On 16 November the
management of Bank of Cyprus Public Co. Ltd. (Τράπεζα Κύπρου Δημόσια
Εταιρία Λτδ), the head company of the Bank of Cyprus Group (Συγκρότημα Τράπεζας
Κύπρου) announced that on 28 November the Board of Directors would be meeting
to examine the group’s financial results for the nine months ended 30 September
2012, and that the financial results would be made public that same day after
the close of the market.
One week earlier,
on 9 November, the bank had issued a public notice to the effect that the
bank’s income for the nine months ended 30 September – after taxes but before
accounting for non-performing Greek government bonds – was expected to be
considerably less than the same figure in the year-earlier period due to
reduced operating income and increased provisions for NPLs.
Earlier, on 25
September the bank had issued a statement denying assertions, made by the media
and by the chairman of Cyprus 20 June 2012 - 19 September 2012 for bonds issued
by the bank in 2008 and traded on the Cyprus Stock Exchange under the code BCSC/ΤΡΚΑΓ. The bank had also made a deferral of the
interest payment on those bonds in the preceding quarter (20 March 2012 - 19 June 2012 ).
Sources:
Προειδοποίηση
Κερδοφορίας (2012-11-09)
Ανακοίνωση
Τράπεζας Κύπρου (2012-09-25)
Mark Pleas
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