Cyprus Mail
Cyprus

State deposits some of its cash in three local banks

The Presidential Palace

The cabinet decided on Wednesday to deposit part of the state’s available liquid funds to three Cypriot banks: the Bank of Cyprus, the Hellenic Bank and the Cooperative Bank with an unspecified interest rate.

Speaking after the meeting Deputy Government Spokesman, Victoras Papadopoulos, said the liquid fundsof the state were, until now, deposited at the Central Bank with zero interest rate.

“It is an act of tangible support for the banks and a manifestation of the confidence of the Cyprus Government in them,” he said.

 

 

Related Posts

Earthquake prompts safety warnings over older buildings

Nick Theodoulou

Feeding stray cats – the issue is a mess

CM Guest Columnist

Large chunk of Paphos statue recovered

Nick Theodoulou

Failed second-round candidates ponder options

Nick Theodoulou

Raucous Disy meeting over whether to back Christodoulides (Update 4)

Nick Theodoulou

Data commissioner received 25 cases of election meddling

Andria Kades

1 comment

Comments are closed.