Wednesday October 1, 2014 Search
Weather | Athens
28o C
16o 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)  
Troika, ministry close to deal on corporate debts
Greek bonds rise on speculation ECB to allow bank-loan purchases
Greek factory activity returns to contraction in September - PMI
Mario Draghi to push ECB to buy Greek, Cypriot junk loans: FT
Thessaloniki NGOs appeal for help to deal with influx of Syrian refugees
Two non-governmental organizations appealed to the public on Wednesday to donate clothing and food to help dozens of refugees from war-torn Syria who have flooded into Thessaloniki over the ...
Incoming EC President Jean-Claude Juncker to visit Athens
Incoming European Commission President Jean-Claude Juncker is expected to visit Athens on Friday, the Commission's press office confirmed on Wednesday. The former prime minister of Luxembour...
Inside News
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
COMMENTARY
Truth before the battle
The coalition has lost its sense of direction in the last few months. Exactly where things went off track is not the question at this stage. What is certain is that if it continues competing...
EDITORIAL
Bending the rules
The flexibility with which laws are implemented has been a fundamental cause for concern in Greece during the post-dictatorship era. Everything becomes a subject for negotiation, even in cas...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Thessaloniki NGOs appeal for help to deal with influx of Syrian refugees
2. Troika, ministry close to deal on corporate debts
3. Incoming EC President Jean-Claude Juncker to visit Athens
4. Greek bonds rise on speculation ECB to allow bank-loan purchases
5. Seven arrested in Greece in migrant smuggling ring
6. Velvento banks robbers not terrorists, court rules
more news
Today
This Week
1. Air-raid sirens to go off all over Greece at 11 a.m. in drill
2. Truth before the battle
3. Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
4. Smallpox decimates sheep stocks in northern Greece
5. Thessaloniki transport gets more expensive
6. Bending the rules
Today
This Week
1. Greece may opt for unusual president to avoid snap polls, Venizelos says
2. Woman allegedly buried alive by accident in northern Greece
3. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
4. Should you bet with Kissinger on where the world is heading?
5. Cypriots divided by 1974 war seek Shariah hub
6. The shocking thought of euro-dollar parity
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.