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Global Trade Alert

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Cyprus: Recapitalisation of Cyprus Popular Bank

Description

On 15 May 2012, Cyprus notified the EC about their intention to recapitalize the Cyprus Popular Bank (CPB). Only days later, Cyprus notified a EUR 1.8 billion recapitalisation for CPB. CPB is the se...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

13 Sep 2012

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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