Insider Business Investors dig deep into the CCB data

Investors dig deep into the CCB data

Potential investors in the Cooperative Central Bank of Cyprus have three months in front of them to closely review loan portfolios and mortgage-backed securities in order to make evaluations.

The government hopes to have in its hands the binding proposals of those interested by the end of April so that the procedure through which the investor who will take control of the bank and its assets can move forward.

Even though the relevant consultations are at an advanced stage no one can predetermine their outcome with any certainty. The investors who have been chosen by Citibank, the CBC financial advisor, have already started to collect the bank’s data, including some classified as confidential, through due diligence, so they can have the complete picture before the submission of the binding proposals. The quality of the proposals, price and terms submitted by the aspiring investors will determine who the final buyer will be.

Top Stories

Britain is at COVID-19 tipping point, health minister says

Britain is at a tipping point on COVID-19, health minister Matt Hancock said on Sunday, warning that a second national lockdown could be imposed...

‘Ianos’ Medicane leaves 3 dead, 1 missing; extensive damage & crop destruction

Three dead people, a missing woman and extensive destruction is the legacy of Medicane "Ianos" in its sweep from the Ionian Islands through central...

Exhumations and identifications of missing persons’ remains extremely low in 2020

The exhumations and identifications of remains, belonging to missing persons, recorded until September an extremely low number, Presidential Commissioner Photis Photiou has said. Photiou addressed...

Min. Kadis in Brussels for AGRIFISH Council

Minister of Agriculture Costas Kadis is travelling to Brussels on Sunday for the AGRIFISH Council which will discuss the reforms in the Common Agriculture...

Indian police arrest local journalist allegedly spying for China

Police in India's capital city on Saturday said they had arrested a local freelance journalist on allegations he was passing "sensitive information" on to...

Taste

Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...

Ravioli

Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...