Hellenic mulling how many Co-op branches to shutter

28-8-2018 Cyprus Mail CyprusMail Cool

Hellenic mulling how many Co-op branches to...

As Hellenic Bank officially takes over parts of the Co-op bank by the end of the week, its management is assessing which branches to shutter, an executive said on Tuesday.

This coming Friday will be the last day of the Co-op bank in its current form and also the start of a process to transfer certain assets and liabilities to the Hellenic Bank .

The Co-op bank, as a brand name, will disappear in the next 15 months, in line with Cyprus’ obligations towards European banking authorities.

“The keys, if you like, will be handed over on Friday,” said Hellenic’s Irena Georgiadou, chair of the...

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This article was automatically added to our system 28-8-2018

Hellenic mulling how many Co-op branches to shutter

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