Connect to share and comment

CNP Assurances says less than 5 million euro impact from Cyprus bank

PARIS (Reuters) - CNP Assurances, which has a 50.1 percent stake in a Cyprus subsidiary, said on Tuesday that the restructuring of the island's Laiki Bank would have an impact of less than 5 million euros(4.24 million pounds) on the French insurer's net income. CNP Assurances' shares fell sharply last week amid worries over its CNP Laiki Insurance Holdings (CNP LIH) and exposure to the Cyprus financial crisis.
Syndicate content