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 …
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President Xi: China and France should jointly prevent a new cold...
By Chris Michael
“As the world goes through transformation and turbulence not seen in a century, China and France should uphold their independence and jointly...