Monday 24 July 2017

Cyprus Central Bank denies second largest lender to be shut down

THE Cypriot central bank denied reports and frantic rumours on Thursday that stricken Cyprus Popular Bank, the island's second-largest lender, is to be closed down.

"We deny these reports. Efforts are under way right now to find the best possible solution for this bank," Central Bank spokeswoman Aliki Stylianou told state television.

Reuters

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