REG - Bank of Cyprus Hldgs - EU-wide Transparency Exercise 2021

Bank of Cyprus HoldingsAnnouncement

06/12/2021 07:45

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RNS Number : 6528U  Bank of Cyprus Holdings PLC  06 December 2021

 

 

 

 

Announcement

 

EU-wide Transparency Exercise 2021

 

Nicosia, 6 December 2021

 

 

 

 

 

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 on Friday, 3 December 2021 by the European Banking
Authority (EBA) and the European Central Bank (ECB) regarding the information
of the 2021 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
(https://www.eba.europa.eu/risk-analysis-and-data/2021-eu-wide-transparency-exercise)
on the EBA website.

 

Background EU-wide Transparency Exercise

 

The EBA Board of Supervisors approved the package for the 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, and to add specific information as required to further
clarify individual data.

 

 

 

 

 

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 90 branches in Cyprus, of
which 10 operate as cash offices. Bank of Cyprus also has representative
offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 3,558
staff worldwide. At 30 September 2021, the Group's Total Assets amounted to
€24.5 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.

 

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