Cyprus Mail

BoC mulls setting up London holding company ahead of LSE listing (Updated)

The London Stock Exchange

(Adds Bank of Cyprus comment in first paragraph)

By Stelios Orphanides

Bank of Cyprus, Cyprus’s largest lender said it is considering the incorporation of a new holding company in the UK, a step that will make its share eligible for inclusion in the FTSE UK index of the London Stock Exchange.

“The bank has been in discussions with our regulators and has considered a range of options,” Cyprus’s largest lender said in an emailed statement on Monday. “There is no intention of changing the residency of the bank’s headquarters, while the group’s tax and banking regulatory status are expected to remain unchanged”.

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