Bank of Cyprus Group
The Bank of Cyprus Group was founded in 1899 and is the leading banking and financial services group in Cyprus.
The Group provides a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance.
The Group currently operates through a total of 427 branches in Cyprus, Russia, Ukraine, the United Kingdom and Channel Islands and employs 9.920 staff worldwide. The Group also has 7 representative offices in Russia, Ukraine, Serbia, China and South Africa and presence in Romania.
Following the decision of the Eurogroup meeting held on 25 March 2013 and the decrees issued by the Central Bank of Cyprus in its capacity as the Resolution Authority, Bank of Cyprus has acquired the insured deposits and the majority of the assets and loans of the Cyprus Popular Bank Public Co Ltd (“Laiki”) and as a result it currently operates in Cyprus through 202 branches and with 5.640 employees (85 branches and 2.390 employees were transferred from Laiki).
In addition, the Group exited Greece, a market in which it operated for the last 22 years, through the disposal of loans, fixed assets and deposits of its banking operations in the country. The operations of the Group in Romania and UK have also been affected. In Romania, the Group transferred certain assets and liabilities including most customer deposits, certain loan agreements and related collateral, cash and other liquid assets to the subsidiary of Laiki in Romania. In the UK, deposits of the UK Branch of Laiki have been transferred to BOC’s UK subsidiary and advances to the parent company of the Group.
The above major changes mark a new era for the Bank of Cyprus Group.
Latest News, Articles & Interviews See All
30 May 2013
The Bank of Cyprus Public Company Ltd (“Bank”) announces that, the Resolution Authority has appointed Mr Christos Sorotos in the position of Interim Group Chief Executive Officer, following a recommendation from the transitional Board of Directors of the Bank. Read More
12 July 2012
At its meeting held today, the Board of Directors of Bank of Cyprus decided to appoint Mr. Yiannis Kypri, who until today held the position of Deputy Group Chief Executive Officer, as Group Chief Executive Officer. The Board of Directors of Bank of Cyprus also decided that Mr. Yiannis Pehlivanidis continues in the position of First Deputy Group Chief Executive Officer. Read More
Group Headquarters 51 Stassinos Street, Ayia Paraskevi, Strovolos P.O. Box 21472, 1599 Nicosia, Cyprus
Tel: (+357) 22 122 100
Email: visit: http://www.bankofcyprus.com
International Banking Services 4, Evrou Str., 2003 Strovolos, Nicosia, Cyprus
Tel: (+357) 22 121 730