Cyprus & World News

BoC has not assessed specific proposal on capital issuance

16 May, 2014

The Board of Directors of the Bank of Cyprus (BoC) has not yet assessed any specific proposal regarding a capital issuance, according to an announcement by the Bank.

Replying to press articles regarding a capital increase, the Bank of Cyprus clarifies that the Bank together with its external advisors is considering and assessing a number of strategic options regarding its corporate structure.

It is noted that the Bank informs the investing public promptly and accurately through announcements about its decisions, pursuant to relevant applicable laws and regulations.