Global Trade Alert
Global Trade Alert

Cyprus: Recapitalisation of Cyprus Popular Bank

Announcement

13 Sep 2012

In September 2012, the government of Cyprus announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

13 Sep 2012

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

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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