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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
With a small population and modest economy, Cyprus had a large offshore banking industry. Compared to a nominal GDP of €19.5bn ($24bn) the banks had amassed €22 billion of Greek private-sector debt with bank deposits of $120bn, including $60bn from Russian corporations. Russian oligarch Dmitry Rybolovlev owned a 10% stake in Bank of Cyprus.
The FDIC was established as part of The Banking Act of 1933, in part as a response to the thousands of bank failures that occurred in the U.S. in the late 1920s and 1930s.
The recent decision by the government of Cyprus to shut down the island's banks and limit the amount depositors can withdraw from their accounts reveals just how real the country's financial woes are.
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.
Probank (split into "good" and "bad" bank, good bank assets taken over by National Bank of Greece, branches retain the Probank corporate banking until full merger). Proton Bank (succeeded by New Proton Bank) Santander Bank; T Bank (taken over by TT Hellenic Postbank) TT Hellenic Postbank (succeeded by New TT Hellenic Postbank)
Activities. 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]