Brussels, 19/11/2012 (Agence Europe) - On Sunday 18 November 2012, the Central Bank of Cyprus announced that it had reached agreement with the troika of lenders (European Commission, ECB and IMF) on the bailout of Cypriot banks, one arm of the financial bailout deal currently being negotiated by the Cypriot government and its future European lenders. Reuters says the two sides have agreed that 9% of Core Tier 1 capital will be required for Cypriot banks by 2014, rising to 10% in 2014. The exact sums involved will be decided on the basis of an interim report to be published by PIMCO investment company early next month. Retail and cooperative banks will now be supervised by the ECB, the Cypriot ministry of finance and the Central Bank of Cyprus. (MB and EL/transl.fl)