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181. Astrobank in talks to buy National Bank of Greece Cyprus unit

182. UK parties declare support for Cyprus reunification

The main British political parties, as well as a pro-Cypriot group of MPs, have reiterated their support for the reunification of the island in recent statements addressed to the National Federation of Cypriots in the UK...

183. Hellenic mulls over selling delinquent loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

184. Forbes calls Wilbur Ross a ‘grifter’

US Secretary of Commerce Wilbur Ross, the former vice-chairman of Bank of Cyprus, is being accused of being a grifter, following allegations that he swindled associates out of millions...

185. Government and Co-op begin consultations with bidders

186. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

187. Sainsbury's and Asda agree 13.3 billion pound merger

Sainsbury’s and Asda, the UK arm of Walmart, confirmed they had agreed a 13.3 billion pounds merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco...

188. Trump and Macron seek stronger measures on Iran

With a May 12 deadline looming for Trump to decide on restoring US economic sanctions on Tehran, Macron said he spoke to Trump about a “new deal”...

189. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...