Cypriot businessmen Costas Cleanthous and Charalambos Panayiotou, shareholders of fintech trading platform XM, have applied to the Central Bank of Cyprus (CBC) to acquire a majority stake in Ancoria Bank, according to Kathimerini .
Although both men are deeply involved in XM, the online trading company is not connected to the bank acquisition in any capacity.
The move, filed on July 18, seeks to increase their combined stake in Ancoria
