Announcement
Bank of Cyprus Group Announcement
Nicosia, 23 August 2012
With regards to press articles which discuss the report of
the Internal Auditor of Bank of Cyprus Group (the 'Group')
about specific loans of the Group's subsidiary Uniastrum
Bank, the Group, following a request of the Cyprus Securities
and Exchange Commission, announces the following:
The Internal Auditor's report has been requested by the
Group's management as part of the regular audits which are
conducted in all of the Group's units.
The contents of the report have not yet been examined by the
management or the Board of Directors of the Group and the
different parties involved have not yet had a chance to
express their views and positions.
The Group's management expresses its regret for the leakage
of the internal confidential document and is investigating
the circumstances under which this was made.
Founded in 1899, the Bank of Cyprus Group is the leading Cypriot banking and financial services group. In addition to retail and commercial banking, the Group's activities include finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance. The Group currently operates through a total of 573 branches, of which 194 operate in Russia, 187 in Greece, 135 in Cyprus, 42 in Ukraine, 10 in Romania, 4 in the United Kingdom and 1 in the Channel Islands. Bank of Cyprus also has 6 representative offices in Russia, Romania, Ukraine, Serbia and South Africa. The Bank of Cyprus Group employs 11.175 staff worldwide.
At 31 March 2012, the Group's Total Assets amounted to €38,66 bn and the Shareholders' Funds were €2,85 bn. The Bank of Cyprus shares are listed on the Cyprus and Athens Stock Exchanges. Additional information can be found on the Group's website www.bankofcyprus.com.
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