Extension of Appointment of Group CEO

RNS Number : 7863A

Bank of Cyprus Holdings PLC

28 March 2017

 

Announcement

Extension of Appointment of Group Chief Executive Officer

Nicosia, 28 March 2017

Boards of Directors of both Bank of Cyprus Holdings Public Limited Company ("BOC Holdings" and, together with its subsidiaries, the "Group") and the Bank of Cyprus Public Company Limited (the "Bank") at their corresponding meetings held today, 28 March 2017, decided to extend the appointment of Mr. John Patrick Hourican as Group Chief Executive Officer to 31 December 2018.

Accordingly, Mr. Hourican has today signed an amending agreement to his existing contract of employment which extends the period of employment to 31 December 2018.

The Boards of Directors would like to thank Mr. Hourican for his valuable contribution to the Group over the past three years and to wish him every success in his new term with the Group.

Group Profile

Founded in 1899, Bank of Cyprus Group is the leading banking and financial services group in Cyprus. The Group provides 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 Group operates through a total of 127 branches, of which 122 operate in Cyprus, 1 in Romania and 4 in the United Kingdom. Bank of Cyprus also has representative offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 4.284 staff worldwide. At 31 December 2016, the Group's Total Assets amounted to €22,2 bn and Total Equity was €3,1 bn.

 

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