According to an article that was published yesterday in The Economist, the bail-in approach for rescuing the Cypriot economy has failed. Even though the economy has proved more resilient than what it was initially thought, mainly due to tourism from Russia and the business services industry, there are still no indication of when things will […]
Bank of Cyprus reported losses of 2.04 billion euro for 2013, slightly less than the 2012 losses of 2.21 billion euro as a result of a decrease in losses during the last two quarters of 2013. The total loss during the second half of the year was down to 235 million total. Non-serviceable loans for […]
The Laiki bank and Bank of Cyprus ATM’s have a withdrawal limit of 100 and 120 euro respectively. According to the Cyprus news Agency the press representative of Laiki bank Costas Archimandritis confirmed the news.
Bank of Cyprus announced yesterday that according to the preliminary financial results of 2011, it took a hit of about 1.32 billion euro.
Bank of Cyprus is contributing 2 million euro towards the cost of building the Blood Malignancies Research Centre of the Karaiskakion Institute.
