![bank-of-cyprus-to-announce-new-vrs-to-rationalise-cost-base,-its-ceo-tells-cΝΑ-[video]](https://ccnnetwork.cn/wp-content/uploads/2019/10/30930/bank-of-cyprus-to-announce-new-vrs-to-rationalise-cost-base-its-ceo-tells-c5929-video.aspx "bank-of-cyprus-to-announce-new-vrs-to-rationalise-cost-base,-its-ceo-tells-cΝΑ-[video]")
Advertisement 
Bank of Cyprus, the island’s largest lender, will announce soon a new voluntary retirement scheme in bid to rationalise its cost, hit by negative rates, the Bank`s Managing Director Panicos Nicolaou said in an interview with CNA. Nicolaou said the bank is currently examining a new sale of non-performing loans, called Helix 2, which is expected to conclude in the fist half of 2020, a move that could facilitate the further reduction of bad loans and would mark the end of …
Advertisement
Advertisement
