Cyprus government views capital raise by all banks as strategically important

Cyprus government views capital raise by all banks as strategically important

 

Review Hari Stefanatos

According to the Spokesperson of the Republic of Cyprus, Nicos Christodoulides,the capital raise by all the banks is of strategic importance for the economy.

In a statement from the presidential palace today, Christodoulides said that the government is in full cooperation with the Central Bank of Cyprus in handling the capital raise by all Cypriot banks, since they believe it to be an issue of strategic importance for the country’s economic revival

“We are closely monitoring the developments”, he concluded.

(Source: CNA)