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Bank of Cyprus concludes exit from Romania

Bank of Cyprus liquidated its activities in Romania by selling its last portfolio of nonperforming loans and real estate worth roughly EUR 147 mln.   The assets were acquired by the APS group in a transaction that was signed in May 2022 and finalized on August 24 of the same year, after a review by the Competition Council, the authority charged with ensuring a normal competitive environment for businesses in Romania.   Bank of Cyprus sold its ...

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