BOC at a premium on CSE, forex loans soar

Financial Mirror (Cyprus) - - FRONT PAGE -

Bank of Cyprus shares traded at a premium on the Cyprus Stock Ex­change com­pared to the Athens bourse, but this did not help the stock from plung­ing more than 4% over two days, lead­ing to some con­sol­i­da­tion. On the other hand, Cen­tral Bank data sug­gests that Cypri­ots are turn­ing to forex loans to take ad­van­tage of low euro bor­row­ing rates, ac­cord­ing to the is­sue 642, on Oc­to­ber 26, 2005.

BOC premium:

Bank of Cyprus shares tum­bled 4.24% on the Athens stock ex­change to end at EUR

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