Bank of Cyprus Advances Share Buyback Plan

Bank of Cyprus Holdings (GB:BOCH) has released an update.

In a strategic move to enhance shareholder value, Bank of Cyprus Holdings Public Limited Company has announced the purchase and subsequent cancellation of 68,200 of its own shares, split across the London and Cyprus stock exchanges, as part of an ongoing €25 million share buyback programme. The transactions, conducted at varying prices, align with the company’s April 2024 announcement and reflect its continued commitment to financial prudence and capital management. The Bank of Cyprus Group remains a dominant financial institution in Cyprus, boasting significant assets and a comprehensive suite of banking and financial services.

For further insights into GB:BOCH stock, check out TipRanks’ Stock Analysis page.