Laiki gets offer for stake in Malta’s Lombard Bank

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Laiki gets offer for stake in Malta’s Lombard Bank
 © BusinessMail 2018
By Stelios Orphanides

The administrator of the defunct Cyprus Popular Bank has received an offer from a Maltese fund to buy its stake in Malta’s Lombard Bank, a move favoured by the regulator.

A source with knowledge of the situation said that the administrator last week received an offer from the Individual Investor Programme (IIP), the fund managing Malta’s revenue from the sale of passports, at a “price (which is) the best possible”.

He also received a deadline to respond which expires this week in the form of “take it or leave it,” the source said.

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This article was automatically added to our system 7-3-2018

Laiki gets offer for stake in Malta’s Lombard Bank


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