Bank of Cyprus sets sights on MREL target

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By Frank Jackman
22 Apr 2021

Bank of Cyprus said that it might start issuing senior paper towards its minimum requirement for own funds and eligible liabilities (MREL) later this year as it looks to satisfy its 2022 interim target.

“We are in the last phase of our recovery journey from the crisis in 2013: the bank has deleveraged, and asset quality has improved significantly,” said Despina Kyriakidou, treasury director at Bank of Cyprus.

“The bank has a very strong liquidity position, so there are no imminent ...

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