The country’s biggest lender took cash absent from savers to survive in 2013. Now,remarkably, Bank of Cyprus is hoping to drift in LondonOnly three years ago, and Bank of Cyprus was on the critical list. It had been forced – under the terms of a €10bn bailout of the country – to seize cash from its savers and was being kept afloat by billions of euros pumped in from the central bank.
But,in a story of revival that mirrors the recovery in the Cypriot economy, the bank is now eyeing a listing in London and outlining plans to expand in the UK.
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Source: theguardian.com