ECONOMY

Cyprus Popular in capital-strengthening talks with gov’t

Cyprus Popular Bank Pcl, the island?s second-largest lender, said it is in discussions with the country?s Finance Ministry and central bank on the lender?s capital strengthening plans, the Nicosia-based bank said in a filing to the Athens bourse on Monday.

The use of participation incentives in any capital strengthening plan for existing shareholders and new investors is being discussed, according to the filing.

[Bloomberg]