(3.5; 2 ratings)
3.5 2

Business Focus

retail and corporate banking

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.

Due to agreement of July 31, 2018 Astrobank Ltd acquired the banking business of USB Bank. Since January 18, 2019 USB Bank ceased its banking activities.


retail banking
corporate banking


local residents
local companies
international customers

Area Served



current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
overdraft loans
business loans
bank guarantees
letters of credit


Total Assets of USB BANK PLC
Net_income of USB BANK PLC
Total Assets (2017)
754.67 mln EUR  (+9.89%)
Net Income (2017)
-13,321,494.00 EUR  (+479.21%)

USB BANK PLC was the 4th largest bank in Cyprus in terms of total assets. In 2017 its total assets were 754,67 mln EUR. In 2017 the bank's net income was -13,32 mln EUR.

Deposit Guarantee

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

USB BANK PLC 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. USB BANK PLC is a member of Deposit Guarantee Fund for Banks and makes its contributions into it.


1 Andrea Chaliou Street, 2nd floor, 2408, Nicosia, Cyprus

USB BANK PLC was headquartered in Nicosia.

Bank Identifiers

Company Number
ΗΕ 10

Bank History

Start Date
June 1925
Close Date
January 2019

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Banking Products in Cyprus

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