Cyprus, officially called the Republic of Cyprus, is an island country in the Eastern Mediterranean. The third largest and third most populous island in the Mediterranean, it is located south of Turkey; west of Syria and Lebanon; north of Egypt, Israel, and the Palestinian region of the Gaza Strip; and southeast of Greece.
The economy of Cyprus is a high-income economy as classified by the World Bank, and was included by the International Monetary Fund in its list of advanced economies in 2001. Erratic growth rates in the 1990s reflected the economy's vulnerability to swings in tourist arrivals, caused by political instability on the island and fluctuations in economic conditions in Western Europe.
Alpha Bank is the second largest Greek bank by total assets, and the largest by market capitalization of €2.13 billion. It has a subsidiary and branch in London, England and subsidiaries in Albania, Cyprus and Romania. Founded in 1879, it has been controlled by the Costopoulos family since its inception. Currently Ioannis Costopoulos, grandson of original founder John F. Costopoulos, and nephew of Stavros Costopoulos, foreign minister in the government of Georgios Papandreou, is the honorary chairman. On January 16, 2015, Alpha Bank requested Emergency Liquidity Assistance (ELA) from the Bank of Greece.
Piraeus Bank A.E., is a Greek multinational financial services company with its headquarters in Athens, Greece. Piraeus Bank's stocks are listed on the Athens Stock Exchange (ATHEX) since January 1918.
AEK Larnaca FC is a Cypriot professional football club from Larnaca, Cyprus. Their home ground as from the 2016–2017 season is the brand new AEK Arena - Georgios Karapatakis stadium with a capacity of 7,400 spectators. The club was formed in 1994 after a merger of two Larnaca clubs, EPA Larnaca and Pezoporikos. The club has also basketball sections for men AEK Larnaca BC and a volleyball section for women.
Bank of Cyprus is a Cypriot financial services company established in 1899 and headquartered in Strovolos.
Hellenic Bank Public Company Ltd is in Cyprus.
Marfin Investment Group is a Greek investment company created in 1998 as Marfin Α.Ε.Π.Ε.Υ.. It has acquired several companies and has changed name several times since. In 2001 it acquired Piraeus Prime Bank and was renamed Marfin Bank. In 2004 it took the name Marfin Financial Group following the triple merger of Comm Group, Marfin Classic Α.Ε.Ε.Χ and Maritime and Financial Investments.
Cyprus Popular Bank was the second largest banking group in Cyprus behind the Bank of Cyprus until it was 'shuttered' in March 2013 and split into two parts. The 'good' Cypriot part was merged into the Bank of Cyprus and the 'bad' part or legacy entity holds all the overseas operations as well as uninsured deposits above 100,000 Euro, old shares and bonds. The uninsured depositors were subject to a bail-in and became the new shareholders of the legacy entity. As at May 2017, the legacy entity is one of the largest shareholders of Bank of Cyprus with 4.8% but does not hold a board seat. All the overseas operations, of the now defunct Cyprus Popular Bank, are also held by the legacy entity, until they are sold by the Special Administrator, at first Ms Andri Antoniadou, who ran the legacy entity for two years, from March 2013 until 3 March 2015. She tendered her resignation due to disagreements, with the Governor of the Central Bank of Cyprus and the Central Bank Board members, who amended the lawyers of the legacy entity, without consulting her. Veteran banker Chris Pavlou who is an expert in Treasury and risk management took over as Special Administrator of the legacy entity in April 2015 until December 2016. The legacy entity is pursuing legal action against former major shareholder Marfin Investment Group.
The FTSE/Athex Large Cap is the stock index of the twenty-five largest companies on the Athens Stock Exchange.
Andreas Vgenopoulos was the chairman of Marfin Investment Group and was a major shareholder of Panathinaikos FC. Vgenopoulos resigned from Panathinaikos in June 2010 citing differences with Giannis Vardinogiannis. His departure disappointed the fans of Panathinaikos. Vgenopoulos owned 1% of Marfin Popular Bank and 1,5% of the Marfin Investment Group. He had also been a Greek champion of Panathinaikos' Fencing department.
Optima bank S.A., is a company operating as a bank, located in Athens, within Greece.
Chris Pavlou is an International banker and a business executive. He was the Vice-Chairman of Cyprus Popular Bank. He was in this position since September 17, 2012. On 28 March 2013 he resigned as Vice Chairman of Laiki Bank but in April 2015 until December 2016 was appointed by the Central Bank of Cyprus in its capacity as resolution authority as Special Administrator of the legacy entity of Laiki Bank.
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the international markets and the reluctance of the government to restructure the troubled Cypriot financial sector.
The Economic Adjustment Programme for Cyprus, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Republic of Cyprus in order to cope with the 2012–13 Cypriot financial crisis.
Alki Oroklini is a Cypriot football club based in Oroklini. The team was founded as Omonia Oroklinis in 1979. Omonia had one participation in the Fourth Division. In 2014 the team changed their name to Alki Oroklini, when business man Andy Loppas, who became the president of the team, renamed it to Alki as his favorite team was Alki Larnaca FC which was dissolved that year, due to financial problems. Alki managed the outstanding 3 promotions in 3 years from the fourth division to cypriot first division, the highest tier in cyprus.
Ormideia FC is a Cypriot football club based in Ormideia. Founded in 2006, was playing sometimes in Third and in Fourth Division.
Sourouklis Troullon was a Cypriot football club based in Troulloi, Larnaca. The team was playing sometimes in Cypriot Third Division and in Cypriot Fourth Division. In 2015 were merged with Dafni Troulloi to form Troulloi FC 2015.
AEN Ayiou Georgiou Vrysoullon-Acheritou is a Cypriot football club based in Ayios Georgios Vrysoullon, Cyprus. The team has played once in the Third Division and four times in the Fourth Divion/STOK Elite Division. It participated once in the Cypriot Cup for lower divisions in 2012–13, losing in the semi-finals to ENTHOI Lakatamia FC who were also in the Fourth Division.
