Archbishop rallies BoC shareholders

By Elias Hazou - 31/8/13 ARCHBISHOP Chrysostomos took centre stage yesterday at a gathering of old Bank of Cyprus (BoC) shareholders making a play for control of the lender. By a show of hands, hundreds of ordinary shareholders – many of whom were all but wiped out after the bank was bailed-in to recapitalize it ...

Church raising cash to maintain majority stake in Hellenic

Stefanos Evripidou - August 2013 Cyprus THE CHURCH is prepared to sell off prime real estate to raise the necessary cash to maintain its majority stake in Hellenic Bank, said Archbishop Chrysostomos II yesterday. In an interview with online financial news site Stockwatch, the Primate acknowledged that keeping the Church’s majority shares in the bank would not be ...

Cyprian Archbishop Calls On Central Bank’s Head, Finance Minister To Resign

By VOR - 1/4/13 The head of Cyprus’s Orthodox Christian Church Archbishop Chrysostom II has called on the Chairman of the country’s Central Bank Panikos Dimitriadis and Finance Minister Mihailis Sarris to resign. The archbishop accuses them of agreeing to the tough measures aimed at stabilizing the Cyprian economy which the EU and the IMF are imposing upon ...