Bank of Cyprus unfreezes 950 mn euros in CDs | Bangkok Post: news

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Bank of Cyprus unfreezes 950m euros

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Bank of Cyprus, the island's largest lender, released 950 million euros ($1.29 billion) in six-month certificates of deposit it had locked in following a haircut on savings during a March bailout of the economy. 

Women walk past a Bank of Cyprus branch in the capital, Nicosia, on July 30, 2013

The CDs, due to mature on Friday, had been blocked as part of the bank's recapitalisation process under the deal.

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