Powerscourt supports Bank of Cyprus listing on the LSE

Powerscourt supported Bank of Cyprus, the banking and financial services group, as it listed its shares on the main market of the London Stock Exchange (LSE) on 19 January.


From left to right: chairman of Bank of Cyprus, Dr Josef Ackermann, CEO of the London Stock Exchange Group, Xavier Rolet and CEO of Bank of Cyprus, John Hourican

Bank of Cyprus listed with a market capitalisation of €1.5 billion (£1.3 billion).

Powerscourt has advised Bank of Cyprus on financial and corporate communications since 2014, during the bank’s turnaround under CEO John Hourican.

He said: “Powerscourt plays a crucial role in communicating our strategy and we are benefiting from its first-class strategic communications advice and execution ability.”

Since 2014, Powerscourt has supported Bank of Cyprus through its successful return to the debt capital markets after a 10-year absence and its full repayment of Emergency Liquidity Assistance (ELA) funding.

Director Karen Le Cannu led the Powerscourt team which includes consultant Alex Rowbottom and analysts Sofie Brewis and Callum Junor.

Related Posts
Opinion: How challenger agencies can compete with the big agency networks
Barbara Bates, global CEO at Hotwire, highlights the key areas where challenger agencies can go the extra mile to compete with their larger counterparts. For a long time in [...]
60 Seconds with The Academy co-founder Mitch Kaye
60 Seconds with The Academy co-founder Mitch Kaye
Mitch Kaye, co-founder of The Academy, reveals why he and Dan Glover started their second agency, how the pair work together and his love of AFC Bournemouth. What made you [...]
Discover how PR can move from evolution to revolution
At CommsCon earlier this month, we heard a range of fantastic speakers articulate their view of what comms professionals can do to improve their output. They encouraged their [...]
Brendon Craigie Tyto PR
Opinion: Why “PR” is having a renaissance
Brendon Craigie, co-founder and managing partner at Tyto PR, examines why PR professionals are once again adopting the PR moniker. The public relations industry is in the [...]