Powerscourt supports Bank of Cyprus listing on the LSE
Powerscourt supported Bank of Cyprus, the banking and financial services group, as it listed its shares on the main market of the London Stock Exchange (LSE) on 19 January.
From left to right: chairman of Bank of Cyprus, Dr Josef Ackermann, CEO of the London Stock Exchange Group, Xavier Rolet and CEO of Bank of Cyprus, John Hourican
Bank of Cyprus listed with a market capitalisation of €1.5 billion (£1.3 billion).
Powerscourt has advised Bank of Cyprus on financial and corporate communications since 2014, during the bank’s turnaround under CEO John Hourican.
He said: “Powerscourt plays a crucial role in communicating our strategy and we are benefiting from its first-class strategic communications advice and execution ability.”
Since 2014, Powerscourt has supported Bank of Cyprus through its successful return to the debt capital markets after a 10-year absence and its full repayment of Emergency Liquidity Assistance (ELA) funding.
Director Karen Le Cannu led the Powerscourt team which includes consultant Alex Rowbottom and analysts Sofie Brewis and Callum Junor.
