EFG Bank (Luxembourg) S.A.

EFG Bank (Luxembourg) S.A., Cyprus branch became operational in Cyprus in Q2 2015 as it was announced at Annual General Meeting 2015 of EFG international, 24 April 2015, Zurich. Eurobank Cyprus offers a wide range of products and services in corporate and investment banking, private banking and international business banking.

Contacts 
    Address  Globe House, 23 Kennedy Avenue, 1075, Nicosia, Cyprus
    Phone  +357 22208000
    Fax  +357 22875456
    Website  http://www.eurobank.com.cy/
    E-Mail  info@eurobank.com.cy
Headquarters  EFG Bank (Luxembourg) S.A. (Luxembourg)
Bank Category  Branches of foreign banks
Business Description 
    Services  corporate and investment banking
private banking
international business banking
Start Date  May 2015
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Bank Identifiers
    MFI ID  CY120035
European Presence  4 banks in 4 countries

Deposit Guarantee

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 EFG Bank (Luxembourg) S.A. 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: Deposit Guarantee Scheme in Cyprus

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

MFI ID

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 EFG Bank (Luxembourg) S.A. is shown in the table below.

MFI ID  CY120035

European Presence

This bank operates in the following European countries and selected dependent territories of the European countries:

Cayman Islands

Cyprus

  •  (this bank) EFG Bank (Luxembourg) S.A. (Nicosia)

Luxembourg

Switzerland

Related Information on Cyprus

  Economy and Banking Sector of Cyprus

  List of Banks in Cyprus

Country Information

  Economy and Banking Sector of Cyprus

  List of Banks in Cyprus


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