Bank of Cyprus, the Mediterranean island’s biggest lender, said on Thursday it plans a premium listing on the London Stock Exchange as soon as the second half of 2016, and will de-list from the Athens bourse.
Bank of Cyprus was recapitalised through a ‘bail-in’ of unsecured deposits in 2013 at the height of the euro zone crisis, but returned to profit in 2015.
It said it would maintain its listing on the Cyprus Stock Exchange but did not need to be listed in Athens because it no longer had banking operations in Greece.
Reuters