BOC to challenge Greek court ruling awarding investors compensation

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BOC to challenge Greek court ruling awarding...
 © BusinessMail 2017
By Stelios Orphanides

A Bank of Cyprus source said on Tuesday that the bank will challenge the ruling of a Greek court awarding €460,000 in compensation to investors in securities issued by the bank who lost money in the 2013 banking crisis.

The source who was commenting on condition of anonymity a day after the Cyprus News Agency (CNA) reported of the March 13, ruling, declined to provide further comment.

The Athens-based court ordered Bank of Cyprus, the island’s largest lender, to compensate 24 bondholders, the CNA reported on Tuesday.

The court said that Bank of Cyprus failed to...


BOC to challenge Greek court ruling awarding investors compensation


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