The Bank of Cyprus recently released its preliminary group financial results for the first quarter of this year and for last year, which show progress towards the group’s goal of reducing risk, as well as a modest after tax profit of $67.6 million.
Following his appointment as U.S. commerce secretary, Wilbur L. Ross Jr. recently resigned from his role as a member and vice chairman on the boards of directors for the Bank of Cyprus Holdings Public Limited Co. and the Bank of Cyprus Public Co. Limited.
The Bank of Cyprus announced the successful repayment of the approximately $12 billion Emergency Liquidity Assistance (ELA) yesterday.
Existing shares of the Bank of Cyprus have been halted from further trading on the CSE and ATHEX exchanges, in accordance with a ruling from the District Court of Nicosia.
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