Cyprus Mail
Cyprus

Central bank fines Societe Generale

The central bank said on Wednesday it had imposed a €100,000 administrative fine on Societe Generale Bank – Cyprus Ltd for failure to comply with the Business of Credit Institutions Law.

A brief announcement said the failure was with regard to the Central Bank of Cyprus’ directive on governance and management arrangements in credit institutions of July 2014,over Societe Generale’s composition and functioning of its management body.

 

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