Russia’s VTB Bank OJSC (VTBR) is in talks with Marfin Popular Bank, Cyprus’s second-biggest lender, which is searching for strategic investors, Politis reported today, without saying where it got the information.
The two countries’ supervisory authorities are aware of the talks, which may lead to VTB taking control of Marfin Popular, the Nicosia-based newspaper said.
-- Editor: Alan Purkiss
To contact the reporter on this story: Stelios Orphanides in Nicosia at
To contact the editor responsible for this story: Craig Stirling at firstname.lastname@example.org