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EBRD Exits Bank Of Cyprus: A Milestone In Post-Crisis Recovery

Regulatory Confirmation And Complete Disengagement

The European Bank for Reconstruction and Development (Ebrd) has officially terminated its stake in the Bank of Cyprus, marking a definitive end to its shareholder role. The regulatory filing, confirmed by the bank, indicates that the Ebrd has reduced its shareholding from 5.14% to 0.00%. The threshold for this transition was reached on September 4, 2025, with the formal notification following on September 8, 2025.

Strategic Disposal And Market Implications

The disposal of the Ebrd’s investment, executed at a price of €7.20 per share, aligns with the strong market interest observed among international institutional investors. Predominantly acquired by long-term, long-only funds, the transaction underscores a robust confidence in the Bank of Cyprus and the broader Cypriot economy. The sale price, trading at approximately 1.2 times tangible book value, was particularly favourable, reinforcing the bank’s strategic positioning during its post-crisis stabilization.

Legacy And Future Outlook

Since acquiring the stake in 2014 to support the stabilization of Cyprus’ financial system amid a banking crisis, the Ebrd played a pivotal role in the bank’s recovery. Its exit not only symbolizes the full return of the Bank of Cyprus to private ownership but also marks a significant milestone in its evolution. As the institution moves forward, the transition is expected to further solidify the bank’s commitment to growth and innovation, bolstered by renewed investor confidence and a stronger market foundation.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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