‘Dozens of rural communities left without banking services’

CyprusMail | Sep 17, 2019 at 4:52 PM
  • MAIN opposition Akel has again highlighted the issue of the ongoing closure of bank branches formerly operated by the Cyprus Cooperative Bank (CCB) and since taken over by Hellenic Bank, leaving several communities, especially in remote areas, stranded.
  • In a statement, the Cyprus Asset Management Company (Kedipes) said the integration completed smoothly and that clients of the former CCB would not be affected in any way.
  • It was set up as a 100 per cent subsidiary of the CCB to manage the non-performing loans, real estate and other assets amounting to some €8 billion not part of the transfer to Hellenic, among which non-performing loans amounting to €7.4 billion.