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The investment fund Wellington has increased its stake in the Bank of Cyprus to 5.87%, up from 3.99%, officially becoming the third-largest shareholder in the country’s largest bank. According to an announcement on the Cyprus Stock Exchange, Wellington now holds 25.5 million shares in the lender.
The move comes just a week after the European Bank for Reconstruction and Development (EBRD) sold its entire 5% holding in the Bank of Cyprus. Those shares were quickly snapped up by institutional investors through the Athens Stock Exchange.
With Wellington joining the top three, the Bank of Cyprus’ shareholder lineup now features Senvest at the top with 9.2%, followed by Lamesa at 9.5%, and Wellington. Other notable investors include the ETYK pension fund, Helikon Investments, Osome Investments, and Eaton Vance.
For everyday Cypriots, this reshuffle may not immediately change day-to-day banking, but it signals growing confidence among big international investors in the stability and future of the Bank of Cyprus. Experts say that when large funds consolidate stakes, it can impact corporate governance, lending strategies, and even future investment opportunities on the island.
In short, while the numbers may seem abstract, the shift shows that Cyprus’ banking sector is attracting global attention, which could trickle down to stronger services and more robust financial backing for customers in the years ahead.
