Monthly Archives: June 2015

Bank of Cyprus announced EUR29 million net profit for the quarter ended 31 March 2015

Bank of Cyprus Group announced €29 million after tax profit for the quarter ended 31 March 2015, compared to a loss of €337 million for the fourth quarter 2014. The Common Equity Tier 1 capital (CET 1) ratio (transitional basis) … Continue reading

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Moody’s upgrades Bank of Cyprus covered bond ratings and affirms Caa3 debt and deposit ratings

On 28 May 2015 Moody’s Investors Service upgraded to B1 from B3 (on review for upgrade) the ratings on the mortgage covered bonds of Bank of Cyprus Public Company Limited. Please click  here for the announcement.

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Fitch Upgrades Bank of Cyprus

On 28 April 2015, Fitch Ratings upgraded Bank of Cyprus Public Company Ltd’s (BoC) Long-term Issuer Default Rating (IDR) to ‘CCC’ from ‘CC’ and  BoC’s Viability Rating (VR) to ‘ccc’ from ‘cc’. These upgrades mainly reflect improved capital buffers following … Continue reading

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Bank of Cyprus International Banking Services reconfirms its ISO 9001:2008 Certification for the 6th year

The reassessment audit performed by the Cyprus Certification Company, has confirmed once again the compliance of the Quality Management System which is applied at Bank of Cyprus International Banking Services (IBS), in accordance with the requirements of the Standard ISO9001:2008.

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Cyprus Shipping

Cyprus is established as a leading international maritime centre, constituting today the biggest third party ship management centre in the European Union with the Cypriot maritime registry being one of the largest in the European Union and the 10th largest … Continue reading

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