Cyprus
Cyprus-based RCB rules out unsecured loans
Cyprus-based lender RCB has denied reports of extending unsecured loans. Latest British media reports turned spotlight on alleged role of RCB in providing unsecured loans to people close to Vladimir Putin, President of Russia. Cyprus Central Bank said it was probing into the issue.
Malta-based cable firm Go agrees to purchase stake in Cablenet for €12M
Marsa, Malta-based telephone and cable television services provider Go PLC agreed to purchase a 25% stake in Nicosia, Cyprus-based firm Cablenet Communications Systems Ltd for €12 million in convertible loan.
Japan's Rakuten purchases Viber for $900 million
Rakuten said it will purchase messaging application Viber for $900 million, marking the latest and largest acquisition of the biggest internet company in Japan, TechCrunch reported.
Bank of Cyprus hired former RBS deputy chief to lead restructuring
In its efforts to restructure the company, Bank of Cyprus hired former deputy chief executive Euan Hamilton from the Royal Bank of Scotland as a consultant. Bank of Cyprus's efforts to turn the state of the company around has been hindered by political infighting as well as heavy criticism over its lack of transparency.
