CySEC fines the Bank of Cyprus Public Company Ltd and its Director

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has investigated the compliance of Bank of Cyprus Public Company Ltd, its Board of Director Members’ and its General Manager with the Transparency Requirements and has identified the existence of violations and imposed administrative fines.

Bank of Cyprus Public Company Ltd has been charged with a total administrative fine of €25.000.

The General Manager of the Financial Management and Strategy Division, Mr. Christis Hadjimitsis, has been granted with an administrative fine of €70.000.

Full details of the CySEC’s decision are available in CySEC’s website announcement.

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