RCB Bank Ltd (formerly Russian Commercial Bank (Cyprus) Ltd)

Founded in 1995, RCB Bank (formerly Russian Commercial Bank) has been operating in Cyprus for more than 20 years. The bank uses a universal banking model to serve local and international clients. RCB Bank offers corporate, investment and retail products and services.

Services

Retail, Corporate and Investment Banking

Products

RCB Bank Ltd is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is B1 (highly speculative).

RCB Bank Ltd participates in deposit guarantee scheme of Cyprus. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

2, Amathountos Street, 3105, Limassol, Cyprus
+357 25 355 722

RCB Bank Ltd is headquartered in Limassol.

Bank Identifiers

BIC (SWIFT)
RCBLCY2I
MFI ID
CY110016

Business Summary

Eligible Clients
local and international clients
Services
retail, corporate and investment banking
Products
time deposit accounts (0.75 - 0.75 %)

RCB Bank Ltd provides services in the area of retail, corporate and investment banking. The range of products offered by RCB Bank Ltd includes time deposit accounts (0.75 - 0.75 %). RCB Bank Ltd makes its solutions available to local and international clients.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with RCB Bank Ltd are covered by deposit guarantee scheme of Cyprus up to 100 000 EUR per depositor. RCB Bank Ltd offers the following time deposit accounts.

Updated on 17 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
12
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
24
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.75 %
Deposit Term (months)
36
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Credit Ratings (as of May 2018)

Fitch Moody's
- (not rated) B1 (highly speculative)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. RCB Bank Ltd is rated by Moody's.

Credit ratings assigned to RCB Bank Ltd as of May 2018 are shown in details in the following sections.

Moody's

Long-term rating for RCB Bank Ltd it is set to B1 (highly speculative). Long-term bank deposit rating is B1 (highly speculative). Baseline credit assessment is b2. Short-term rating is not assigned.

Long-Term Rating  B1
Long-Term Bank Deposit Rating  B1
Baseline Credit Assessment  b2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of RCB Bank Ltd is set to stable (not likely to change).

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 RCB Bank Ltd 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 RCB Bank Ltd and its components are shown in the table below.

BIC  RCBLCY2I
Bank BIC Code  RCBL
Country Code  CY (Cyprus)
Location Code  2I
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 RCB Bank Ltd is shown in the table below.

MFI ID  CY110016

European Presence: 2 banks in 2 countries

RCB Bank Ltd operates under the brand name RCB Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cyprus

  • (this bank) RCB Bank Ltd (Limassol)

Luxembourg