06.12.2022

  • The European Central Bank (ECB) seems to favour merging the performing operations of the Cyprus Cooperative Bank(CCB) with another Cypriot lender, Finance Minister Harris Georgiades said on Thursday.

  • He was responding to questions by MPs during a joint meeting of the House finance and watchdog committees on the future of the troubled Co-ops.

  • “I would not rule out, even if there are various proposals at the table, the preapproval by the supervisory entity of that choice, which would include merging with another bank,” Georgiades said.

  • CEO of the CCB, Nicholas Hadjiyiannis, said that outflows of deposits from the beginning of the year reached € 1.9bn, with the largest daily outflows being observed in the last days of March.

19/04/18 03:15

ΛΕΞΕΙΣ ΚΛΕΙΔΙΑ

EU push for ‘good’ part of Co-op to merge with local lender

The European Central Bank (ECB) seems to favour merging the performing operations of the Cyprus Cooperative Bank (CCB) with another Cypriot lender, Finance Minister Harris Georgiades said on Thursday. He was responding to questions by MPs during a joint meeting of the...

Cyprus Mail ·

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