• The Enforcement of Temporary Restrictive Measures on Transactions of Bank of Cyprus Public Co Ltd. Decree of 2013   Significant Developments for the Bank of Cyprus
  • August 14, 2013
  • Law Firm: Christodoulos G. Vassiliades Co. LLC - Nicosia Office
  • On 30th July 2013, the Ministry of Finance and the Central Bank of Cyprus announced that the capitalisation of the Bank of Cyprus (‘the Bank’) was concluded by an overall conversion of 47.5% of uninsured deposits into shares in the Bank, a lower figure than the originally estimated 60% reserved for equity conversion.