Bank of Cyprus mandates electronic dividend payments

Bank of Cyprus has officially transitioned to mandatory electronic payments for all shareholder dividends. This change follows the approval of Resolution 15 during the company's annual general meeting held on May 15, 2026, which amended the corporate articles of association. The final dividend for 2025, distributed on June 24, 2026, was the last payment issued via check. Shareholders must now provide valid bank account details to receive future dividends. Unclaimed dividends will be held in a non-interest-bearing corporate account for up to six years. If these funds remain unclaimed after this period, they may be forfeited to the bank in accordance with the updated articles. The bank stated that this move aims to increase transaction speed, mitigate risks associated with paper checks, and improve operational efficiency. Existing individual shareholders using the 1bank service can update their payment information online.