Bank of Cyprus

Bank of Cyprus, which was forced to recapitalize by seizing customer savings in 2013, said on Thursday that it has fully repaid emergency liquidity assistance (ELA) to the island's central bank.

The lender said it had repaid 11.4 billion euros in total.

Most of it was a legacy of Laiki, a lender that was shut down during the financial crisis that gripped Cyprus in March 2013.

Bank of Cyprus CEO John Patrick Hourican announced on Tuesday he will step down in the summer less than two years into a major restructuring of the island?s troubled largest lender.

Bank of Cyprus said on Wednesday it posted a 256-million-euro loss for 2014, mainly on increased provisions for exposure to Russia.

?The results of the fourth quarter... were negatively affected by increased provisions relating... to impairments in Russia,? CEO John Patrick Hourican said in a statement.

Bank of Cyprus has completed the third phase of its share capital increase with its retail offer to shareholders, it said on Tuesday.

The bank said it received applications for 567,188 shares at 0.24 euros per share, totaling 136,125 euros.