The Pancyprian Cooperative Bank has initiated a €42 million public share offering, scheduled to open on 22 July.
The capital raise represents the first tangible phase in the long-delayed revival of the institution, which collapsed in 2018 and has since been the subject of extensive viability studies and regulatory discussions.
The issuance aims to establish the operational foundation for the new entity.
According to local media reports, the process is part of a broader restructuring plan that seeks to restore the bank's presence in the Cypriot financial sector.
The offering is expected to attract both retail and institutional investors looking to participate in the bank's relaunch.
Regulatory approval remains a critical hurdle.