Tag: bank of cyprus

Cyprus banks cut 4,634 jobs and close 370 branches in ten years

Bank branches in Cyprus have declined significantly over the past decade, with banks closing 370 branches and reducing their workforce by 4,634 employees between...

Bank of Cyprus vehicle auction features cars, boat, and tractor

More than 80 vehicles up for auction A new vehicle auction organised by the Bank of Cyprus will take place this afternoon, with prices starting from €500...

Bank of Cyprus loan acquisitions under strict terms

Cautious stance on loan buybacks Bank of Cyprus acquisitions strategy does not currently include purchasing performing loans from credit-acquiring companies in order to “bring them...

Bank of Cyprus €481m profit, €305m dividend in 2025

Strong profitability and efficiency Bank of Cyprus results for 2025 confirm another year of strong and high-quality profitability, allowing the lender to maintain elevated shareholder...

REMU property sales hit €200m, 2025 goal met early

The Bank of Cyprus’ Real Estate Management Unit (REMU) has exceeded its property reduction target for the year two years ahead of schedule, following...

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€165,000 in assets seized after Limassol drug trafficking case

The Permanent Criminal Court of Limassol has issued a...

TechIsland Wildfire Initiative

Official Presentation of actions undertaken for wildfire prevention, preparedness...

Electricity demand hits all-time record in Cyprus

Cyprus recorded a historic electricity demand peak on Thursday...
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