UBS has revised higher its price target on the shares of Laiki Bank Pcl (CPB) from EUR 7.46 to EUR 10 per share on the back of a sharp increase in anticipated profit increases, maintaining its Buy2 recommendation. The Swiss bank sees the planned merger between Marfin Financial Group, Egnatia Bank and Laiki as highly

De Nederlandsche Bank N.V. (The Netherlands Central Bank) and the Central Bank of Cyprus, expressing their mutual interest and willingness in establishing and promoting bilateral ties in supervising credit institutions, signed a “Memorandum of Understanding”, a press release issued here today by the Central Bank of Cyprus said.According to the press release the “Memorandum of

Demetris Kontominas is reported to have secured control of the dormant Ledra Insurance from the Hellenic Bank Group, which if confirmed will signal his return back to Cyprus. The Greek financial web site, euro2day.gr reported that Kontominas has purchases the shell company Ledra Insurance from Hellenic, thus causing many people in the industry to “loose

Heavy buying on the shares of Marfin Financial Group coupled with a bullish investment recommendation from UBS were instrumental in pushing the share price of Laiki Bank to a new record close of EUR 7.46 or CYP 4.30 in brisk trading on Friday. Laiki shares were the most active on Friday trading and rallied strongly

Edited by Michael Kyrou CFA Vice President CFA Society of Cyprus Investing wisely is a function of your specific needs and goals. Each investor has different objectives that need to be met depending on age, income, planned activities, and attitudes about risk. How can you work with your investment advisor to best determine which investments are

Several key reasons why we lose money   Before making investment decisions, both investors and investments managers should keep their cool and “switch to decaf” Lawrence Speidell, CFA Institute Distinguished Speaker and General Partner at Ondine Asset Management LLC, told the Financial Mirror. Speidell was in Nicosia to speak about behavioural finance at the Third

Piraeus Bank issue depends on protecting shareholder value   Bank of Cyprus Pcl (BOC) is seen maintaining its double digit income growth while at the same time keeping cost increases under tight control with a good possibility of delivering another set of satisfactory results in 2007, said Charilaos Stavrakis, Cyprus CEO and Group Deputy CEO.

Vassiliko Cement Works Pcl (VCW) declared a 1.5c or EUR 2.6 per share interim dividend or 6% on nominal value, the same as a year ago following the announcement of a sharp increase in profitability during the first nine months of the year. The Board of Vassiliko decided that all those on the share register