Cooperative bank revival to boost competition in Cyprus’ financial sector

The planned re-establishment of the cooperative bank could strengthen competition in Cyprus’ financial sector and benefit both consumers and the wider economy, according to the president of the Cyprus association of economics teachers Argyris Alexandrou.

His comments come after the initiative to establish the Pancyprian Cooperative Bank entered its capital raising phase, following approval of its public offering prospectus by the Cyprus Securities and Exchange Commission (CySEC)....