Cyprus Parliament Pass Privatization Bill – Investigative Due Diligence

Cyprus Parliament yesterday, passed the privatisation bill in time for the 5th march deadline. The House of Representatives adopted, by majority vote, an amended version of the privatisation bill, which sets out the framework for semi-government organisations (SGOs) to be privatised. The decision comes after the first draft was rejected last Thursday, with 25 votes […]

Theodoros Kringou FCGManaging Director, Infocredit Group Ltd

BOC loses of €2.04 billion for 2013 – Investigative Due Diligence

The Bank of Cyprus has announced its full-year loss of €2.04 billion for 2013. The bank, which was recapitalised after bailing in depositors last year registered a loss of €93 million in the fourth quarter of 2013, down from €142 million in the previous quarter. “These results demonstrate stability on the asset and provisioning side […]

Theodoros Kringou FCGManaging Director, Infocredit Group Ltd