Home Economics Bank of Cyprus Posts Record 2.2-bn-Euro loss for 2012

Bank of Cyprus Posts Record 2.2-bn-Euro loss for 2012

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Bank of Cyprus posts record 2.2-bn-euro loss for 2012 (via AFP)

Bank of Cyprus, the recession-hit Mediterranean island’s largest lender, Friday announced a record loss of 2.21 billion euros ($3 billion) in 2012, up more than 60 percent on its 2011 losses. Cyprus agreed in March to a 10-billion-euro rescue package…

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