en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
NEWS

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
Newsletters
5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
2017.10.21
HUF 0.0038
GBP 1.3186
CHF 1.0191
RUB 0.0174
HKD 0.1282
JPY 0.0088
CNY 0.1511
CAD 0.8004
AUD 0.785
BRL 0.315
EUR 1.1818

Important Information

Cyprus, lenders set Bank of Cyprus bail-in at 47.5 pct, sources say


29/07/2013

Cyprus, lenders set Bank of Cyprus bail-in at 47.5 pct, sources sayCyprus and its international lenders have agreed to convert 47.5 percent of deposits exceeding 100,000 euros in Bank of Cyprus to equity to recapitalize it, banking sources said on Sunday.

Under a programme agreed between Cyprus and lenders in March, large depositors in Bank of Cyprus were earmarked to pay for the recapitalisation of the bank. Authorities initially converted 37.5 percent of deposits exceeding 100,000 euros into equity, and held an additional 22.5 percent as a buffer in the event of further needs.

"There was an agreement concluding at a final figure of 47.5 percent this morning," a source close to consultations told Reuters.

http://www.reuters.com

 

 


 

Related jurisdictions:
Cyprus
Top