The Bank of Cyprus Group gas informed the investing public that on December 2, 2003, some 91.576 Bank of Cyprus shares will be introduced for trading simultaneously on the Cyprus Stock Exchange and the Athens Stock Exchange.
The shares were the result of the conversion of 6.75 percent Subordinated Convertible Bonds due 2003. After the aforementioned introduction, the total number of Bank of Cyprus shares will amount to 437.625.707.
Founded in 1899, the Bank of Cyprus Group has been expanding rapidly in Greece. It has an established banking presence in the United Kingdom and in 2001 it expanded into Australia. Internationally, the Bank of Cyprus Group seeks to serve the expatriate Greek and Cypriot communities. In addition to retail and commercial banking, the Group's activities include finance, factoring, investment banking, brokerage, fund management, custody, life and general insurance.
The Group currently operates through a total of 278 banking outlets, of which 181 operate in Cyprus, 81 in Greece, seven in the United Kingdom, eight in Australia and one in the Channel Islands. Bank of Cyprus also has representation in the United States of America, Canada, South Africa, Russia and Romania. — (menareport.com)
© 2003 Mena Report (www.menareport.com )