Bank of Cyprus Holdings PLC Announcement regarding Nicosia Assize Court fine (2045B)
January 08 2018 - 3:47AM
UK Regulatory
TIDMBOCH
RNS Number : 2045B
Bank of Cyprus Holdings PLC
08 January 2018
Announcement
Nicosia, 8 January 2018
Bank of Cyprus Holdings Public Limited Company announces that on
5 January 2018 a fine of EUR120,000 was imposed on Bank of Cyprus
Public Company Limited (the "Bank") by the Nicosia Assize Court in
respect of its conviction under sections 19 and 20(1)(c) of the
Insider Dealing and Market Manipulation Law 116(I)/2005. The Bank
was convicted and sentenced as above on account of misleading
statements as to its capital position made on 19 June 2012 at the
Bank's Annual General Meeting by its then Chief Executive Officer,
namely its liability is "by attribution" and identification. The
Bank will file an appeal against both conviction and sentence.
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 123 branches, of which 121
operate in Cyprus, 1 in Romania and 1 in the United Kingdom. Bank
of Cyprus also has representative offices in Russia, Ukraine and
China. The Bank of Cyprus Group employs 4,319 staff worldwide. At
30 September 2017, the Group's Total Assets amounted to EUR22.9 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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