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Bank of Cyprus unlocks part frozen deposits

Bank of Cyprus unlocks part frozen deposits

02.09.2015
Tags: Economy, Banks

According to the information portal DOKACY.COM, expected in late January. that Bank of Surrus unfreeze the deposits totaling approximately € 900 million., nearly one-third of the funds frozen after the March "haircut" Cypriot banks.

Of course, unlocking such a significant amount will help revive the market and would be an indication that the situation began to stabilize in the bank.

However, the "troika" of international creditors, does not support this decision. But her opinion is only advisory in nature and can not prevent the adoption of decisions.

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