Government to give depositors, borrowers 25% in Co-op

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Government to give depositors, borrowers 25% in...
 © CyprusMail 2020
The government has decided to hand over 25 per cent of the state-owned Cooperative Central Bank (CCB) to its customers free of charge, Finance Minister Harris Georgiades said on Wednesday.

Georgiades, who was addressing reporters after a cabinet meeting, said the beneficiaries were 350,000 individual co-op customers, depositors, and “reliable borrowers,” according to an emailed statement.

“It’s an extremely important decision, which to a large extent brings the co-op back to the citizens’ hands,” Georgiades said, adding that it is important to...


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This article was automatically added to our system 31-5-2017

Government to give depositors, borrowers 25% in Co-op


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Article Tags: government, depositors, borrowers,