The Orthodox Christian Church of Cyprus wants to invest hundreds of millions of euros in the country, including its banks, to sustain the economy and boost jobs, Archbishop Chrysostomos II said in April.
The church, the largest investor in Nicosia-based Hellenic Bank, also has shares in Bank of Cyprus PLC and a minimal holding in Cyprus Popular Bank pcl, Chrysostomos said at the time. Other church institutions have a 7 percent stake in Hellenic, according to a May 30 presentation by the bank.
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