The Central Bank of Cyprus grants a banking business licence to BNP Paribas Cyprus Ltd.

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M2 PRESSWIRE-3 January 2003-Republic of Cyprus: The Central Bank of Cyprus grants a banking business licence to BNP Paribas Cyprus Ltd(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:01032003 The Governor of the Central Bank of Cyprus, Mr. Christodoulos Christodoulou, acting under the authority vested in the Central Bank of Cyprus by the Banking Law of 1997, has granted on 31 December, 2002 a banking business licence to BNP Paribas Cyprus Ltd, a wholly owned subsidiary of BNP Paribas S.A.

of France, to carry on banking business in and from within Cyprus in the form of an International Banking Unit ("IBU"). BNP Paribas S.A. is the entity created after the merger of the two large French banks BNP and Paribas in May 2002. The Group's total assets amounted to '825...