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Athens Macedonian News Agency: News in English, 13-03-22
CONTENTS
[01] Agreement on acquisition of Cypriot banks' branches in Greece
[01] Agreement on acquisition of Cypriot banks' branches in Greece
AMNA---Greece and Cyprus have agreed on the acquisition of the Cypriot
banks' branches in Greece by a Greek banking group, Athens' Finance
Ministry announced on Friday.
A Finance Ministry announcement said that "the procedure for the
acquisition of the Cypriot banks' branches in Greece by a Greek banking
group, in close cooperation with the Central Bank of Cyprus, is beginning
immediately".amna
The same announcement said that "with this development, Greece is being
shored up given that the entirety of the deposits of citizens in the
Cypriot banks is totally secured".
"We are working night and day for the complete ensurance of the stability
of the banking system as well as for finding a sustainable solution
for the economy of Cyprus and its citizens," Greek Finance Minister
Yannis Stournaras.
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