Trading of Bank of Cyprus’ shares was suspended in March 2013, following a controversial bailout that featured a conversion of unsecured deposits to equity to recapitalise the bank.

Bank of Cyprus entered a resolution process, which saw the bank absorb assets of Laiki Bank, the island’s second largest lender that has been wound down.

Last week the Bank of Cyprus posted a profit of €76 million in the first nine months of the year, helped bythe disposal of assets in Ukraine, Romania and Serbia.

Source: Famagusta Gazette