Bank of Cyprus Group

Bank of Cyprus Group is the largest group that provides banking services in Cyprus. Euromoney magazine recognized Bank of Cyprus as the best financial institution of the island in 2015. As the bank provides various financial products to private and corporate clients, it is well suited for bank account opening for offshore companies.

About the Bank

Bank of Cyprus was founded as the Savings Bank of Nicosia in 1899. After a while it was renamed and recognized as a public company - Bank of Cyprus public company. In 1943, the bank began expand actively, absorbing other banks of Cyprus, spreading throughout the island, and in 1955 it was established subsidiary in London. Then it was appeared Bank of Cyprus in Greece, Australia, South Africa, Canada, Romania, the Norman Islands. Branches were also opened in Russia (Bank of Cyprus Moscow), Ukraine. Currently, the bank is represented at the London Stock Exchange.

Bank of Cyprus Group wasn’t limited just bank’s working. There were established insurance company EuroLife, Health Insurance Fund of the Bank of Cyprus, factoring and leasing companies, and other enterprises. In order to attract the attention of customers, since 2000 the bank has started offering remote service as an alternative to branches (Internet, telephone, WAP).

Bank services

The Bank of Cyprus serves the interests of the private and corporate sectors, providing clients with various financial services. Among them:

• Strict confidentiality.
• Different account types.
• Deposits.
• Lending.
• International transfers (Bank of Cyprus SWIFT).
• Ability to conduct transactions through banks correspondents of Bank of Cyprus.
• Business lending.
• Corporate banking.
• Investments.
• Factoring.
• Financial management.
• Trust operations.
• Investments.
• Brokerage operations.
• Insurance.

The Bank of Cyprus has official website: http://www.bankofcyprus.com. Here you can find about the various services of the bank, where there are branches (for example, Bank of Cyprus Moscow representative office or Bank of Cyprus Limassol). Here you can find the address of the Bank of Cyprus central office, as well as the correspondent Bank of Cyprus.

The customer can manage money, monitor account through Internet banking, mobile phone. The system named as official Bank of Cyprus, and is available at http://www.bankofcyprus.com.cy. The client can pay for financial services, create templates through Internet banking.

For mobile phone users, Bank of Cyprus public LTD provides a QuickPay service allowing customers to make daily payments up to 150 euros.

How to open an account

Personal visit is not necessary for bank account opening. Official representative Bank of Cyprus is in Moscow, and we will agree about the meeting. In addition, our specialists will help you to prepare all necessary documents, fill out the forms. The application revision takes about a month. If something from the Bank of Cyprus LTD employee provokes suspicion, additional papers will be required. Therefore, it is important not to ignore our recommendations filling the forms.