Commenting on the sale of the business, Nick Fahy, CEO at Bank of Cyprus UK said: “We welcome the completion of the sale to Cynergy Capital. It is a positive development for the UK bank and for our customers, enabling us to focus on growing our franchise across enterprising business owners and savers in the UK, including the underserved property and SME market. We will rebrand to ‘Cynergy Bank’ by the end of the year, with the name reflecting our Cypriot heritage and evolution over the past 60 years. I would like to take this opportunity to thank Bank of Cyprus Group for their support during this time. I am excited for the journey ahead and we will keep our customers updated throughout this process.”
Please contact Bank of Cyprus Group Investor Relations on firstname.lastname@example.org with any questions about the sale.
For information about Bank of Cyprus UK please contact Powerscourt.