Search Results for: Bank of Cyprus
Cypriot bank deposits rise in December 2015
February 1st, 2016
Total deposits in Cypriot banks recorded in December 2015 a net increase of €203,0 mln, compared with a net decrease of €67,9 mln in November 2015. According to data by the Central Bank of Cyprus, the annual growth rate ...
Cyprus:‘Lagarde List’ accounts face €35mln in taxes
January 13th, 2016
Some €35mln in taxes have been imposed on undeclared deposits in 85 Swiss bank accounts included in the so-called Lagarde List, Finance Minister Harris Georgiades said on Tuesday. Speaking before the House Watchdog and Ethics Committees, the minister said ...
Cyprus is ‘next property investment hotspot’, says agency
January 7th, 2016
Cyprus is set to join London, New York and Paris as a top international property hotspot, says a leading agency. Chestertons International says there has been growing interest from investors for luxurious Cyprus properties, with sales rising 23% in October ...
Cyprus: Haircut battle due to kick off within weeks
January 4th, 2016
A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March 2013 ‘haircut’ against the European Commission and the ...
Single Resolution Mechanism to come into effect for the Banking Union
January 4th, 2016
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) will ...
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
December 30th, 2015
If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus ...
Cyprus Can Boost Shipping’s Role in Economy, Wilbur Ross Says
December 28th, 2015
Government’s targets are achievable, billionaire investor says Cyprus to be more aggressive in seeking shipping business Cyprus’s target to increase the contribution that shipping makes to its economy by around two percentage points over the next three years is ...
Creation of a “Bad” Bank
December 21st, 2015
The banking sector in Cyprus has gone through radical transformation in the last few years following the disastrous events of March 2013. To a large extent, the sector has regained confidence from both its domestic customers and the international ...
Central Bank of Ireland opposes the acquisition of Ava Trade by Playtech
October 5th, 2015
Playtech plc has issued today a press released to inform public in regarding the latest update in relation to Ava Trade acquisition. According to the company: Late on Friday 2 October 2015, the Company received a letter from the ...
Firm fined by MNB for performing unauthorised tied agent activity relating to investment services for firms domiciled in Cyprus and UK
September 24th, 2015
Magyar Nemzeti Bank (MNB), the Central Bank of Hungary, has issued an announcement to inform on its decision to impose a market surveillance penalty of HUF 90 million to CFD Markets Kft. which has performed capital market tied agent ...
