Established in 1901 as 'Popular Savings Bank of Limassol', Cyprus Popular Bank was the second largest bank in Cyprus; Cyprus Popular Bank was branded on its domestic bank as 'Laiki Bank'. In 2012 the bank collapsed and was rescued the government of Cyprus. In March 2013 the 'good' assets of Cyprus Popular Bank was merged into Bank of Cyprus.
Cyprus Popular Bank Public Co Ltd is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is D (default).
Cyprus Popular Bank Public Co 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 Popular Bank Public Co Ltd is a member of Deposit Guarantee Fund for Banks and makes its contributions into it.
Cyprus Popular Bank Public Co Ltd was headquartered in Nicosia.