Cyprus Popular boosts core Tier 1 capital

Cyprus Popular Bank Pcl, the Eastern Mediterranean island?s second-biggest lender, has boosted core Tier 1 capital by 115 million euros through the buyback of securities.

Of 450 million euros of floating rate lower Tier 2 securities maturing in 2016, 76 percent were tendered after the bank offered to repurchase them, the Nicosia-based lender said in an e-mailed statement on Monday.


Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.