Eleftherios Ioannou new BOC Chairman

The Board of Directors of Bank of Cyprus Pcl (BOC) unanimously appointed Eleftherios Ioannou as Chairman, at its meeting held in Nicosia on Thursday, September 7, 2006.

Following his election at the position of Chairman, Ioannou thanked the exiting Chairman Vassilis G. Rologis, the Vice-Chairman Andreas Artemis, the other members of the Board of Directors, the Group Chief Executive Officer Andreas Eliades and the Management team for their work to date.

He also assured them that he will work with them for the further progress of the Bank of Cyprus Group and the interest of the shareholders, customers and employees.

Eleftherios Ioannou was born in 1933. He obtained the qualification of the Chartered Institute of Bankers of London (ACIB). He has wide experience in banking and he has served in top managerial positions at commercial banks and at the Central Bank of Cyprus. He commenced his commercial banking career at Bank of Cyprus. From 1990 until May 2000 he held the position of Managing Director of Alpha Bank Ltd. He was the Chairman of Alpha Bank Romania from 2000 to 2004.