COOP welcomes the outcome of stress tests

Cyprus` Co-operative Central Bank was among 130 banks across Eurozone that took part in the stress tests, carried out by the European Central Bank and the European Banking Authority.

In a press release issued on Sunday, CCB said it would continue “the methodical work to enhance the traditional role of the Co-ops in the Cypriot society and economy”, based on these results.

It said that the baseline scenario of the stress tests revealed a capital surplus of €526 mn and the adverse scenario €331 mn.