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Central Bank of Cyprus (CBC) has filed an application to the Nicosia District Court for the liquidation of former Laiki Bank, more than seven years after the bank’s consolidation process started, following Eurogroup decisions in 2013. CBC Governor Constantinos Herodotou told Parliamentary Committee on Finance on Monday, that the Central Bank submitted the request to the Court of Nicosia on 8 January 2021 and that the beginning of the liquidation process now depends on the Court. He also said that the completion …
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