Skip to main content

Bank of Cyprus announced revision of its Privacy Statement


Bank of Cyprus has revised its Privacy Statement concerning the processing of personal data of natural persons who are customers or potential customers of the Bank, customers’ representatives and/or beneficiaries of legal entities of customers or potential customers. The renewed Privacy Statement is available at the bank’s website, on its digital channels and at the branches of Bank of Cyprus.

The Bank announced that revision of its Privacy Statement became part of its strategy to comprehensively protect personal data, in response to the requirements of Regulation (EU) 2016/679 of the European Parliament and of the Council on data protection and privacy (GDPR) and the Law providing for the Protection of Natural Persons with regard to the Processing of Personal Data and for the free movement of such data.
Labels:

Comments

Post a Comment

Popular posts from this blog

New CEO appointed by The Bank of Cyprus

The board of directors of The Bank of Cyprus made an announcement that it had appointed the new CEO of the group. Panicos Nicolaou will change in this post John Patrick Hourican, subject to approval by the European Central Bank (ECB), and will formally take the duties upon receiving the approval. The new CEO joined the bank in 2001, and since 2016, when he was promoted to the position of director of the corporate banking division, has been responsible for managing the corporate banking centres in Cyprus, the international corporate banking centre and international operations, as well as the bank’s factoring unit. Also, since 2016 he has been the member of executive committee of the bank. In the months ahead Nicolaou as CEO-designate will work closely with Hourican to support a smooth transition period.
Post a Comment
Read more

Bank of Cyprus to sell its share in CNP Cyprus Insurance Holdings Limited

Bank of Cyprus issued a bank statement informing that it had sold its entire shareholding of 49.9% in CNP Cyprus Insurance Holdings Limited to CNP Assurances , for 97.5mln euros. According to the statement, CNP Assurances is the owner of 50.1% of CNP Cyprus Insurance Holdings Limited. The sale, which is subject to regulatory approvals, is expected to be completed in the second half of 2019.  The sold stake was earlier purchased by the Bank of Cyprus when it absorbed assets and liabilities of the former Popular Bank of Cyprus (Laiki), which was wound down and folded into BoC in 2013. Although the Bank of Cyprus was the holder of 49.9% of the company’s share, it had no control of it and for this reason it took the decision to sell it and focus on its own insurance business. The transaction will result in an accounting loss of 22mln euros as bank’s investment in CNP was 119mln euros as of March 31, 2019, but the cash inflow will have positive impact on the Bank’s Total Capital ...
Post a Comment
Read more