‘End’ of foreign presence for Cyprus banks

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‘End’ of foreign presence for Cyprus banks
 © In-Cyprus 2018
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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‘End’ of foreign presence for Cyprus banks


The contents of this article including any associated images are © In-Cyprus 2018
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