Cyprus FinMin issues a Decree for BoC

Finance Minister Charis Georgiades issued Tuesday the Enforcement of Temporary Restrictive Measures on Transactions of Bank of Cyprus Public Co Ltd. Decree, of 2013. According to an official press release issued here

Bank of Cyprus bail-in set at 47.5%

Cyprus and its international lenders have agreed to convert 47.5% of deposits exceeding 100,000 euros in Bank of Cyprus to equity to recapitalize the bank. Deputy Government Spokesman Victoras Papadopoulos said on