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950 mln including foreign resident loans, resulting in a 30% share of all loans in the market, estimated at CYP 13.5 bln. The Co-ops also lifted their share of loans by 18% year-onyear, whereas the market only expanded by 7% from 2004.
The fate of the 385 staff at Cyprus Airways about to be made redundant depend on how soon the government can buy charter subsidiary Eurocypria and inject CYP 15 mln in much needed cash for the ailing national carrier.
HSBC completed its transfer of a 21.16% stake in Laiki Bank Group of which 9.98% is headed to the Marfin Financial Group, 8.18% to Tosca