CYPRadar 🇨🇾💰 Pancyprian Cooperative Bank launches public share offering to raise up to €42 million capital
The Pancyprian Cooperative Bank has officially commenced its public share offering today at 11am at the Poed teachers union headquarters, marking the start of its capital raising initiative. The offering includes up to 42 million new ordinary shares, each priced at €1.00, aiming to raise €42 million through cash contributions.
This share issue follows a company resolution from December 1, 2025, and the board of directors may increase the offering up to 100 million shares if demand exceeds the initial allocation. The share allocation is planned to reserve 60% for individual investors and 40% for Cypriot companies.
A 19-member committee led by Panikos Hambas is overseeing the initiative, ensuring the process aligns with the company's strategic goals. This public offering is a significant step towards strengthening the bank's capital base and expanding its operations in Cyprus.
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