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.
|Address||Globe House, 23 Kennedy Avenue, 1075, Nicosia, Cyprus|
|Headquarters||EFG Bank (Luxembourg) S.A. (Luxembourg)|
|Bank Category||Branches of foreign banks|
|Services||corporate and investment banking
international business banking
|Start Date||May 2015|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
|European Presence||4 banks in 4 countries|
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
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|
Any bank can be identified for different purposes and hence can have several different identifiers.
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.