Cyprus Popular Bank Pcl

The leaking of documents on the rescue of Cyprus’s second-biggest bank distorts the truth about the country’s bailout and may damage confidence in the euro, former European Central Bank Governing Council member Panicos Demetriades (photo) said.

The leaking of documents on the rescue of Cyprus’s second-biggest bank distorts the truth about the country’s bailout and may damage confidence in the euro, former European Central Bank Governing Council member Panicos Demetriades said.

Bank of Cyprus Pcl, the Mediterranean nation’s biggest lender, is weighing a capital increase of as much as 1 billion euros ($1.36 billion), said three people familiar with the matter.