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Archive for November, 2013

Why Bank of Cyprus should not be separated

Rather than establishing a separate Asset Management Company, it’s likely that the Bank of Cyprus will set up a separate internal non-performing loan unit to pro-actively manage problematic loans.

Hellenic Bank recapitalised

The Hellenic Bank has announced its successful recapitalisation following a 24-hour grace period it received from the troika, with three firms offering a total of over €100 million for its recapitalisation.

Banking commission final report released

The Independent Commission on the Future of the Cyprus Banking Sector has published its final report and recommendations for the long term recovery of the Cypriot banking industry.

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