Laiki Bank

Business Focus

universal banking

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. Laiki Bank operated as a branch of Cyprus Popular Bank Public Co Ltd (Cyprus).

Bank Category

Branches of foreign banks

Ways to Bank

Laiki Bank delivered its products and services through both direct and indirect channels, namely:
branch
online banking

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

Laiki Bank 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. Laiki Bank is a member of Deposit Guarantee Fund for Banks and makes its contributions into it.

Contacts

24, Kifissias Avenue, 151 25, Athens, Greece

Laiki Bank was located in Athens.

Bank Identifiers

BIC (SWIFT)
EGNAGR2T
MFI ID
GR028

Bank History

Close Date
March 2013

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