Lender | Bank of Cyprus Public Company Ltd |
Debtor | Alfa Bank (Russia) |
Amount | 100,000,000 USD |
Goods | Ukrainian assets of the Bank of Cyprus |
Notes | Under Ross’s watch, Bank of Cyprus gave Alfa Bank, Russia’s largest private bank, until 2019 – four more years than originally planned – to pay back a €100m debt it owed in connection to Alfa’s purchase of the bank’s Ukrainian assets. Alfa Bank still owed Bank of Cyprus €57m as of the end of September 2016. |