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Cyprus News Agency: News in English, 13-05-27

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Bank of Cyprus to exit resolution regime by end of July

  • [01] Bank of Cyprus to exit resolution regime by end of July

    By the end of July the resolution procedure at the Bank of Cyprus is expected to end, the House of Representatives' Finance Committee heard Monday.

    Speaking before the House Committee, Assistant Director of the Department of Supervision of the Central Bank of Cyprus, Michalis Stylianou, told MPs that by the 31st of July, the Bank of Cyprus is expected to exit its resolution regime. In addition, he said that by that date, depositors will know which percentage of their 22,5% of uninsured deposits will be converted into shares and which will be returned to the depositors.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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