Finance minister mulls compensating bailed-in depositors with coop shares

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Finance minister mulls compensating bailed-in...
 © CyprusMail 2020
Finance minister Harris Georgiades said that the government is considering compensating depositors affected by the bail-in in 2013 with shares in the Cooperative Central Bank.

The finance minister, who was addressing lawmakers in his annual budget speech on Friday, said that the €1.7bn capital injection into the lender, 99-per-cent owned by the government, “has been given in the name of our fellow citizens and I believe that it is an imperative to return the coops to the citizens as soon as possible”.

“Receiving this amount is not a priority but...


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Finance minister mulls compensating bailed-in depositors with coop shares


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Article Tags: finance, minister, mulls, compensating, bailed, depositors, shares,