Public response positive to proposed Cyprus cooperative bank share offer

Nicosia, Cyprus. Public interest in shares in Cyprus’ proposed new cooperative bank has been encouraging despite the August holiday period, according to Panicos Hambas, president of the Pancyprian Cooperative Holding and Cooperative Promotion Company.

Hambas said discussions were also under way with companies interested in investing in the proposed bank.

Share offer details

The public share offer began on July 22, 2026, through the online sale of 42 million new shares issued by the Pancyprian Cooperative Holding and Cooperative Promotion Company Ltd.

Each share has a nominal value of €1, while the minimum subscription is set at 100 shares. The offer will remain open until November 17, 2026, through the Athlos Capital online platform.

The prospectus for the public offering has been approved by the Cyprus Securities and Exchange Commission.

Potential extension

Hambas said he could not comment on the level of investor interest or the capital raised while the public offering remains in progress.

If the required capital is not secured before the application period closes, the company may extend the public offering by eight months, provided the prospectus is updated first, he said.