Bank of Cyprus Pcl, the island’s largest lender, said on Friday its first-half loss widened by 25 percent after increasing provisions for bad loans and reducing the value of Greek government bonds.
The net loss in the six months to June 30 widened to 134 million euros from a loss of 107 million euros in the same period of 2011, according to an e-mailed statement from the Nicosia-based lender.
BoC, which sought aid from the Cypriot government in June to meet capital requirements, said the capital shortfall was defined by the European Banking Association on June 30 at about 730 million euros.
Government officials have reportedly presented troika inspectors with a plan detailing a radical overhaul of the civil service which foresees the evaluation of 450,000 public servants and th...
The City of Athens is due on Wednesday to inaugurate seven centers created to provide assistance and services to residents of the municipality.
Modeled along the lines of Citizens Advice Bur...
New PAOK coach Huub Stevens has called for unity among fans after taking charge of the Greek club whose players said they feared for their lives last season because of regular protests.
Gree...
Greek canoeing champion Andreas Kiligkardis died on Wednesday after losing his battle against leukemia.
The 37-year-old had been in a coma since last Tuesday at a hospital in Poland - where ...
For the past three-and-a-half years, the Greek political system has been dragging its feet and hemming and hawing over a relatively simple decision: which state organizations are needed, how...
Greece’s power-sharing government must find a way to stay on track.
A snap election, as suggested by some out there, would not solve the country’s problems but rather strengthen existing pol...
