Parl't votes to phase out savings coops integration framework
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Lawmakers on Tuesday approved amendments that will gradually phase out the legal framework for an integration of the country's savings cooperatives codified in 2013, according to a report by state news wire MTI.
The amendments were passed in an expedited procedure with a vote of 117 for and 49 against.
The integration of the more than 100 savings cooperatives culminated in the establishment of a universal commercial bank with nationwide coverage, dubbed Takarekbank, to meet the banking needs of the country's smaller settlements.
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