Bank of Cyprus Public Company Limited

Deposit Guarantee

Deposit Guarantee
Yes (up to 100,000 EUR per depositor)

Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.

Deposit Guarantee in Bank of Cyprus Public Company Limited

All branches of EU-banks operating in Greece participate in deposit guarantee schemes of their home countries. This means that Bank of Cyprus Public Company Limited participates in the deposit guarantee scheme of Cyprus.

Bank of Cyprus Public Company Limited is a member of Deposit Guarantee Fund for Banks and makes its contributions into it. In the case of Bank of Cyprus Public Company Limited failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount
100,000 EUR
Temporary High Balance
150,000 EUR
Eligible Depositors
natural persons
  • citizens of Cyprus
  • residents of Cyprus
  • foreign citizens
  • foreign residents
legal entities
  • registered in Cyprus
  • registered abroad
Non-Eligible Depositors
banks
cooperative credit institutions
investment firms
insurance undertakings
public funds
public authorities
Covered Currencies
all currencies, namely
  • EUR (Euro)
  • foreign currencies
Paid In Currency
EUR

Further Information

Similar Banks

Bank of America N.A. Logo Bank of America N.A.
investment banking
Bank of China (Luxembourg) S.A. Athens branch Logo Bank of China (Luxembourg) S.A. Athens branch
corporate and investment banking
Bank Saderat Iran Logo Bank Saderat Iran
trade finance
BMW Austria Bank GmbH Logo BMW Austria Bank GmbH
vehicle financing for BMW brands
BNP Paribas Logo BNP Paribas
corporate banking

Banking Products in Greece

See Also

Related Articles

Expat Banking in Greece
17 September 2020