilos of cannabis
4. City of Athens, Church of Greece hand out Easter Sunday meals
5. Man arrested over 68,000 packets of contraband cigaretttes
6. Fewer cars left capital for Easter weekend
Today
This Week
1. Greece's market return mirrors return of tourists
2. Parties start announcing candidates for European Parliament elections
3. Greece startup leaders say they can’t break jobless cycle alone
4. Ground-breaking Good Friday mass signals thaw in Cyprus
5. IMF's Thomsen says Greece not fully financed to 2016
6. Mayoral candidates clash over Athens mosque plans
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.