The investment fund Helikon Investments Limited has increased its stake in the Bank of Cyprus. According to a statement released by the Bank of Cyprus yesterday, the Italian investment fund, based in London, reported that its voting rights (corresponding to shares) in the bank have risen to 4.04% of the share capital.

Helikon's previous stake was 2.04%.

Additionally, the Bank of Cyprus announced that it will pay a dividend of 25 cents per common share for the 2023 fiscal year, with the ex-dividend date set for April 25.