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Cyprus Eastern Forum Index » Banking & Insurance » ‘End’ of foreign presence for Cyprus banks
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‘End’ of foreign presence for Cyprus banks 
Post: #1   PostPosted: Wed Jul 11, 2018 1:10 pm Reply with quote
Steve - SJD
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‘End’ of foreign presence for Cyprus banks

Bank of Cyprus has signed a binding agreement to sell its subsidiary bank in the
UK after 63 years of operations, effectively ending of the presence of Cypriot
banks abroad, a process that started in 2013, after the subsidiaries of Bank of
Cyprus, Laiki Bank and Hellenic Bank in Greece were sold.

Bank of Cyprus opened its first branch in London in 1955 to serve the Cypriot
community. In 1960 a subsidiary bank was founded in London. On 19 January
2017 Bank of Cyprus was listed on the London Stock Exchange.

Yesterday, however, Bank of Cyprus... [
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Steve
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‘End’ of foreign presence for Cyprus banks 
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