Its deposits and branches were sold to rival lender Abbey, part of Santander, whereas its loans remained with the government.
On Feb. 19, Nikas, with total debt of 77 million euros, said it signed an accord with some of its creditors involving loan writeoffs
OTP shares advanced 3.4 percent to 6,602 forint by the close in Budapest on Tuesday, extending a six-day rally to 11 percent.
Alpha Bank, which operates in Cyprus since 1998, currently employs 900 people with the retirement scheme plan looking to slash that figure down to around 170 workers.
Authorisation by the FCA means that MYJAR, which provides loans online at www.myjar.com, has been shown to meet the required criteria, which includes treating customers fairly and lending responsibly.
BRED was part of a $50 million syndicated loan to Acleda announced yesterday by the International Finance Corporation to be used to boost lending to small and medium enterprises, especially women-owned businesses