Bank of Cyprus
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Native name
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Τράπεζα Κύπρου Δημόσια Εταιρεία Λίμιτεδ |
|---|---|
| Public Company | |
| Traded as | : BOCY |
| Industry | Banking, Financial services |
| Founded | 1899 |
| Headquarters | Strovolos, Nicosia, Cyprus |
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Number of locations
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 130 (H1 2016) |
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Area served
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Cyprus, UK |
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Key people
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Josef Ackermann (Chairman) Wilbur Ross (Vice Chairman) John Hourican (CEO) |
| Products | Retail and business banking, Credit cards, mortgage loans, corporate banking, factoring, insurance, brokerage, private banking, wealth management, Investment management, investment banking. |
| Revenue |
€641 million (H1 2016)
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€254 million (H1 2016)
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| Profit |
€56 million (H1 2016)
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| Total assets |
€22.38 billion (Q3 2016)
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| Total equity |
€3.05 billion (H1 2016) Common equity Tier 1 capital = 13.6% (fully loaded Basel III) |
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Number of employees
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4,279 (H1 2016)
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| Subsidiaries | General Insurance Cyprus EuroLife (Cyprus) |
| Website | www.bankofcyprus.com |
Bank of Cyprus (Greek: Τράπεζα Κύπρου) is a major Cypriot financial institution. In terms of market capitalisation, of €1.47 Billion on 19 January 2017, it is the country's biggest bank. As at September 2016, the bank held a 30.3% share of the Cypriot deposit market (€13.3 Billion) and a 41.1% share of the Cypriot loan market (€19.2 Billion), making it the largest bank in Cyprus. The Bank of Cyprus Group employs 4,279 staff worldwide and 4,000 in Cyprus.
The Bank of Cyprus currently operates through a total of 130 branches/business offices, of which 125 operate in Cyprus, four in the United Kingdom, (€1.23 Billion in loans), one in Romania (€221 million net exposure). The group has representative offices in Greece, (€368 million net exposure) Russia, (€42 million net exposure)Ukraine and China.
The shares of the bank are listed on the (CSE). The Bank is the largest listed company on the CSE in terms of market capitalization. Since October 8, 2007 the Bank of Cyprus has been part of the Cyprus 10 Index, which comprises the 10 largest companies in Cyprus. The Bank of Cyprus was also listed on the Athens Exchange since 2000 and had been part of the FTSE/Athex Large Cap index from 9 October 2006 until March 2013. However in late 2016 it has announced plans to de-list from Athens on 9th January 2017 and list on the in January 2017. The four largest shareholders as at December 2014 are Cyprus Popular Bank Public Co Ltd, with a holding of 9.624%; the Renova Group owned by Russian businessman Viktor Vekselberg, with a holding of 9.6%; TD Asset Management, with a holding of 5.232%; the European Bank for Reconstruction and Development, with a holding of 5.021%, and Senvest Cyprus Recovery Investment Fund LP with 3.32%. All except Senvest and the Cyprus Popular Bank have a seat on the board of directors.
The bank adopted as its emblem the ancient Cypriot coin bearing the inscription ΚΟΙΝΟ ΚΥΠΡΙΩΝ ("Common to all Cypriots").
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Wikipedia