Bank of Cyprus Greece is part of the Bank of Cyprus Group that was founded in Cyprus in 1899. Τhe Group is the leading banking and financial services group in Cyprus and provides a wide range of banking services. It currently operates through a total of 556 branches, of which 190 operate in Russia, 181 in Greece, 126 in Cyprus, 44 in Ukraine, 10 in Romania, 4 in the United Kingdom and 1 in the Channel Islands. Bank of Cyprus also has 6 representative offices in Russia, Ukraine, Serbia and South Africa. The Bank of Cyprus Group employs 11.101 staff worldwide.
Since 1991 when the Bank started operating in Greece, it has been expanding steadily. Bank of Cyprus Greece provides a full range of financial services: banking services, leasing, mutual funds and asset management, stockbroking services, factoring, and insurance services (general insurance / life insurance).
The most significant factors that established Bank of Cyprus in the greek market are the quality of service, its flexibility and its pioneer products. In order to provide the best customer service, activities have been organized in three sectors: corporate, retail and consumer. At the same time, branches are flexible, so as to provide high quality service and specialized products that cover all customer needs.
Bank of Cyprus aims primarily at offering each customer products that will provide added value and to ensure a long-lasting cooperation that is based on mutual trust and transparency.
Bank of Cyprus Greece also invests in technology. Alternative networks (ATMS, Phone Banking, Internet Banking, Mobile Banking) are complementary to the branch network and provide service beyond the banking hours, so as to respond directly to customers' requests and to simplify the procedures.
In 2000 the Bank of Cyprus shares were listed at the Athens Exchange.
The Group΄s subsidiaries in Greece are the following:
Final Audited Group Financial Results for the Year 2011 :
- Profit before provisions and impairment
of Greek Government Bonds (GGBs) € 805 mn
- Profit after tax excluding GGBs impairment € 312 mn
- (Loss)/ Profit after tax and GGBs impairment €(1.371) mn
- Deposits € 29,7 bn
- Loans € 28,9 bn
Final Audited Financial Results of the Bank of Cyprus Greece for the Year 2011 (analysis does not include the impairment of GGBs):
- Profit before provisions € 197 mn
- Profit/ (Loss) after tax € (26) mn
- Deposits € 7.699 mn
- Loans € 9.983 mn
* ( Establishmnet in Greece was approved by Bank of Greece - Credit and Banking Committee (Decision No 448/7/7.5.90 )