August 17, 2017
Financial Quotes
" We all know how the size of sums of money appears to vary in a remarkable way according as they are being paid in or paid out. "

Julian Huxley

Banks in

The Bank of Cyprus Public Company Ltd ("the Bank") was founded in 1899 and is the holding company of the Bank of Cyprus Group ("the Group"). The Group is the leading financial services organisation in Cyprus, with a dynamic presence in Greece and Russia and operations in the United Kingdom and Australia, Romania, Ukraine and Channel Islands. The Bank is licensed by the Central Bank of Cyprus and is operating under its Regulation and Supervision. The Group offers a wide range of financial products and services, which include banking services, leasing, factoring, brokerage, fund management, investment banking, general and life insurance services. The bank has the mission to offer outstanding quality service to their customers making their lives simple and easy, to serve their customers in the best qualitative manner through alternative delivery channels of advanced technology, offer products and services that satisfy their needs and improve the Bank's portfolio in the private sector.
General Informations
HQ Address: Calea Dorobantilor nr. 187B, sector 1, Bucuresti, Romania
Opening Times: Click to view Opening Times
Phone: 021.409.91.00
Fax: N/A
Web: Bank of Cyprus
Branches: 14 Founded: 1899

The Bank of Cyprus was founded in 1899. At 31 December 2009, the Bank's market share in deposits and loans in Cyprus amounted to 28,1% and 27,5%, respectively. The Bank operates 143 branches in Cyprus. The Bank has been operating in Greece since 1991. The dynamic expansion of the Bank's Greek operations started in 1999. The Bank operates 166 branches in Greece and has a market share in deposits and loans of around 4%. Kyprou Leasing, a subsidiary of the Bank, which operates in Greece held the second largest market share in the Greek leasing sector (17% share). As part of its strategic plan, the Group expanded its international activities in Eastern Europe entering the markets of Romania, Ukraine and Russia in 2007 and 2008. In March 2007, the Bank expanded its operations in Romania with the provision of leasing services. In June 2007, the first banking branch became operational in Bucharest. Today the Bank operates 13 branches and 2 agencies. In Russia the Group commenced its operations in 2007 through the establishment of a wholly owned subsidiary and was the first Greek or Cypriot institution to enter the Russian market. In 2008 the Group's presence in the Russian market was further enhanced by the acquisition of an 80% interest in Uniastrum Bank, which operates through an extensive branch network of 216 branches, offering an extensive range of products to the retail sector. In Ukraine the Group operates 18 branches offering banking services in the Ukrainian market through a subsidiary. The Group also operates in the United Kingdom and Australia through 4 and 10 branches respectively, serving a diverse customer base. At 31 December 2009, the Group's Total Assets reached €39,4 bn and the Group's Shareholders' Funds were €2,4 bn.
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