USB Bank traces its roots to Yialousa Savings Bank (YSB) which was established in Yialousa in 1925. In 1996 Universal Life acquired 30% of YSB changing its name to Universal Savings Bank Ltd, this name was re-branded into USB Bank Plc in February 2009. In September 2010 BLC Bank SAL (Lebanon) acquired 9,9% of the share capital of USB Bank Plc while in June of 2011 increased this figure to 94,14% after the completion of the public offer for the acquisition of up to 100% of the bank’s shares.

USB Bank provides personal and corporate banking products and services to local and international clients.


Personal and Corporate Banking

USB BANK PLC participates in deposit guarantee scheme of Cyprus. This scheme covers accounts up to 100 000 EUR per bank per depositor.


83, Digeni Akrita Avenue, 1070, Nicosia, Cyprus

USB BANK PLC is headquartered in Nicosia.

Bank Identifiers


Business Summary

Eligible Clients
local and international clients
personal and corporate banking

USB BANK PLC provides services in the area of personal and corporate banking. USB BANK PLC makes its solutions available to local and international clients.

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 USB 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 (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 USB BANK PLC and its components are shown in the table below.

Bank BIC Code  UNVK
Country Code  CY (Cyprus)
Location Code  2N
Branch Code  -


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 USB BANK PLC is shown in the table below.

MFI ID  CY110011