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Daily Archives: March 16, 2013

Greek banks to absorb branches of three Cypriot banks

Greek banks will absorb the branches of Cypriot banks “Cyprus”, “Laiki” and “Elliniki”, Greek media reported on Saturday, hours after the Eurogroup decided on Cyprus bailout. Citing government and banking sources, Greek and international media report that “Cypriot banks will transfer their Greek units to Greek owners.” The units of …

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