Bank of Cyprus Lists on LSE in Landmark Move for Country’s Biggest Bank
- The listing secures access to a diverse investor base while facilitating greater liquidity and access to capital.
The London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE) announced today that it has welcomed Bank of Cyprus Holdings (BOC Holdings) to trade on the main market as the banking group successfully completed its London listing. The listing is expected to improve the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term of BOC Holdings’ shares and lead to a broader base of investors.
Nikhil Rathi, CEO of the LSE, said: “BOC Holdings’ listing is a milestone for the company and for Cyprus. It demonstrates the Bank’s strong recovery since the financial crisis and underlines London’s ability to help the banking sector recapitalise itself for growth.”
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BOC Holdings joins 54 global banking stocks already listed in London, with a combined market capitalisation of $1.2 trillion. The admission builds on the LSE's strong Cypriot credentials, which include being the listing venue for Cyprus’ most recent sovereign bonds.
After the appointment of former Bank of Ireland’s Nick Fahy as chief executive, BOC Holdings, which converted some large deposits to equity as part of its 2011 recapitalisation, increased its London balance sheet by 35 per cent last year and is now planning to double the size of its £1 billion ($1.2 billion) balance sheet in the UK as well as increasing the size of its 250 employees there.
Dr. Josef Ackermann, Chairman of Bank of Cyprus Holdings, added: “We are very pleased to see BOC Holdings’ shares commence trading on the London Stock Exchange, which is another significant step in the Group’s transformation. We expect this listing, on one of the world’s leading international capital markets, to facilitate greater profile, liquidity and access to capital.”
The London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term (LSE) announced today that it has welcomed Bank of Cyprus Holdings (BOC Holdings) to trade on the main market as the banking group successfully completed its London listing. The listing is expected to improve the Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term of BOC Holdings’ shares and lead to a broader base of investors.
Nikhil Rathi, CEO of the LSE, said: “BOC Holdings’ listing is a milestone for the company and for Cyprus. It demonstrates the Bank’s strong recovery since the financial crisis and underlines London’s ability to help the banking sector recapitalise itself for growth.”
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
BOC Holdings joins 54 global banking stocks already listed in London, with a combined market capitalisation of $1.2 trillion. The admission builds on the LSE's strong Cypriot credentials, which include being the listing venue for Cyprus’ most recent sovereign bonds.
After the appointment of former Bank of Ireland’s Nick Fahy as chief executive, BOC Holdings, which converted some large deposits to equity as part of its 2011 recapitalisation, increased its London balance sheet by 35 per cent last year and is now planning to double the size of its £1 billion ($1.2 billion) balance sheet in the UK as well as increasing the size of its 250 employees there.
Dr. Josef Ackermann, Chairman of Bank of Cyprus Holdings, added: “We are very pleased to see BOC Holdings’ shares commence trading on the London Stock Exchange, which is another significant step in the Group’s transformation. We expect this listing, on one of the world’s leading international capital markets, to facilitate greater profile, liquidity and access to capital.”