Cyprus Central Bank

Greek bank subsidiaries in Cyprus are protected, Cyprus Central Bank (CBC) Supervision Department Head Yiangos Demetriou said on Friday, dismissing concerns due to the economic instability in Greece. Speaking after a meeting with managers of Greek bank subsidiaries in Cyprus, Alpha Bank Cyprus,...

Cypriot Foreign Minister Ioannis Kasoulides said the 10 billion euros ($13 billion) bailout being put up by international lenders at a big cost to the government and Cypriot society, including the confiscation of up to 80 percent or more...

Cyprus' bank and economic crisis has led to the firing of Bank of Cyprus chief Yiannis Kypri who is being replaced by a special administrator to run the bank during its restructuring as part of a deal with international...

Cyprus's recession-hit eurozone economy contracted by 2.4 percent in the second quarter of 2012 compared to the same period last year, an official flash estimate showed on Tuesday. The dip marks the fifth successive quarter since Q1 2011 in which...

Cyprus could become the fourth country to seek financial help from its European neighbors as early as this month. The island nation is likely to need a bailout to recapitalize its banks, which have been rocked by neighboring Greece’s crisis,...

New Cyprus Central Bank Governor Panicos Demetriades did not exclude the possibility for Cyprus to seek entry to the European bailout mechanism (European Financial Stability Facility - EFSF), in a bid to support the recapitalization efforts by Cyprus Popular...