bank of cyprus sells off subsidiary in ukraine
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bank of Cyprus sells off subsidiary in Ukraine

Arab Today, arab today

Arab Today, arab today Bank of Cyprus sells off subsidiary in Ukraine

Nicosia - XINHUA

Bank of Cyprus said on Friday that it had sold its subsidiary in Ukraine in line with a recommendation by Cyprus's international lenders. The bank's president, Crhistis Hasapis, said the subsidiary was sold for 225 million euros (304 million U.S. dollars) but he did not name the purchaser. He added that the selling of the Ukrainian subsidiary will both lead to a risk reduction given the turmoil in Ukraine and strengthen the bank's liquidity. Bank of Cyprus was forced to alienate its Greek business, which accounted for about half of its turnover, as part of a 10-billion-euro bailout for Cyprus by the Eurogroup and the International Monetary Fund 10 months ago. It was also instructed to sell off its subsidiary in Ukraine as part of moves to reduce its size. Hasapis said the selling of the bank's interests in Ukraine is part of the moves to restore its normal operation in line with the overall economic situation. Bank of Cyprus announced on Thursday the release of 950 million euros in time deposits frozen under a recapitalization arrangement last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of cyprus sells off subsidiary in ukraine bank of cyprus sells off subsidiary in ukraine

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of cyprus sells off subsidiary in ukraine bank of cyprus sells off subsidiary in ukraine

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday