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22nd Nov

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FEATURED FOR SALE

Three Bedrooms Apartment in Strovolos For Sale Apartment, Nicosia
€110,000
Three Bedrooms Apartment in Strovolos For Sale
	DETACHED MODERN MINIMAL HOUSE WITH 3 BEDROOMS Semi Detached House, Nicosia
€205,000
DETACHED MODERN MINIMAL HOUSE WITH 3 BEDROOMS
Modern house near the Beach! Detached House, Larnaca
€750,000
Modern house near the Beach!
Detached House for Sale in Lakatamia Detached House, Nicosia
€700,000
Detached House for Sale in Lakatamia
Amazing 3 storey apartment, fully furnished Duplex, Nicosia
€700,000
Amazing 3 storey apartment, fully furnished
Superb Top Floor three+ bedroom at Strovolos Apartment, Nicosia
€350,000
Superb Top Floor three+ bedroom at Strovolos

BOC announces €553m net loss, real est...

BOC announces €553m net loss, real estate fund to reduce NPLs
Bank of Cyprus (BoC) said Tuesday it generated an after-tax loss of €553m on reduced net interest income in the first nine months of the year, as it announced new initiatives to reduce bad loans faster. The island’s largest lender had recorded a net profit of €62m at the same period last year. BoC said it also received regulatory approval to set up a real estate fund and have it listed on the Cyprus Stock Exchange. The bank’s income dropped 3 per cent in the first nine months, to €693m, mainly on reduced net interest income, which fell 13 per cent, to €454m. Total provisions and impairments rose to €840m in the first three quarters of 2017, from €301m a year before, or 180 per cent, the bank said. It includes €729m in provisioning charges, up 173 per cent, €38m in impairments of other financial and non-financial assets, up 11 per cent, and €73m in provisions for litigation against zero in the respective period last year. The bank reduced its delinquent loan portfolio by €588m in the third quarter to below €9.2bn, or 47.6m, for the very first time since the introduction, in December 2014, of the current classification rules…

1 day ago

FEATURED FOR RENT

Office, Nicosia
€3,000 Per month
Ready to start business Offices closed to river!
Apartment, Nicosia
€2,500 Per month
Modern & Stylish Duplex 4bedroom flat
Office, Nicosia
€7 Per square metre
Large office space at an excellent price
Apartment, Nicosia
€2,100
Luxurious Brand New 4bed close to the city
Detached House, Nicosia
€4,500 Per month
Beautiful cozy house with allot of character
Detached House, Nicosia
€3,500 Per month
Featured Modern House of 5 bed+ at Latsia area


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