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.
Due to regulatory requirements RCB Bank Ltd performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual RCB Bank Ltd will ask him/her to provide the following documents: passport, ID card, utility bill, house insurance, bank statement. For corporate clients RCB Bank Ltd will ask to provide corporate documentation as well as information about controlling persons. RCB Bank Ltd may request additional documentation or information depending on the case.
RCB Bank Ltd is the 3rd largest bank in Cyprus in terms of total assets. In 2018 its total assets were 6 087,89 mln EUR. In 2018 the bank's net income was 98,73 mln EUR.
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 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. RCB Bank Ltd is a member of Deposit Guarantee Fund for Banks and makes its contributions into it.
RCB Bank Ltd is headquartered in Limassol.