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Cyprus Popular Bank

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2013

    Deposit losses and the Cyprus banking resolution

    The bank’s collapse became a central part of the controversial 2013 Cyprus rescue and resolution programme. Depositors, shareholders and creditors faced losses or restrictions as the institution was split, viable operations were transferred to Bank of Cyprus, and the remaining entity entered wind-down. Public and legal disputes followed over the treatment of deposits, the causes of the failure and the conduct of the restructuring.

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