DUBAI/WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler …
Read More »As clock ticks for troubled bank, Cyprus hopes in US funds
Bloomberg A plan to carve out and sell the performing assets of Cyprus Cooperative Bank Ltd is attracting interest from US investment funds, said Nicholas Hadjiyiannis, Chief Executive Officer of the troubled Nicosia-based lender. Burdened by 6.2 billion euros ($7.6 billion) of non-performing exposures —equal to about one third of the country’s total economic output— Cyprus Coop is struggling to …
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