The Board of Directors, taking into account the above, has decided to strengthen the Group’s capital base through a Capital Strengthening Plan (the “Plan”) which includes: Directors
The Bank of Cyprus Board of Directors have a plan to boost the Group's capital base according to their website:
Statement of the Chairman of the Board of Directors, Mr Theodoros Aristodemou:“With the completion of the Plan, the Group strengthens its capital base and safeguards the interests of its shareholders, clients and employees. Our response to the prevailing uncertainties is the continued strengthening of the Bank.”
View complete announcement here
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