Cyprus' biggest bank to list on London Stock Exchange
{{#rendered}} {{/rendered}}Cyprus' biggest bank says it's applying for a listing on the London Stock Exchange to boost its profile, attract investors and expand its access to capital.
The Bank of Cyprus said Tuesday it intends to maintain a listing on the Cyprus Stock Exchange, but won't be listed on the Athens Exchange.
The bank said in a statement that it has incorporated a holding company for the Bank of Cyprus Group in Ireland in order to be eligible for inclusion in the London Stock Exchange's premium listings.
{{#rendered}} {{/rendered}}The bank was at the center of a multibillion-euro rescue deal Cyprus agreed in 2013 with its eurozone partners that saved it from bankruptcy. The island nation successfully completed the program in March.