Local
articles | 02 December 2014

Bank of Cyprus returns to CSE and ATHEX

Bank of Cyprus' shares will return to the Cyprus Stock Exchange (CSE) and the Athens Exchange on December 16, 2014.

Trading of Bank of Cyprus’ shares was suspended in March 2013, following a controversial bailout that featured a conversion of unsecured deposits to equity to recapitalise the bank.

Bank of Cyprus entered a resolution process, which saw the bank absorb assets of Laiki Bank, the island’s second largest lender that has been wound down.

Last week the Bank of Cyprus posted a profit of €76 million in the first nine months of the year, helped bythe disposal of assets in Ukraine, Romania and Serbia.

Source: Famagusta Gazette

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