Bank of Cyprus Holdings PLC EU-wide Transparency Exercise 2019 (2260V)
November 29 2019 - 12:24PM
UK Regulatory
TIDMBOCH
RNS Number : 2260V
Bank of Cyprus Holdings PLC
29 November 2019
Announcement
EU-wide Transparency Exercise 2019
Nicosia, 29 November 2019
Bank of Cyprus Holdings Public Limited Company (together with
Bank of Cyprus Public Company Limited, the "Bank", and its
subsidiaries, the "Group") notes the announcements made today by
the European Banking Authority (EBA) and the European Central Bank
(ECB) regarding the information of the 2019 EU-wide Transparency
Exercise and fulfilment of the EBA Board of Supervisors'
decision.
The outcome of the exercise related to the Group can be found in
the annexes on the EBA website.
Background 2019 EU-wide Transparency Exercise
At its meetings in April 2019, the EBA Board of Supervisors
approved the package for the 2019 EU-wide Transparency Exercise,
which since 2016 is performed on an annual basis and published
along with the Risk Assessment Report (RAR). The annual
transparency exercise will be based solely on COREP/FINREP data on
the form and scope to assure a sufficient and appropriate level of
information to market participants.
The templates were centrally filled in by the EBA and sent
afterwards for verification by banks and supervisors. Banks had the
chance to correct any errors detected and to resubmit correct data
through the regular supervisory reporting channels.
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. The Bank of Cyprus
Group operates through a total of 108 branches in Cyprus, of which
11 operate as cash offices. Bank of Cyprus also has representative
offices in Russia, Ukraine and China. The Bank of Cyprus Group
employs 4,134* staff worldwide. At 30 September 2019, the Group's
Total Assets amounted to EUR21.1 bn and Total Equity was EUR2.5 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.
*The Bank of Cyprus Group employed 4,134 staff worldwide as at
30 September 2019. The number of staff has been reduced by c.470
employees following the completion of a voluntary staff exit plan
in October 2019.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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