Ethics, Conduct and Culture Committee (ECCC)

RNS Number : 3668V

Bank of Cyprus Holdings PLC

02 December 2019

 

Announcement

Ethics, Conduct and Culture Committee (ECCC)  

Nicosia, 2 December 2019

Bank of Cyprus Holdings Public Limited Company announces the establishment of a new Board Committee namely the Ethics, Conduct and Culture Committee (ECCC). The ECCC will provide oversight and approval of key ethics matters, oversee the workings of the Disciplinary Committee, decide on matters of conduct and reputational risk and handle issues of Corporate Social Responsibility with an aim of setting and maintaining the right risk, control, customer-centric and economic prosperity culture.

The composition of the ECCC is as follows:

Ioannis Zographakis (Chairperson)

Lyn Grobler

Maria Philippou

Panicos Nicolaou

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 108 branches in Cyprus, of which 11 operate as cash offices. Bank of Cyprus also has representative offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 4,134* staff worldwide. At 30 September 2019, the Group's Total Assets amounted to €21.1 bn and Total Equity was €2.5 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.

*The Bank of Cyprus Group employed 4,134 staff worldwide as at 30 September 2019. The number of staff has been reduced by c.470 employees following the completion of a voluntary staff exit plan in October 2019.             

 

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