The six main shareholders and 19-member board behind Cyprus’s new cooperative bank

The project to establish a new cooperative bank in Cyprus has entered its most critical phase, with the public share offer forming a precondition for licensing and operation of the new credit institution.

The prospectus of the Pancyprian Cooperative Participations and Cooperativism Promotion Company Limited, presented by Phileleftheros, sets out the prospects and significant risks accompanying the investment, the new board of directors, and the main shareholders holding at least 5%....