Bank of Cyprus Holdings PLC Extension of appointment of Group CEO (0469K)
17 December 2022 - 12:54AM
UK Regulatory
TIDMBOCH
RNS Number : 0469K
Bank of Cyprus Holdings PLC
16 December 2022
Announ cement
Extension of appointment of Group Chief Executive Officer
Nicosia, 16 December 2022
Bank of Cyprus Holdings Public Limited Company ("BOC Holdings"
and, together with its subsidiaries, the "Group"), and Bank of
Cyprus Public Company Limited (the "Bank") announce that at their
respective meetings held today, the 16(th) of December 2022,
decided to extend the appointment of Mr Panicos Nicolaou, as Group
Chief Executive Officer to 31 December 2026.
Accordingly, Mr Panicos Nicolaou has today signed an amending
agreement to his existing contract of employment which extends the
period of employment to 31 December 2026.
The Board of Directors would like to thank Mr Panicos Nicolaou
for his valuable contribution to the Group over his current term as
Group Chief Executive Officer and to wish him every success in his
new term with the Group.
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. At 30 September 2022,
the Bank of Cyprus Group operated through a total of 64 branches in
Cyprus, of which 4 operated as cash offices. The Bank of Cyprus
Group employed 2,955 staff worldwide. At 30 September 2022, the
Group's Total assets amounted to EUR26.2 bn and Total equity was
EUR2.0 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.
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