Panayiotis Rougalas
Bank of Cyprus has packed its bags for New York as it gears up to meet with the investment community at the Athens Stock Exchange's conference in collaboration with JPMorgan on the 25th of this month. Serving as the "Cypriot" participant in the conference, Bank of Cyprus has already scheduled closed meetings with institutional investors. A previous meeting at a similar conference in London resulted in the investment fund Fidelity Funds entering the share capital of BOC, marking a significant step forward with 310 thousand shares.
Bank of Cyprus is expected to share its investment story with the investment community, highlighting its recent accomplishments and financial indicators. Simultaneously, it will provide insights into the economic landscape of Cyprus. The primary goal is to secure a share of the potential investments available in New York, with attending investment funds estimated to have a combined potential of 10 trillion dollars. Bank of Cyprus will emphasize its ECB-approved dividend payout and commitment to providing consistent returns to shareholders within its investment narrative. The European Central Bank's monetary policy meeting on the same day is also anticipated to draw attention to potential decisions regarding interest rates. While analysts predict no diversification in interest rate levels, the possibility of a rate cut remains open, according to previous statements by the ECB President.
[This article was translated from its Greek original and may have been edited for brevity]
