Added to YB: 2026-03-31
Pitch date: 2026-03-27
BOCHGR.AT [neutral]
Bank of Cyprus Holdings Public Limited Company
Author Info
No bio for this author
Company Info
Bank of Cyprus Holdings Public Limited Company, through its subsidiaries, engages in the provision of banking, financial, and insurance services in Cyprus, Greece, the United Kingdom, the United States, Germany, Romania, Russia, Ukraine, Belarus, Israel, and internationally.
Market Cap
EUR 3.6B
Pitch Price
EUR 8.12
Price Target
N/A
Dividend
8.56%
EV/EBITDA
N/A
P/E
7.46
EV/Sales
N/A
Sector
Banks
Category
value
Theodosian Capital | Stocks Update 27/3/2026 - BOCH – Bolt-on acquisition; tidying up
BOCHGR.AT (update): Acquired Cyprus Dev Bank's €150M loans & €500M deposits at par, adding 1% to loan book & 2% to deposits w/ only 35bps capital use. Called €83M 2031 T2 bonds (6.625% coupon) after repurchasing €213M in 2025, lowering funding costs vs 4.25% 2025 issue. Trades 8.2x 2027 EPS, 10.7% yield per Bloomberg. Bolt-on aids Cyprus banking consolidation (16 firms vs 30 in Aug '21).
Read full article (2 min)