Cyprus Mail
Business

Bailed-in depositors should turn to government, EU, not to the BoC, Ross says

According to Bank of Cyprus' major shareholder, Wilbur Ross, Cyprus can attract fund managers following the Brexit vote

By Stelios Orphanides

Bank of Cyprus vice chairman Wilbur Ross said that depositors at the lender who lost part of their deposits last year when it was converted into equity as part of Cyprus’s bailout terms should complain at the government or the European Union, as investors who participated in the latest capital increase were not involved in that decision.

 

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