Cyprus banks

Cyprus's Parliament has postponed its decision on whether it will go along with a tax of up to 9.9 percent on the savings of bank account holders as demanded by international lenders in return for a 10 billion euros...

Cyprus still has options open to find urgently needed funds to recapitalise its banks, either through the EU rescue fund or through a bilateral loan, its finance minister said on Tuesday, Reuters reported. "We are optimistic we will get the...

Moody΄s Investors Service on Tuesday cut the credit ratings on two Cypriot banks and put another on review for a downgrade, citing the increased risks of a possible Greek exit from the euro zone.  Bank of Cyprus, the largest...

Cyprus’ Banks are expected to try to raise capital privately to strengthen their capital adequacy, Finance Minister Kikis Kazamias has said, stressing that the Government is ready to step in and take all actions necessary to ensure financial stability. In...