Arab Today, arab today bank of cyprus chairman resigns
Last Updated : GMT 11:21:26
Arab Today, arab today
Arab Today, arab today

Bank of Cyprus chairman resigns

Arab Today, arab today

Arab Today, arab today Bank of Cyprus chairman resigns

Nicosia - AFP

The chairman of the Bank of Cyprus has resigned in the wake of an international bailout deal that hits the island\'s biggest lender, state media reported on Tuesday. The Cyprus News Agency said the bank\'s chairman Andreas Artemis had tendered his resignation and it would go before the board later in the day. The bailout agreed in Brussels in Monday hits investors with deposits of over 100,000 euros at both Bank of Cyprus and at Laiki, the island\'s number two lender, and calls for the effective wrapping up of Laiki. Local news website Stockwatch said Artemis had resigned because of the condition in the 10-billion-euro bailout that the Bank of Cyprus would have to absorb Laiki\'s debts. He also cited the appointment of an administrator for the Bank of Cyprus without first informing the group\'s management and the sale of the bank\'s branches in Greece, Stockwatch said. The Cyprus central bank said earlier on Tuesday that it had appointed Dinos Christofides as a special administrator to \"implement the restructuring of the Bank of Cyprus\". All of Cyprus\'s banks remained closed for an 11th day on Tuesday after the central bank put back their planned reopening until Thursday.

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*

Arab Today, arab today bank of cyprus chairman resigns Arab Today, arab today bank of cyprus chairman resigns

 



Arab Today, arab today

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*

Arab Today, arab today bank of cyprus chairman resigns Arab Today, arab today bank of cyprus chairman resigns

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday