The Bank of Cyprus Public Company Ltd ("the Bank") was founded in 1899 and is the holding company of the Bank of Cyprus Group ("the Group"). The Bank is the leading financial services organisation in Cyprus, with a dynamic presence in Greece and operations in the United Kingdom and Australia.
The Group offers a wide range of financial products and services, which include banking services in Cyprus, Greece, United Kingdom, Australia and Channel Islands, finance, leasing, factoring, brokerage, fund management, general and life insurance services in Cyprus and Greece, and investment banking services in Cyprus.
The Bank's market share in total banking system deposits and loans in Cyprus, including credit cooperatives, amounts to 29,5% and 26,4%, respectively. The Bank operates 144 branches in Cyprus.
The Bank has been operating in Greece since 1991. The dynamic expansion of the Bank's Greek operations started in 1999. The Bank operates 120 branches in Greece. The market share of the Bank in deposits and loans in Greece amounts to around 3,7%. Kyprou Leasing, a subsidiary of the Bank, which operates in Greece held the second largest market share in the Greek leasing sector (18% share).
The Bank is well established in the United Kingdom, where it operates six branches, to serve the sizeable Cypriot and Greek communities.
The Group's international activities were further enhanced in 2000 with the operation of a wholly owned subsidiary bank in Australia, which operates eleven branches.
The Bank has representative offices in Russia, Romania, Ukraine, the United States of America and Canada.
The Bank of Cyprus Group employs 6.192 staff worldwide.
At 31 December 2006, the Group's Total Assets reached C£14,56bn (Euro 25,19bn) and the Group's Shareholders' Funds were C£905mn (Euro 1,57bn).
The shares of the Bank are listed on the Cyprus Stock Exchange (CSE) and the Athens Exchange. The Bank is the largest listed company on the CSE in terms of market capitalisation and has a well-diversified shareholder base.
