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Hellenic Bank Public Company Ltd (Greek: Ελληνική Τράπεζα Δημόσια Εταιρία Λτδ) (CSE: HB) is a bank in Cyprus. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank .
Cyprus Cooperative Bank (merged with Hellenic Bank in July 2018) Cyprus Popular Bank (currently subject to resolution, prohibited from assuming any new obligations to the public) USB Bank (merged with AstroBank in January 2019) RCB Bank (ceased banking operations to become an asset management company) References
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the ...
It also offers car insurance and web banking. 1632 Eurobank Ergasias: $2.2 B 8,617 Engages in the provision of retail, private, corporate, private banking, asset management, insurance, treasury, capital markets, and other services. 1736 Hellenic Petroleum: $9 B 3,409
Bank of Cyprus new offices in Aglandjia. The Nicosia Savings Bank or Nicosia Depository (Ταμιευτήριο η Λευκωσία) was founded on 1 January 1899 by a group of Cypriots led by Ioannis Economides, a figure in financial and social circles. The bank was the first Cypriot bank, with all the other banks in Cyprus being foreign-owned.
Eurobank Ergasias. Eurobank is a financial organisation that operates in Greece, Cyprus, Luxembourg, Bulgaria and the UK. As of December 2018, the Eurobank Group counts, € 58 billion in assets, 653 customer service locations in Greece and abroad, and 13,162 employees. [12]
Piraeus Bank is a universal bank providing various banking services. Historically a bank supportive of SMEs it now also possesses particular know-how in the areas of agricultural banking, consumer and mortgage credit, green banking, capital markets, investment banking, leasing and electronic banking. [10]
The economy of Cyprus is a high-income economy as classified by the World Bank, [3] and was included by the International Monetary Fund in its list of advanced economies in 2001. [1] [2] Cyprus adopted the euro as its official currency on 1 January 2008, replacing the Cypriot pound at an irrevocable fixed exchange rate of CYP 0.585274 per €1.
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