Fitch rating agency has upgraded two banks in Cyprus, Bank of Cyprus and Hellenic Bank, due to the relaxation on restrcitions of movement of money.
Fitch upgraded the long term rating of Bank of Cyprus to CC and Hellenic Bank to CCC.
Further, the short term rating of both Bank of Cyprus and Hellenic Bank was upgraded to C.
The main reason for the upgrade is the lifting of restrictions on the free movement of money in Cyprus on May 30, 2014.
FastCo provides you with specialized tailored solutions. Our team is comprised of professionals who are fully qualified in their field of expertise. We are a trusted provider of corporate services including:
1. Provision of fiduciary services
2. Opening of corporate bank accounts
3. Management and administration of companies
4. Audit
5. Tax planning
6. Accounting
7. Company registration
www.fastcoregister.com
