Bank of Cyprus says Deutsche Bank report is inaccurate

Bank of Cyprus said it is surprised for the inaccuracies and the arbitrary way with which the various assumptions and admissions regarding the results and the prospects of the Group were made by Deutsche Bank in its report on the Greek and Cypriot Banks issued on 21 January 2009.
Among others, DB issued a sell recommendation on the shares of Bank of Cyprus.
For the timely provision of information to the public and investors, as already announced, the Bank of Cyprus will announce earlier the preliminary financial results of the Group for the year ended 31 December 2008 on Tuesday, 3 February 2009. The final audited financial results of the Group for 2008 and the targets for the year 2009 will be announced on Wednesday 25 February 2009.
With the above forthcoming announcements, Bank Cyprus will provide the appropriate information and will comprehensively analyse the targets and strategy of the Group to the investing public.