Director dealings: Bank of Cyprus chairman ups stake
Bank of Cyprus Holdings Public Limited Company (CDI)
316.00p
16:55 18/04/24
Bank Of Cyprus revealed on Friday that chairman Efstratios-Georgios Arapoglou had purchased 10,500 ordinary shares in the firm.
Banks
3,882.59
17:14 18/04/24
Arapoglou, the former chairman and CEO of the National Bank of Greece, acquired the shares the day before at an average price of 173.71p, for a total value of £19,820.90.
Bank of Cyprus reached an agreement for the sale of a portfolio of loans with a gross book value of €2.8bn in the second half of 2018, secured by real estate collateral.
The London-listed company said the portfolio would be transferred to a licensed Cypriot credit acquiring company by Bank of Cyprus.
As of 1630 BST, Bank of Cyprus shares had picked up 2.66% to €1.78 each.
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