BoC hit the road with new image

THE ENTRY of the Bank of Cyprus group (BoC) in the Athens Stock Exchange (ASE) will create prospects of co-operation between the ASE and CSE that will act as catalysts in the course of both markets, BoC Chairman Solon Triantafyllides said yesterday.

Speaking at a news conference held to brief the local media on how the group was presenting itself internationally, Triantafyllides said the group’s course towards flotation in the ASE was very good, adding that their efforts would be successful.

The presentation, aimed primarily at the Greek market, outlined the group’s prospects, and other important financial details on the bank’s operations both home and abroad.

Presentations have already taken place on the island before specialised professional groups such as insurance and investment companies, broker firms, and financial analysts.

Briefings will continue in Greece until the big presentation in Athens on October 16, one day before the group’s Initial Public Offer.

Triantafyllides said the BOC share’s entry into the ASE would be decisive for the group’s further development and profit making.

“The prospects from the co-operation of the two markets are going to be catalytic in the course of the ASE and CSE, and I stress the ASE, because the BOC would be the first foreign company in the ASE,” Triantafyllides said.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.