BoC receives six-month extension from CySEC

The securities and exchange commission (CySEC) decided on Tuesday to extend the suspension of Bank of Cyprus (BoC) shares for a further six months until the end of July.

CySEC said it considered this “a reasonable period of time for the company to put in place the necessary measures” that will allow its shares to be traded again.

The shares have been suspended since March, after which the bank converted large deposits into stock to recapitalise as well as taking on some assets from the now defunct Laiki Bank.

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.