BOC eyes Rus­sia in ’07, 100 mln fund for Cyprus

Financial Mirror (Cyprus) - - FRONT PAGE -

Bank of Cyprus plans to be­come the first bank from Greece and Cyprus to en­ter the Rus­sian mar­ket in 2007, while a CEE in­vest­ment fund plans to part with some of its 100 mln un­der man­age­ment and buy Cyprus eq­ui­ties, ac­cord­ing to the is­sue 673, on May 31, 2006.

Bank of Cyprus Chair­man Vas­silis Rol­o­gis told a packed AGM that re­cruit­ment is un­der­way to man di­rect bank­ing op­er­a­tions in Rus­sia and Ro­ma­nia, mak­ing it the first bank from Greece

BOC in Rus­sia:

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