REG - Bank of Cyprus Hldgs - EU-wide Transparency Exercise 2023

Bank of Cyprus HoldingsAnnouncement

13/12/2023 07:15

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RNS Number : 6197W  Bank of Cyprus Holdings PLC  13 December 2023

 

 

 

Announcement

 

EU-wide Transparency Exercise 2023

 

 

Nicosia, 13 December 2023

 

 

 

 

 

 

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 2023, 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 2,913 staff worldwide. At 30 September 2023, the Group's Total
Assets amounted to €26.4 bn and Total Equity was €2.4 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.

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 Tuesday 12 December 2023 by the European Banking
Authority (EBA) and the European Central Bank (ECB) regarding the information
of the 2023 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/eu-wide-transparency-exercise)
on the EBA website.

 

Background of 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.

 

 

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