Shares of Cyprus' largest bank to resume trading Dec 16 after 21-month hiatus

In another sign that stability is slowly returning to Cyprus' battered financial sector, shares in the country's largest bank will resume trading on the bourse on Dec. 16 after a 21-month hiatus.

In a statement Friday, the stock exchange said around 8.9 billion common shares in the Bank of Cyprus will start trading at a price of 24 euro cents each ($0.30).

Trading was suspended in the wake of a 10 billion-euro rescue deal Cyprus agreed with international creditors in March last year that authorized bank deposit seizures to prop up the country's banking system.