Marfin Popular Bank
From Wikipedia, the free encyclopedia
| Marfin Popular Bank Public Co. Ltd Λαϊκή Τράπεζα |
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| Type | Public |
|---|---|
| Founded | 1901 |
| Headquarters | Nicosia, Cyprus |
| Key people | Neoklis Lysandrou (Chairman of the Board of Directors) |
| Area served | Cyprus, Greece, UK, Serbia, Australia |
| Industry | Financial services |
| Products | Banking |
| Operating income | €1.2 billion (2006)[1] |
| Net income | €396 million (2006) |
| Slogan | Do you have expectations? You have a Bank. |
| Website | http://www.Laiki.com/ |
Marfin Popular Bank (CSE: CPB ATHEX: MARFB ), formerly Cyprus Popular Bank (a.k.a. Laiki Bank), is the second largest bank on the island of Cyprus behind the Bank of Cyprus. It was founded in 1901 in Limassol.
Currently it holds a 14.98% share of the market in loans and a 19.2% share of deposits. Its shares are listed on the Cyprus Stock Exchange and the Athens Stock Exchange.
In 2006 the Cyprus Popular Bank (Laiki Bank) was taken over by the Greek company Marfin Financial Group and the bank was re-branded as Marfin Popular Bank[2].
[edit] References
- ^ "Cyprus' Marfin Popular Bank Reports 235 Percent Profit Increase in 2006", Associated Press, Yahoo! Finance, Thursday February 8, 2007. Retrieved on 2007-02-08.
- ^ A new era in Cyprus corporate history-(Cyprus Mail archive article - Thursday, September 21, 2006) [1]
