Financial ombudsman delivers report on co-op loan set off debacle
Financial ombudsman Pavlos Ioannou on Friday delivered a preliminary report to
President Nicos Anastasiades concerning co-op customers who had their
deposits set off against loans and other obligations and their accounts froze
just before the lender was shuttered at the end of August.
Following the meeting, Ioannou said despite the report being preliminary, the
conclusions were reliable, especially the ones referring to the general factors
that led to the creation of the problem.
Ioannou said the full 200-page report would be ready soon but did not go into
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