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Nicos Anastasiades

Bank of Cyprus CEO disappointed by lawmakers' 'shenanigans'

Lawmakers have let bailed-out Cyprus down at times, the outgoing chief executive of the country's biggest bank said Wednesday, adding that "shenanigans" which delayed key laws aimed at helping banks collect on a huge number of bad loans have left him disappointed.

In a scathing critique of Cypriot legislators, Bank of Cyprus CEO John Patrick Hourican said it's been "embarrassing" for him to explain abroad actions that had delayed and diluted a key foreclosure law that was passed last year.

He said in an interview with The Associated Press that the law is neither strong enough nor its implementation swift enough, hampering the bank's ability to boost...