Cyprus Mail
Business

New Laiki administrator appointed

By Stelios Orphanides

The Central Bank of Cyprus in its capacity as resolution authority, on Monday appointed Chris Pavlou administrator of the defunct Cyprus Popular Bank, also known as Laiki.

“In addition, the resolution authority announces that it reached a preliminary agreement with the Investment Bank of Greece, a Laiki Bank affiliated unit, to provide financial consultant services on the evaluation and possible sale of Laiki Bank’s assets, aiming at maximising benefits to its creditors,” the CBC said.

Related posts

Teaching unions threaten work stoppages next week

Evie Andreou

UN will continue to be guided by relevant Security Council resolutions on Varosha

Source: Cyprus News Agency

Municipalities squabbling over waste management fees

Elias Hazou

Free scuba diving for the disabled

Staff Reporter

MPs press state services over child protection after teen suicide

Evie Andreou

Illegally parked cars should be towed away, say wheelchair users after fatal accident

Gina Agapiou