Bank of Cyprus Holdings PLC EU-wide Transparency Exercise 2017 (5187X)
25 November 2017 - 4:19AM
UK Regulatory
TIDMBOCH
RNS Number : 5187X
Bank of Cyprus Holdings PLC
24 November 2017
Announcement
EU-wide Transparency Exercise 2017
Nicosia, 24 November 2017
Bank of Cyprus Holdings Public Limited Company (together with
Bank of Cyprus Public Company Limited, the "Bank", and its
subsidiaries, the "Group") notes the announcements made today by
the European Banking Authority ('EBA') and the Central Bank of
Cyprus regarding the information of the EU-wide Transparency
Exercise 2017 and fulfilment of the EBA Board of Supervisors'
decision.
The outcome of the exercise related to the Group can be found in
the annexes on the EBA website.
Background 2017 EU-wide Transparency Exercise
At its meeting in May 2017, the EBA Board of Supervisors
approved the package for the 2017 EU-wide Transparency Exercise,
which since 2016 is performed on an annual basis and published
along with the Risk Assessment Report (RAR). The annual
transparency exercise will be based solely on COREP/FINREP data on
the form and scope to assure a sufficient and appropriate level of
information to market participants.
The templates were centrally filled in by the EBA and sent
afterwards for verification by banks and supervisors. Banks had the
chance to correct any errors detected and to resubmit correct data
through the regular supervisory reporting channels.
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.
*Bank of Cyprus UK Ltd has re-designated 3 locations from
Branches to Business Centres, whilst opening a further 4 Business
Centres across the UK, as part of its ongoing geographic
diversification strategy.
This information is provided by RNS
The company news service from the London Stock Exchange
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