Bank of Cyprus bolstered its core tier 1 capital by almost €600 million
Bank of Cyprus said it bolstered its core tier 1 capital by almost €600 million through a rights and a convertible securities exchange, though both fell short of the target.
Bank lending in Cyprus increased by 12 percent to 68.4 billion euros in January compared to a year ago, mainly because of a rise in credit to companies, the central bank said.