Bank of Cyprus Romania also owns 93.8% of the shares of ONT Carpaţi.

Unknownplan Properties Limited was the sole participant at the bid held in July by la VF Insolvenţă, the judicial liquidator of ONT Carpaţi, through which the asset was assigned.

The most important asset owned by the Romanian branch of Bank of Cyprus is EUR 110 million credit granted to the company that owns JW Marriott hotel, extended last autumn and due in 2017.


SCH Grand, company controlled by Bau Holding Strabag, doubled its net loss in 2012 to EUR 4.7 million and registered a turnover of EUR 23.8 million. (source: