Cyprus President expresses “full confidence” in Finance Minister

Cyprus President, Nicos Anastasiades, has expressed his “full confidence” in Finance Minister Harris Georgiades after a Committee of Inquiry on the demise of the Cyprus Cooperative Bank found that Georgiades had the biggest responsibility.

The CCB, Cyprus second largest lender which was bailout by the state in 2013 and in 2015 with €1.7 billion, was split between a bad bank and a good bank, with the latter sold to Hellenic Bank, which paid the state with €74 million and received a balance sheet of €10.3 billion.

“It is not my intention for the time being to comment in detail on everything written...


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Cyprus President expresses “full confidence” in Finance Minister


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