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Bank of Cyprus
Information updated on 07.07.2009
| Main information on the bank | |
|---|---|
| Country of registration, main office, number of branches: | The main branch is registered in Nicosia, Cyprus; with 600 branches worldwide: Greece, United Kingdom, Australia, Russia, Romania, Ukraine, Channel Islands. There are representative offices in Moscow, St.Petersburg, Johannesburg, Toronto, Kiev. |
| Year of foundation: | 1899 |
| Credit rating: | A2 (Moody's), A- (Fitch) |
| Main shareholders: | Large number of small shareholders with no shareholder owning more than 0.5% |
| SWIFT code: | BCYPCY2N010 |
| Information on the opening of accounts, main features of accounts | |
| Type of account: | Current account (corporate and individual) |
| Documents required for the opening of accounts: | Corporate accounts: copies of company documents certified by notary public, passport copies of directors, beneficiaries and persons managing the account certified by notary public, certified signatures and bank reference letters for directors and persons managing the account. Individual accounts: Passport copies and specimen signatures certified by notary public, utility bills, bank reference letters. |
| Time required for the opening of accounts: | One week, provided all the information and documents requested are available. The account will be activated immediately upon receipt of the first incoming payment. |
| Restrictions on the opening of accounts: | In cases where the Articles of the company allow the issuance of bearer shares, the original share certificates of the company have to be presented to the bank. |
| Personal appearance of signatories required: | Not required, however the bank would welcome a personal meeting with the client at some stage following the opening of the account. |
| Minimum balance required in the account: | No minimum required |
| Methods of making payments : | Personally, by post, by fax and through internet with digipass device. |
| Internet banking: | Available |
| Credit / debit card types and possibilities: | American Express (Sunmiles blue,silver,gold,platinum,black and pocket money card for children) Visa & Mastercard, Internet card. |
| Deposit required in card accounts: | Electron: no deposit required, Classic: 2.500 USD, Gold: 5.000 USD, Platinum: 10.000 USD, Black American Express: 75.000 USD |
| Fee charged by the bank for the opening of accounts: | Free of charge |
| Account maintenance fee: | 100 EUR per year |
| Basic charges imposed by the bank | |
| Charge for incoming transfers: | 0.1% Min 8.54 EUR Max 25.63 EUR |
| Charge for outgoing transfers: | 0.1% Min 8.54 EUR Max 500 EUR |
| Charge for cash withdrawals: | In EUR: Free of charge In other currencies: 0.05% |
| Charge for cash deposits: | In EUR: Free of charge In other currencies: 0.05% |
| The conditions imposed by the banks regarding the opening of accounts may change from time to time. Therefore, we recommend consultation with the staff of LAVECO LTD., who will be able to provide up-to-date information, before making a final decision on the choice of bank | |
| Fee charged by LAVECO LTD. for the opening of accounts in Bank of Cyprus: 825 EUR Fee for arrangement of bank cards: 200 EUR (up to 4 cards) |
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