The Cyprus Stock Exchange (CSE) came under significant pressure on Thursday, following the negative climate presented by the other European stock exchanges. The General Index closed at 260.53 points, registering a significant drop of 1.21%.
The FTSE/CySE 20 index also fell, reaching 159.10 points with losses of 1.16%. The daily volume of transactions amounted to €287,839.
From the individual indices, the Main Market fell by 1.26%, the Investment Companies lost by 0.70% and the Alternative Market by 0.99%, while the Hotels index remained unchanged.
The biggest investment interest was attracted by the securities of Bank of Cyprus with €200,919 (price €8.30 – drop 1.66%), Logicom with €38,140 (price €2.80 – drop 1.41%), Dimitra Investments with €21,117 (price €1,385 – drop 0.72%), Eurobank Cyprus with €13,760 (price closing price €3.308 – down 1.25%) and KEO with €5.083 (price €1.22 – down 2.40%).
Of the shares traded, two advanced, nine declined and three remained unchanged. The number of transactions reached 106.
Furthermore, further to the announcement dated March 23, 2026, Bank of Cyprus Holdings Public Limited Company announced that its subsidiary, Bank of Cyprus Public Company Ltd. signed an agreement with Cyprus Development Bank Public Company Limited (‘CDB’), regarding the acquisition of a portfolio of serviced loans and deposits and certain other assets and liabilities at a price close to the nominal value.
It is reported that the Transaction is carried out under normal commercial terms and its scope includes a portfolio of serviced loans of approximately €150 million and deposits of approximately €500 million.
It is also reported that after synergies, the Transaction is expected to have a moderately positive effect on the Group’s income statement with a limited impact on capital of approximately 35 bp.
It is added that the Transaction is expected to be completed in the second half of 2026 and is subject to the fulfillment of certain conditions (including receipt of required regulatory approvals).
According to Bank of Cyprus Holdings, the transaction supports the Group’s strategy for medium-term growth of the portfolio of serviced loans and deposits.
It is also stated that this Transaction does not concern or affect the interests of the Company Secretary or any ‘specified person’ as defined in Article 137(3) of the Cyprus Securities and Stock Exchange Law 14(I)/1993 (as amended).
It is added that KPMG Limited acted as financial advisor and Hadjianastassiou Ioannides LLC as legal advisors and as competition advisors to the Group for the Transaction.
Source: KYPE