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Sale of Uniastrum Bank

Sale of Uniastrum Bank

Bank of Cyprus has completed the sale of the majority of its Russian operations through the subsidiary BOC Russia (Holdings) Ltd., comprising its holdings of 80% in CB Uniastrum Bank LLC, and 80% in its leasing subsidiary, Leasing Co. Uniastrum Leasing LLC, as well as other Russian loan exposures. The buyer is Artem Avetisyan, the majority shareholder in Bank Regional Credit, and some of the entities under the control of Mr. Avetisyan.

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