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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Piraeus Bank to add 9 more Cyprus branches by March ]

Piraeus Bank to add 9 more Cyprus branches by March

The acquisition of the Arab Bank network in Cyprus by the Piraeus Bank has concluded after the contracts for the acquisition were signed on Friday, following the agreement announced in December 2007.

Arab Bank has four branches, its own premises covering 4.600 sq.m. in central Nicosia, a staff of 105, a loans portfolio of €126 mln and deposits of €246 mln. The cost of the acquisition amounted to €15 mln.

Piraeus Bank (Cyprus) plans to open nine more branches by March.

The agreement was signed by Constantinos Loizides, Chairman and Managing Director of Piraeus Bank (Cyprus) and Sami Makarem Country Manager of Arab Bank in Cyprus. Also present were Marios Savvides and George Appios, the two General Managers of Piraeus Bank (Cyprus) and Charalambos Kouzalis, Corporate Banking Manager of Arab Bank in Cyprus.

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