Corporate Profile for Bank of Cyprus Limited, dated 14/06/02.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: 14/06/02
Company Name: Bank of Cyprus Limited
Address: 51 Stassinos Street, Ayia Paraskevi
Strovolos, Nicosia
Cyprus
Main Telephone
Number: +357 22378000
Internet Home
Page Address
(URL) www.bankofcyprus.com
Chief Executive
Officer: Solon Triantafyllides
Chief Financial
Officer: Christis Hadjimitsis
Investor Relations
Contact: Marianna Pantelidou
Business number: +357 22842594
E-mail address: marianna.pantelidou@cy.bankofcyprus.com
Industry: Banking & Financial Services
Trading Symbol/
Exchange: Cyprus Stock Exchange, Athens Stock exchange; BOC
Company description: Founded in 1899, the Bank of Cyprus Bank of Cyprus (CSE: BOCY ATHEX: BOC ), is a major Cypriot financial institution. History The company started off as "The Nicosia Depository" («Ταμιευτήριο η Group (the Group) is the leading Cypriot banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. group. In addition to its core business of retail and commercial banking, the Group's activities include finance, factoring, investment banking, brokerage, venture capital, fund management, custody, life and general insurance. Bank of Cyprus Limited (the Bank) has a dominant position in its home market and, since the early 1990s, the Bank has been expanding rapidly in Greece. Internationally the Group seeks to serve the expatriate Greek and Cypriot communities. The Group has an established banking presence in the United Kingdom and has recently expanded to Australia. The Group currently operates through a total of 276 banking outlets, including 60 in Greece, eight in the United Kingdom, six in Australia and one in the Channel Islands. Bank of Cyprus Limited also has representation in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, , Canada, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , Russia and Romania. The Group employs 5,408 staff worldwide. The Bank of Cyprus Group is the largest Cypriot banking group by asset size, with total assets at 31 December 2001 of C[pound]7.7bn (13.4bn). Shareholders' funds were C[pound]541.1mn (942.5mn) at 31 December 2001. The Group's capital adequacy ratio Capital adequacy ratio (CAR), also called Capital to Risk (Weighted) Assets Ratio (CRAR)[], is a ratio of a bank's capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss. was 11.9% at 31 December 2001. Moody's Investor Services, Inc. has given Bank of Cyprus a long-term credit rating of A2, the same rating as for Cyprus. Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. Ltd has given the Bank of Cyprus a long-term credit rating of A. Bank of Cyprus's market capitalisation Noun 1. market capitalisation - an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share market capitalization at 31 December 2001 was C[pound]810.7mn (1.4bn), the highest on the Cyprus Stock Exchange The Cyprus Stock Exchange or CSE (Greek: Χρηματιστήριο Αξιών Κύπρου or ΧΑΚ) is a stock exchange located in Nicosia, Cyprus. and representing approximately 20.5% of the market's total capitalisation. Bank of Cyprus Limited's shares are also listed on the Athens Stock Exchange Athens Stock Exchange Greece's only major securities market. Greek language only. Athens Stock Exchange (ASE) Greece's principal stock exchange. . Summary Consolidated Financial Information (C[pound] millions) 2001 2000 1999 Profit after tax 46.5 42.8 77.6 Loans & Advances to Customers 4,225 3,783 2,976 Customer Deposits 6,277 5,140 4,238 Total Assets 7,681 6,291 5,241 Submitter Name: Marianna Pantelidou Submitter Title: Investor Relations Officer Submitter Company: Bank of Cyprus Ltd Submitter Phone: +357 22842594 |
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