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Bank of Cyprus

Bank of Cyprus

The Bank of Cyprus (BoC) is a Cypriot financial services company established in 1899 with its headquarters in Strovolos.

The Bank of Cyprus currently operates 108 branches or business offices across the Republic of Cyprus. The group also has representative offices in Romania (€33 million net exposure as of 2007), Greece (€309 million exposure as of 2007), Russia (€21 million net exposure as of 2007), Ukraine, and China. It is the largest bank in Cyprus by market penetration, with 83% of Cypriots having active Bank of Cyprus accounts, representing 60% of total corporate accounts and 40% of the overall banking sector.

The shares of the bank are listed on the Cyprus Stock Exchange (CSE). The bank is the largest listed company on the CSE in terms of market capitalization. Since 8 October 2007, it has been part of the Cyprus 10 Index, which comprises the 10 largest companies in Cyprus. It was listed on the Athens Exchange from 2000 to 9 January 2017 and was part of the FTSE/Athex Large Cap index from 9 October 2006 to March 2013. It was also listed on the London Stock Exchange in January 2017.

Timeline

2019
CEO John Hourican will also step down in September 2019 and is being replaced by Panicos Nicolaou.
December 3, 2018
The branches of the bank's former UK subsidiary were rebranded as Cynergy Bank on 3 December 2018.

Patents

Further Resources

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