Hellenic bank in troubled Cyprus recapitalises

By AFP
Updated on

Hellenic bank in troubled Cyprus recapitalises (via AFP)

Hellenic Bank, the second-largest lender in recession-hit Cyprus, said Friday it has overshot its 294 million euro ($396 million) recapitalisation needs with three new major stakeholders snapping up shares. The Cypriot Orthodox Church had been the major…



 

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