Barclays Bank plc in Cyprus provided products and services in corporate banking, investing, international trade and offshore financial markets. Barclays Bank (Cyprus) served a broad range of corporate clients: trust companies, fiduciaries, independent asset managers, offshore financial institutions, international ship management companies, and family offices.
In March 2016, Barclays announced strategic restructuring and simplification of the Barclays Group and reducing its presence in a number of locations, including in Cyprus. Barclays continues to serve its customers and clients based in Cyprus with a product offering serviced out of the United Kingdom.
Barclays Bank plc participates in deposit guarantee scheme of Cyprus. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Barclays Bank plc is a member of Barclays (United Kingdom) and operated as a branch of Barclays Bank plc (United Kingdom).
Barclays Bank plc was located in Nicosia.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Cyprus are obliged to participate in Cyprian deposit guarantee scheme.
In the case of Barclays Bank plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Barclays Bank plc and its components are shown in the table below.
|Bank BIC Code||BARC|
|Country Code||CY (Cyprus)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Barclays Bank plc is shown in the table below.
The following banks operating under Barclays Bank brand name has been recently closed down: