CB: No to Europrofit

Following the recent application submitted to the Central Bank of Cyprus by the company Europrofit Capital Investors Ltd. for acquisition of 19,88% of the share capital of Euroinvestment & Finance Ltd. in accordance with article 17 of Banking regulations, the Central Bank is not able to grant such permission to entities who are involved in activities other than banking.

Therefore, in view of the above, Europrofit Capital Investors will examine the situation created from the decision and make relevant announcements in due course.