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07.03.2014 - 12: 09

Some banks in Cyprus have to go stress test

In the near future activities in Cyprus appreciate Russian Commercial Bank (RCB), Bank of Surrus, Hellenis Bank and Cooperative Bank.

This complicated procedure consists of several stages. Its result will be to identify the needs of the bank, as well as capital adequacy.

European Central Bank (ECB) publishes the results of these stress tests in October.

The aim of this test is greater transparency of the banking sector.

A source:

Tags: Cyprus, Banking, Economics, ECB