Brussels, 30/01/2014 (Agence Europe) - The Bank of Cyprus, the country's biggest bank, decided on Thursday 30 January to release fixed-term deposits (six-month time deposits that were blocked as per the decrees relating to the recapitalisation of the bank in July 2013 and mature on 31 January 2014).
Despite the Bank's right for the automatic renewal of these deposits, totalling €950 million, for another six months, the Board of Directors has proceeded with the release of deposits because...