REG - Bank of Cyprus Hldgs - EU-wide Transparency Exercise 2022

Bank of Cyprus HoldingsAnnouncement

12/12/2022 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221212:nRSL3493Ja&default-theme=true

RNS Number : 3493J  Bank of Cyprus Holdings PLC  12 December 2022

Announcement

 

EU-wide Transparency Exercise 2022

 

Nicosia, 12 December 2022

 

 

 

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, 9 December 2022 by the European Banking
Authority (EBA) and the European Central Bank (ECB) regarding the information
of the 2022 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. At 30
September 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 2,955 staff worldwide. At 30 September 2022, the Group's Total
assets amounted to €26.2 bn and Total equity was €2.0 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFIFLDFLLFLIF