All
 

 

Just in:  

You are here: Home»Business»Banking & Finance»Cyprus will require up to 10bn in aid for banks: document

cyprus flag wavingNICOSIA: Cyprus will require up to 10 billion euros to refinance its banks, severely affected by the euro zone debt crisis and exposure to Greece, according to a draft deal with international lenders seen by Reuters on Friday.

 

The deal, contingent on approval from euro zone finance ministers and national parliaments, also states that the objective of an adjustment programme with the Mediterranean island is to achieve a primary balance of 4.0 percent of GDP in 2016.

 

Copyright Reuters, 2012


 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln