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Bring down the funding need for bank recapitalization with €8.7bn, of which 0.4bn is a reinjection of future profits earned by the Central Bank of Cyprus (injected in advance in the short term, by obtaining state land as consideration), and €8.3bn originating from the bail-in of creditors in Laiki Bank and Bank of Cyprus.
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the ...
Repossession, commonly referred to as repo, is a "self-help" type of action in which the party having the right of ownership of a property takes the property in question back from the party having right of possession without invoking court proceedings. The property may then be sold by either the financial institution or third party sellers. [1]
This process involves the sale of the property by the mortgage holder without court supervision (as elaborated upon below). This process is generally much faster and cheaper than foreclosure by judicial sale. As in judicial sale, the mortgage holder and other lien holders are respectively first and second claimants to the proceeds from the sale.
Ancoria Bank Ltd Ancoria Bank ANCOCY2NXXX Sievert Larsson ancoriabank.com: Astrobank Public Company Ltd Astrobank PIRBCY2NXXX Holding M. Sehnaoui S.A.L. astrobank.com: Bank of Cyprus Public Company Ltd Bank of Cyprus [2] BCYPCY2N030 Lamesa Investments Ltd bankofcyprus.com: Cyprus Development Bank Public Company Ltd cdbbank: CYDBCY2NXXX Path ...
Before the end of the year the bank sold it at auction. [2] The Ropaigealachs did not receive the last letter from Barclays (with final demand for payment, as earlier, warning the property would be sold but more imminently) because they were having it renovated and were away. They heard of the impending nature of the sale through a neighbour. [2]
The Cyprus Development Bank (CDB), (Κυπριακή Τράπεζα Αναπτύξεως) is a development bank founded in 1963. It was set up as a public company to foster economic advancement in Cyprus. The primary stakeholders initially included the Republic of Cyprus and the European Investment Bank. The bank was privatized in 2008. [1]
Imperio Properties [1] is a property development and management firm, based in Cyprus, since 2003. Imperio completed fifty projects, and its biggest project is The Icon tower, which has been completed in 2021.