Negotiations for the Acquisition of National Insurance Subsidiaries by the Bank of Cyprus
March 18, 2025
The Bank of Cyprus, in collaboration with ETYK, is exploring the acquisition of the subsidiaries of National Insurance in Cyprus. ETYK closely monitors the developments and seeks assurances for job security. This move aims to enhance the bank's non-interest income. If the acquisition is completed, the Bank of Cyprus will strengthen its position in the insurance market.