BOC in mu­tual funds, prof­its at par with Greek gi­ants

Financial Mirror (Cyprus) - - FRONT PAGE -

Bank of Cyprus an­nounced it was set­ting up a mu­tual fund ven­ture to­gether with SBC, while its prof­its of CYP 42.5 mln were at par with Greek peers and aimed to dou­ble in five years, ac­cord­ing to the

is­sue 151, on Fe­bru­ary 28, 1996. Swiss Bank­ing Corp. an­nounced a joint ven­ture with Bank of Cyprus to pro­mote about 90 mu­tual funds in the lo­cal and off­shore mar­kets, with the Cypriot bank’s Global Equity Fund with GBP 17.5 mln un­der man­age­ment, re­port­ing a 20.2%


re­turn in ster­ling terms.




BOC Chair­man Solon Tri­antafyl­lides said that 1995 saw a spec­tac­u­lar rise in prof­its, which is at par with most Greek banks, and in mar­ket cap was the third big­gest be­hind Al­pha Credit and NBG. The 30% rise in op­er­at­ing prof­its to CYP 42.5 mln is ex­pected to reach 100 mln in five years, Tri­antafyl­lides de­clared.


Share prices fell across the board as con­fu­sion mounted on the fu­ture of the stock mar­ket

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.