Extension of appointment of Group CEO

RNS Number : 0469K

Bank of Cyprus Holdings PLC

16 December 2022

 

Announcement

Extension of appointment of Group Chief Executive Officer

Nicosia, 16 December 2022

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") announce that at their respective meetings held today, the 16^th of December 2022, decided to extend the appointment of Mr Panicos Nicolaou, as Group Chief Executive Officer to 31 December 2026.

Accordingly, Mr Panicos Nicolaou has today signed an amending agreement to his existing contract of employment which extends the period of employment to 31 December 2026.

The Board of Directors would like to thank Mr Panicos Nicolaou for his valuable contribution to the Group over his current term as Group Chief Executive Officer and to wish him every success in his new term with the Group.

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. At 30 September 2022, the Bank of Cyprus Group operated through a total of 64 branches in Cyprus, of which 4 operated as cash offices. The Bank of Cyprus Group employed 2,955 staff worldwide. At 30 September 2022, the Group's Total assets amounted to €26.2 bn and Total equity was €2.0 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.

 

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