The Bank of Cyprus witnessed a surge in trading activity during the latest session at the Athens Stock Exchange, according to a report from Stockwatch.

Specifically, shares worth €32 million changed hands through the sale of large stock packages at prices ranging between €5.54 and €5.74.

What is more, the bank’s stock reached its highest level since its return to the Athens Stock Exchange in September 2024, closing at €5.82 per share, marking an increase of 3.93 per cent.

At the same time, the share price also closed at a historic high on the Cyprus Stock Exchange, at €5.80 per share, reflecting a 4.32 per cent rise.

The boost in the BOCHGR stock at the Athens Stock Exchange was driven by pre-agreed package transactions.

According to a report from Stockwatch, these were likely exchanged between investment funds, most probably of foreign interest.

In more detail, approximately ten large transactions took place for BOCHGR on the Athens Stock Exchange, with values ranging from €126,000 to nearly €14 million.

Among these, two major transactions stood out. First, the sale of a package worth €13.7 million for the purchase of 2,472,518 shares at €5.54 per share, followed by another package valued at €13.8 million for the purchase of 2,472,518 shares at €5.56 per share.

The total value of transactions involving Bank of Cyprus shares on the Athens Stock Exchange reached €4.2 million, while the total value of stock packages amounted to €32.1 million. The total volume of sales was recorded at €738.3 million.

Meanwhile, according to Alpha Trust data, BOCHGR ranks among the best-performing stocks on the Athens Stock Exchange in 2025, with an annual return of 26.52 per cent.

Meanwhile, Greek media reports suggest that, based on brokers’ estimates, the stock is likely to be included in the FTSE25 index during the next index review.

It should be noted that the Bank of Cyprus has now achieved investment-grade status from the three major rating agencies—Moody’s, S&P, and Fitch.

The most recent upgrade came from Fitch Ratings, reflecting the bank’s improved asset quality and strong profitability structure, which is expected to remain solid despite falling interest rates.

Fitch on Tuesday upgraded the Bank of Cyprus to BBB- from BB+, with its viability rating (VR) improving to bbb- from bb+ and with a positive long-term outlook.

“The upgrade mainly reflects BoC’s improved asset quality from a reduced stock of legacy problem assets (which include non-performing exposures (NPEs) and net foreclosed properties) and strengthened capitalisation, which resulted in reduced and manageable capital encumbrance by unreserved problem assets,” Fitch said in its report.

In addition, Fitch explained that “structurally sound profitability, which we expect to remain satisfactory despite falling interest rates,” has contributed to the bank’s rating upgrade.

*This article is a translated version of content originally published on StockWatch.