After the announcement of its impressive results for 2005, Cyprus’ second largest bank, the Popular Bank, is even more optimistic for the future, since it expects further improvement in 2006.

Next Monday, the Board of Directors of the Group will examine the final audited results. “CPB’s results for 2005 are “excellent”, since there has been an improvement to all sectors of activities. The presence of the Group overseas (Greece. UK, Australia, Serbia) has strengthened, while the changes after the agreement with Marfin Financial Group create new prospects for the further development of the Group”, Laiki Group Spokesman, Costas Arhimandritis, told StockWatch.

Reports

Laiki Group denied reports for a triple merger of Marfin – Laiki Greece – Egnatia. However, “there is room for cooperation but currently there is nothing to announce”.

Dividend – Loan capital

At the upcoming meeting, the Board of Directors will examine the payment of a dividend of 6% to the shareholders. “The final decision will be subject to the AGM approval”, the bank noted.

The agenda also includes the bank’s loan capital. Invited to comment on the issue, Mr. Athimandritis said that this falls under the Board of Directors’ competency.