Cyprus Cooperative Bank Ltd

Business Focus
cooperative banking

Cyprus Cooperative Bank (formerly Co-operative Central Bank) is a central body of cooperative credit and savings societies (cooperative credit institutions) operating in Cyprus. Cyprus Cooperative Bank Ltd provides retail banking, corporate banking and insurance products to natural persons and legal entities residing in Cyprus. The cooperative credit institutions are, however, autonomous legal entities and to have their own administrative and management bodies. In September 2018, Hellenic Bank completed the acquisition of certain assets and liabilities of Cyprus Cooperative Bank. In October 2018, the Single Supervisory Mechanism (SSM), the supervisory arm of European Central Bank, has forced Cyprus Cooperative Bank to wind down its operations.

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Deposit Guarantee Fund for Banks
Covered Depositors
natural persons (domestic and foreign)
legal entites (domestic and foreign)
Covered Accounts
all accounts

Cyprus Cooperative Bank Ltd participates in the deposit guarantee scheme of Cyprus. This deposit guarantee scheme applies to all accounts made by natural persons (domestic and foreign), legal entites (domestic and foreign) and covers up to up to 100,000 EUR per bank per depositor. Cyprus Cooperative Bank Ltd is a member of Deposit Guarantee Fund for Banks and makes its contributions into it.

Contacts

8, Grigori Afxentiou Street, 1096, Nicosia, Cyprus
http://www.coopbank.com.cy/

Cyprus Cooperative Bank Ltd was headquartered in Nicosia.

Bank Identifiers

BIC (SWIFT)
CCBKCY2N
MFI ID
CY110003

Bank History

Close Date
September 2018
Previous Name
Co-operative Central Bank Ltd

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