BoC receives six-month extension from CySEC

The securities and exchange commission (CySEC) decides to extend the suspension of Bank of Cyprus (BoC) shares for a further six months until the end of July.

CySEC said it considered this “a reasonable period of time for the company to put in place the necessary measures” that will allow its shares to be traded again. The shares have been suspended since March 2013, after which the bank converted large deposits into stock to recapitalise as well as taking on some assets from the now defunct Laiki Bank.

Source: Cyprus Mail

Cyprus Profile

articles | 29 January 2014