Deposits of Bank of Cyprus Romania customers taken over by Marfin Bank fall under Romanian legislation

The Republic of Cyprus' Central Bank has decided by decree to transfer a part of the assets and liabilities of the Romanian subsidiary of Bank of Cyprus (BoC) to Marfin Bank Romania SA, a Romanian bank with foreign capital, subject to the regulations and supervision of Romania's Central Bank (BNR), reads a BNR release.According to the BNR, the deposits transferred from the BoC's branch ...

Developed by Codecraftsman