Most of Cyprus pain inflicted on overseas depositors, central bank says

by admin on May 9, 2013

NICOSIA (Reuters) – Cyprus' central bank said on Thursday most of the depositors who lost money at bailed-out Bank of Cyprus were from overseas and that Cypriots had not been hit as hard as might have been expected. "Seventy percent of the value of deposits concerned overseas residents, leaving Cypriot households and businesses unaffected to a greater extent than was possibly expected," Central …

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