Cyprus Popular Bank Public Co Ltd
CYPRUS POPULAR BANK PUBLIC CO LTD ANNOUNCEMENT Further to its announcements dated August 16 and August 27, 2012, Cyprus Popular Bank Public Co Ltd announces that during a meeting held today, its Board of Directors approved the Financial Report of the Group for the period January – June 2012. The Financial Report, as well as a relevant Presentation and Press Release are attached hereto. Data and information for the Financial Report will be published in the newspaper “Politis” in Cyprus, on Saturday, September 1, 2012. The Financial Report will also be available at the Group’s website (www.laiki.com), the Cyprus Stock Exchange website (www.cse.com.cy), as well as at the Athens Exchange website (www.ase.gr). Copies can also be obtained from the Banking Operations Support & Shares Department of the Group, 124 Strovolos Avenue, 4th floor, 2042 Strovolos, Nicosia. CYPRUS POPULAR BANK PUBLIC CO LTD Jacqueline Loizides-Lambert Secretary Nicosia, 31 August 2012 CYPRUS POPULAR BANK PUBLIC CO LTD GROUP INTERIM MANAGEMENT REPORT OF THE BOARD OF DIRECTORS (continued) PRESS RELEASE FIRST HALF 2012 RESULTS 31 August 2012 - LAIKI BANK GROUP IN ADJUSTMENT PROCESS - TRANSITION PERIOD ΤΟWARDS PROFITABILITY - STRENGTHENING THE BALANCE SHEET THROUGH RESERVE BUFFERS SUMMARY OF FIRST HALF 2012 RESULTS REPUBLIC OF CYPRUS PARTICIPATION IN SHAREHOLDING STRUCTURE On 18 May, 2012 via the Decree issued by the Minister of Finance, the Republic of Cyprus underwrote fully the €1,8 billion rights issue of Laiki Bank, from which the arising state participation in the Bank’s capital amounted to circa 84% in June 2012. As provided by the Decree, Laiki Bank in collaboration with the appointed consultants KPMG UK, has completed and submitted to the Central Bank of Cyprus a comprehensive five-year Restructuring Plan of the Group’s operations.
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