Bank of Cyprus Holdings PLC Resignation of Board Member (0757W)
November 09 2017 - 8:17AM
UK Regulatory
TIDMBOCH
RNS Number : 0757W
Bank of Cyprus Holdings PLC
09 November 2017
Announcement
Resignation of Board Member
Nicosia, 9 November 2017
Bank of Cyprus Holdings Public Limited Company ("BOC Holdings"
and, together with its subsidiaries, the "Group") announces that Mr
James B. Lockhart III has notified the Group of his decision not to
proceed with his proposed appointment as a member of the Board of
Directors of BOC Holdings and Bank of Cyprus Public Company Limited
(the "Bank") to pursue alternative business opportunities. The
Board of Directors of both BOC Holdings and the Bank will convene
on 20 November 2017 and it is expected that both boards will
respect Mr Lockhart's decision.
Group Profile
The Bank of Cyprus Group is the leading banking and financial
services group in Cyprus, providing a wide range of financial
products and services which include retail and commercial banking,
finance, factoring, investment banking, brokerage, fund management,
private banking, life and general insurance. The Bank of Cyprus
Group operates through a total of 126 branches, of which 121
operate in Cyprus, 1 in Romania and 4 in the United Kingdom. Bank
of Cyprus also has representative offices in Russia, Ukraine and
China. The Bank of Cyprus Group employs 4,311 staff worldwide. At
30 June 2017, the Group's Total Assets amounted to EUR22.1 bn and
Total Equity was EUR2.6 bn. The Bank of Cyprus Group comprises Bank
of Cyprus Holdings Public Limited Company, its subsidiary Bank of
Cyprus Public Company Limited and its subsidiaries.
This information is provided by RNS
The company news service from the London Stock Exchange
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