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Financial Mirror (Cyprus) - - FRONT PAGE -

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

CAIR cash:

HSBC

sells

Laiki:

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