The Cyprus Borrowers Protection Association (Syprodat) has welcomed the launch of the public share offering for the proposed Pancyprian Cooperative Bank, while stressing that the project’s success will ultimately depend on transparency, sound corporate governance and restoring public trust.
The association’s intervention comes after the Cyprus Securities and Exchange Commission (CySEC) approved the prospectus for the new bank’s public offering, allowing organisers to begin raising €42 million in capital as
