June 25, 2014 / 9:12 AM / 3 years ago

Cyprus central bank says capital issuance by banks a smart move

NICOSIA, June 25 (Reuters) - Cyprus’s Central Bank governor said on Wednesday attempts by commercial banks to raise capital were a wise move that would bolster them for euro zone-wide stress tests later this year.

Chrystalla Georghadji told journalists she would urge banks to undergo stress tests “absolutely prepared” and with adequate capital buffers.

Bank of Cyprus, a lender which recapitalised last year by turning a percentage of deposits into equity, is to discuss capital issues and funding at a board meeting on June 26, it said on Tuesday.

Reporting By Michele Kambas, editing by John Stonestreet

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below