Friday May 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Bank of Cyprus explores capital options at June 26 board meeting

Bank of Cyprus, which recapitalised by turning investors' deposits to equity in 2013, said it would discuss funding and capital issues at its next board meeting on June 26.

The bank said it would explore funding and capital options that could speed up its restructuring.

Bank of Cyprus is one of four Cypriot lenders which will undergo stress tests this year, a eurozone wide survey on 128 banks designed to ensure they have enough capital to withstand another debt crisis.

Based on its first-quarter results, the first time it showed a profit in seven straight quarters.

In 2013, it was forced to convert a large percentage of uninsured deposits exceeding 100,000 euros ($135,900) to equity to recapitalise the bank, heavily exposed to debt-stricken Greece. Several wealthy Russians are now represented on its board after their deposits were converted into shares in the bank. [Reuters]

ekathimerini.com , Tuesday June 24, 2014 (13:59)  
Italy braced for shocks from Greece, says FinMin
Cyprus tourism income rises 15 percent with surge in arrivals
Schaueble plays down positive reports from Athens
Greek bank deposits fall to lowest in more than a decade
Civil aviation union cancels action on minister’s pledge
The Federation of Civil Aviation Authority Unions (OSYPA) called off Friday a 48-hour strike that was due to take place Saturday and Monday. The decision to cancel the planned action was tak...
4.2-magnitude quake strikes off Crete
An undersea quake, measuring 4.2 on the Richter scale, occurred in the area between Crete and Kassos in the early hours of Friday but no damage or injuries were reported. The quake followed ...
Inside News
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
COMMENTARY
Only Greece can end its miserable ´Groundhog Day´
In the film "Groundhog Day," Bill Murray is condemned to relive the same 24 hours on an endless loop. The happy ending (he gets the girl) only comes when he changes his destiny by becoming a...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Italy braced for shocks from Greece, says FinMin
2. Civil aviation union cancels action on minister’s pledge
3. 4.2-magnitude quake strikes off Crete
4. Traffic accidents down in March
5. Four questioned for trying to sell ancient statuette
6. Bill squeezing private schools to be debated
more news
Today
This Week
1. Greece creditors say no deal near as G-7 frustration vented
2. Only Greece can end its miserable 'Groundhog Day'
3. Next Greek aid program isn’t on table yet, says Moscovici
4. 12 Russians injured in lightning strike at ruins on Crete
5. Some blame EU Commission for Greek obstinacy in debt talks
6. The eurozone’s ‘ambiguous’ architecture
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Romantic notions meet reality
6. Tsipras faces down radicals within SYRIZA over terms of deal
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.