Ancoria Insurance was the main sponsor of a three-day seminar organised by Agios Spyridonas Special School for children on September 10 -- 12.
A momentous milestone was when Larsson decided to donate all his shares of Ancoria Insurance Public Ltd to the Foundation.
Newly established Cypriot bank, Ancoria Bank, has selected Oracle FLEXCUBE for its core banking operations.
Ancoria Bank is looking to start operations by the second half of 2015 with two branches in Nicosia and Limassol.
Newly established Ancoria Bank is launching in Cyprus, where it will focus on servicing small to midsize enterprises, as well as a segment of the retail sector.
Ancoria Bank has selected Oracle FLEXCUBE Universal Banking, Oracle FLEXCUBE Direct Banking, and Oracle FLEXCUBE Information Server to support its mission of becoming the most flexible bank in Cyprus with the ability to issue new products and services within a matter of days.
Ancoria Insurance, a Cyprus-based life insurer since 1987, is launching a banking subsidiary that will deal primarily with retail and small to medium sized (SME) financing.
Ancoria Bank has just been issued a banking license by the Central Bank of Cyprus and is expected to start its operations next year with two branches, one in Nicosia and one in Limassol.
The Central Bank of Cyprus will carry on with the giving banking business licence to Ancoria
Supervisory authorities will grant a banking license to Ancoria
Bank Limited, the first bank to open in Cyprus after last year's banking crisis which saw the closure of Laiki Bank, the Central Bank said.
According to CBC press release issued here on Monday, Demetriades welcomed the submission of the application of Ancoria
Holdings, noting that it will be examined as soon as possible on the basis of the specific criteria which must be met by all applications in order to get a banking license, such as rules on corporate governance and the implementation of relevant European directives and guidelines.
The Cyprus-registered company is a subsidiary of Ancoria
Insurance, which has been based on the island for the last 27 years.