Bloomberg News

Cyprus Central Bank Says Banks Should Step Up Capital Strength

October 27, 2011

Oct. 27 (Bloomberg) -- Cypriot banks should increase the pace of efforts to meet new minimum capital requirements, the Central Bank of Cyprus said in an e-mailed statement today.

The central bank will work closely with the Cypriot Finance Ministry on ensuring the country’s banks meet the new requirements, according to the statement.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Maria Petrakis at mpetrakis@bloomberg.net


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