The Cyprus Cooperative Bank says it's looking for investors to buy up the lender either in whole or in part. The bank said Monday it has appointed Citigroup Global Markets to look for investors as part of its strategic plan. The bank is 77-percent state-owned and is the leader in the amount of deposits held by Cypriots. That was a consequence of a 2013 banking crisis that forced Cyprus to accept a rescue deal that included a seizure of unsecured deposits in the country's two largest lenders. Finance Minister Harris Georgiades said the move would help rebuild confidence and credibility in the bank.

Source: ABC News March 19, 2018 19:59 UTC