Barclays Bank plc

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.

Bank Category

Branches of foreign banks

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).

Contacts

88, Digeni Akrita Avenue, 1061, Nicosia, Cyprus

Barclays Bank plc was located in Nicosia.

Bank Identifiers

BIC (SWIFT)
BARCCYNN
MFI ID
CY120008
Close Date
April 2017

Deposit Guarantee

Deposit Guarantee
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

Further Information

BIC

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.

BIC  BARCCYNN
Bank BIC Code  BARC
Country Code  CY (Cyprus)
Location Code  NN
Branch Code  -

MFI ID

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.

MFI ID  CY120008

European Presence: 18 banks in 15 countries

Barclays Bank plc operated under the brand name Barclays Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cayman Islands

France

Germany

Guernsey

Ireland

Isle of Man

Italy

Jersey

Monaco

Netherlands

Portugal

Spain

Sweden

Switzerland

United Kingdom

Defunct Banks: 4 banks in 4 countries

The following banks operating under Barclays Bank brand name has been recently closed down:

Cyprus

  •  (this bank) Barclays Bank plc (Nicosia)

Gibraltar

Spain

Switzerland

Banking Products in Cyprus