REG - Bank of Cyprus Hldgs - Doc re. (2022 Pillar 3 Disclosures)

Bank of Cyprus HoldingsAnnouncement

05/04/2023 12:00

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RNS Number : 4981V  Bank of Cyprus Holdings PLC  05 April 2023

Announcement

 

Pillar 3 Disclosures for the year ended 31 December 2022

 

 

Nicosia, 05 April 2023

 

Bank of Cyprus Holdings Public Limited Company (the "Company" or "BOC
Holdings" and, together with its subsidiary, Bank of Cyprus Public Company
Limited (the "Bank"), and the Bank's subsidiaries, the "Group"), announces
today the publication of its Pillar 3 Disclosures for the year ended 31
December 2022 (the "Pillar 3 Report").

 

A copy of the Pillar 3 Report will be submitted to the National Storage
Mechanism and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

The Pillar 3 Report is also available on the Group's website
www.bankofcyprus.com (http://www.bankofcyprus.com) (Group/Investor Relations).

 

For further information, please contact Investor Relations at
investors@bankofcyprus.com (mailto:investors@bankofcyprus.com) .

 

 

Forward Looking Statements

 

This document contains certain forward-looking statements which can usually be
identified by terms used such as "expect", "should be", "will be" and similar
expressions or variations thereof or their negative variations, but their
absence does not mean that a statement is not forward-looking. Examples of
forward-looking statements include, but are not limited to, statements
relating to the Group's near term, medium term and longer term future capital
requirements and ratios, intentions, beliefs or current expectations and
projections about the Group's future results of operations, financial
condition, expected impairment charges, the level of the Group's assets,
liquidity, performance, prospects, anticipated growth, provisions,
impairments, business strategies and opportunities. By their nature,
forward-looking statements involve risk and uncertainty because they relate to
events, and depend upon circumstances, that will or may occur in the future.
Factors that could cause actual business, strategy and/or results to differ
materially from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements made by the Group include, but
are not limited to: general economic and political conditions in Cyprus and
other European Union (EU) Member States, interest rate and foreign exchange
fluctuations, legislative, fiscal and regulatory developments, information
technology, litigation and other operational risks, adverse market conditions,
the impact of outbreaks, epidemics or pandemics, such as the COVID-19 pandemic
and ongoing challenges and uncertainties posed by the COVID-19 pandemic for
businesses and governments around the world. The Russian invasion of Ukraine
has led to heightened volatility across global markets and to the coordinated
implementation of sanctions on Russia, Russian entities and nationals. The
Russian invasion of Ukraine has  caused significant population displacement,
and as the conflict continues, the disruption will likely increase. The scale
of the conflict and the extent of sanctions, as well as the uncertainty as to
how the situation will develop, may have significant adverse effects on the
market and macroeconomic conditions, including in ways that cannot be
anticipated. This creates significantly greater uncertainty about
forward-looking statements. Should any one or more of these or other factors
materialise, or should any underlying assumptions prove to be incorrect, the
actual results or events could differ materially from those currently being
anticipated as reflected in such forward-looking statements. The
forward-looking statements made in this document are only applicable as at the
date of publication of this document. Except as required by any applicable law
or regulation, the Group expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statement
contained in this document to reflect any change in the Group's expectations
or any change in events, conditions or circumstances on which any statement is
based.

 

 

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. At 31
December 2022, the Bank of Cyprus Group operated through a total of 64
branches in Cyprus, of which 4 operated as cash offices. The Bank of Cyprus
Group employed 2,889 staff worldwide. At 31 December 2022, the Group's Total
Assets amounted to €25.4 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.

 

 

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