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About: Cyprus Popular Bank     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : umbel-rc:Business, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:BankOrCreditUnionschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatBanksDisestablishedIn2013yago:WikicatBanksEstablishedIn1901yago:WikicatBanksOfCyprusyago:WikicatBanksOfGreeceyago:WikicatCompaniesDisestablishedIn2013yago:WikicatCompaniesEstablishedIn1901yago:WikicatCompaniesOfCyprusyago:Abstraction100002137yago:Company108058098yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityBandbankorganisationyago:SocialGroup107950920yago:WikicatDefunctBanksyago:WikicatDefunctBanksOfCyprusumbel-rc:Business New Facet based on Instances of this Class

Cyprus Popular Bank (from 2006 to 2011 known as Marfin Popular Bank) was the second-largest banking group in Cyprus behind the Bank of Cyprus until it was 'shuttered' in March 2013 and split into two parts. The 'good' Cypriot part was merged into the Bank of Cyprus (including insured deposits under 100,000 Euro) and the 'bad' part or legacy entity holds all the overseas operations as well as uninsured deposits above 100,000 Euro, old shares and bonds. The uninsured depositors were subject to a bail-in and became the new shareholders of the legacy entity. As at May 2017, the legacy entity is one of the largest shareholders of Bank of Cyprus with 4.8% but does not hold a board seat. All the overseas operations, of the now defunct Cyprus Popular Bank, are also held by the legacy entity, until