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 98 branches in Cyprus, of which 14 operate as cash offices. Bank of Cyprus also has representative offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 3,577 staff worldwide. At 30 September 2020, the Group s Total Assets amounted to €21.5 bn and Total Equity was €2.1 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.
CarVal AA GP LP is the general partner of CVI AA Cayman Securities LP 341,055 of the shares are held by CVI AV Cayman Securities LP CarVal AV GP LP is the general partner of CVI AV Cayman Securities LP 464,387 of the shares are held by CarVal CCF Cayman Securities Ltd CarVal CCF GP LP is the general partner of CarVal CCF Cayman Securities Ltd 3,372,991 of the shares are held by CVI CVF III Cayman Securities Ltd CarVal CVF III GP LP is the general partner of CVI CVF III Cayman Securities Ltd 5,354,276 of the shares are held by CVI CVF IV Cayman Securities Ltd
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. Further to the agreement for the sale of Non Performing Loans announced on 3 August 2020 ( Helix 2 Portfolio A ), Bank of Cyprus Holdings Public Limited Company ( BOC Holdings and, together with its subsidiaries, the Group ) has reached agreement with funds affiliated with Pacific Investment Management Company LLC ( PIMCO ), for the sale of an additional portfolio of Non Performing Loans ( Portfolio B ) with a gross book value of €545 mn
1,2 (known as Helix 2 Portfolio B , or the Transaction ). Portfolio B had a contractual balance of €783 mn
3 and comprises c.16,000 loans, mainly to Retail and SME clients, secured over c.4,000 real estate collaterals. The net book value of the assets being sold amounts to €244 mn
When Will Bank of Cyprus Holdings Public Limited Company (CSE:BOCH) Turn A Profit?
By
December 15, 2020 With the business potentially at an important milestone, we thought we d take a closer look at
Bank of Cyprus Holdings Public Limited Company s (CSE:BOCH) future prospects. Bank of Cyprus Holdings Public Limited Company, through its subsidiaries, provides banking, financial, and insurance services to individuals, small and medium sized enterprises, and corporate customers. The company’s loss has recently broadened since it announced a €70m loss in the full financial year, compared to the latest trailing-twelve-month loss of €307m, moving it further away from breakeven. As path to profitability is the topic on Bank of Cyprus Holdings investors mind, we ve decided to gauge market sentiment. We ve put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate.
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