Failure to approve Co-op deal would be disastrous, CBC warns

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Failure to approve Co-op deal would be...
 © BusinessMail 2019
By Stelios Orphanides

A central bank official warned MPs on Thursday that failure in implementing Hellenic Bank’s agreement with the Cyprus Cooperative Bank to acquire that latter’s operations would be “disastrous,” the Cyprus News Agency (CNA) said.

“Under the circumstances, and taking into account the information available, this is the best that could be achieved,” Yiangos Demetriou, the CBC’s head of supervision told the House watchdog committee. “Let me be clear, if the deal is not completed and if all that needs to be done is not done, the...


This article was automatically added to our system 28-6-2018

Failure to approve Co-op deal would be disastrous, CBC warns


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