Change in the composition of a Board Committee

RNS Number : 1059X

Bank of Cyprus Holdings PLC

21 November 2017

 

Announcement

Change in the composition of a Board Committee

Nicosia, 21 November 2017

The Board of Directors of both Bank of Cyprus Holdings Public Limited Company ("BOC Holdings" and, together with its subsidiaries, the "Group"), and Bank of Cyprus Public Company Limited (the "Bank") at their corresponding meetings held on 20 November 2017, resolved to appoint Ms Lyn Grobler as a member of the Nominations & Corporate Governance Committee in replacement of Mr James B. Lockhart III whose resignation was approved by the respective boards of BOC Holdings and the Bank.

The new composition of the Nominations & Corporate Governance Committee is as follows:

Dr Josef Ackermann (Chairman)

Maksim Goldman

Lyn Grobler

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. The Bank of Cyprus Group operates through a total of 123 branches, of which 121 operate in Cyprus, 1 in Romania and 1 in the United Kingdom*. Bank of Cyprus also has representative offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 4,319 staff worldwide. At 30 September 2017, the Group's Total Assets amounted to €22.9 bn and Total Equity was €2.6 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 UK Ltd has re-designated 3 locations from Branches to Business Centres, whilst opening a further 4 Business Centres across the UK, as part of its ongoing geographic diversification strategy.

 

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