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Mr. Neocleous, Chairman of our firm, has today given a radio interview on the show «Proino Dromologio» of CyBC, regarding the current developments in the Bank of Cyprus and the creation of the new Board of Directors.

The Ministry of Finance and the Central Bank of Cyprus have jointly announced that the recapitalisation of Bank of Cyprus is now complete.

The latest figures on non-performing loans in the Cyprus banking sector published by the Central Bank of Cyprus show that progress is continuing to be made in reducing non-performing facilities

On January 30 2014 the board of directors of the Bank of Cyprus Public Company Ltd approved two important decisions.

The Cyprus Securities and Exchange Commission ("CYSEC") has recently issued a circular drawing the attention of persons operating credit rating agencies ("CRAs") in Cyprus to Regulation (EC) No 1060/2009 of the European Parliament and of the Council, which puts in place a common regulatory regime for the publication of credit ratings.

The Central Information Register for the Issuers of Dishonoured Cheques (CIR) was established in 2003 under the auspices of the Central Bank of Cyprus, in order to address the issue of dishonoured cheques and increase confidence in the use of cheques as a safe means of payment.

On 14 September the Central Bank of Cyprus (CBC) published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 31 May 2018 ...

On 9 September 2014 a new law amending the Liberalisation of the Interest Rate and Related Matters Law of 1999 was published in the official gazette and took effect.

The Central Bank of Cyprus ("CBC") has recently issued a Directive (Directive on Arrears Management of 2013) under section 41 of the Banking Laws of 1997 to 2013 regarding arrears management and restructuring of bank customers' debts.

The Amending Law 100(Ι) of 2009 makes a number of important changes to Cyprus’s Banking Law.

Following the bailout package agreed between the so-called troika of the EU, European Central Bank and IMF on one hand and the Cyprus government on the other, the two largest banks in Cyprus will be merged and considerably downsized.

Costas Stamatiou was one of a distinguished roster of speakers at the ICC International Financial Crime Forum held in Malta on 5 and 6 June 2013.

The Amending Law 100(Ι) of 2009 makes a number of important changes to Cyprus’s Banking Law.

The Central Bank of Cyprus (CBC) has recently published its latest analysis of data on non-performing loans in the Cyprus banking sector ...

Legislation was enacted in April requiring credit institutions operating in Cyprus to pay a levy of 0.095% on their customer deposits from 2011 onwards.

The Transparency Requirements Law, Law 190(I)/2007 took effect on 1 January 2008.

When Cyprus and the Eurogroup (consisting of fi nance ministers of the EU member states having the Euro as their currency) decided on the terms of a memorandum of understanding with Troika (consisting of the European Commission, the European Central Bank and the International Monetary Fund) the whole world was taken by surprise.

On the 02 November 2018 the Central Bank of Cyprus issued a circular to all credit institutions under its supervision revising the definition of "shell companies"...