The Bank of Cyprus has joined the London stock market on what is considered to be a major step in the bank’s recovery efforts.
The bank previously had its listing in Athens. This marks a very important milestone in the history of the bank and yet another sign of its growing strength and return to normalcy.
The listing on the UK stock exchange comes just days after the return of the bank to the debt markets for the first time after the 2013 bailout. The listing replaces Bank of Cyprus’s former listing on the Athens Stock Exchange. Those shares had risen from €0.12 towards the end of November to around €0.16 two weeks ago before the London listing.
