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Hellenic Bank
Information updated on 07.07.2009
Main information on the bank
Country of registration, main office, number of branches: The bank is domiciled in Cyprus, with 80 branches in Cyprus and 25 branches in Greece. The bank has representative offices in South Africa, Moscow, Saint Petersburg and Kiev.
Year of foundation: 1976
Credit rating: Moody’s: Long term: Baa2, Short term: P-2
Main shareholders: Public Company, 14% is owned by Archbishopric of Cyprus
Information on the opening of accounts, main features of accounts
Type of account: Current and deposit accounts (corporate and individual)
Documents required for the opening of accounts: Corporate accounts: certified copies of the incorporation documents, passport copies of the directors, signatories and beneficiaries. Bank references for directors and signatories. Certified signatures of directors and persons managing the account.
Individual accounts: bank references, passport copies and certified signatures of the persons managing the account. Proof of residential address.
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: No restrictions
Personal appearance of signatories required: Not required
Minimum balance required in the account: No minimum required
Methods of making payments : Internet banking, telefax, by fax bearing Test Codes (Use of Test Keys), by mail, personally at the bank
Internet banking: Available - free of charge. A Digipass device is mandatory as a means to additional security. Charge for Digipass: 20 EUR.
Credit / debit card types and possibilities: VISA and Mastercard (WorldSignia, Platinum, Gold, Classic, Electron and Prepaid P-card)
Deposit required in card accounts: Yes, to the amount of the allocated limit. Debit cards: deposit equal to the limit. Credit cards: deposit is double the amount of the limit.
Fee charged by the bank for the opening of accounts: Free of charge
Account maintenance fee: Corporate Customers: 40 USD per quarter
Individual Customers: 20 USD  per quarter
Basic charges imposed by the bank
Charge for incoming transfers: EUR: Within EU: up to 1000€ - free of charge; from 1001 to 50 000€ - min 2€, max 15€; over 50 001€ - flat 30€
Outside EU: up to 1000€ - flat 20€; from 1001 to 50 000€ - flat 20€; over 50 001€ - flat 30€
Charge for outgoing transfers: EUR: Within EU up to 50,000€ - SEPA: 0.15%, min. 5€ - max. 12€; SWIFT: 0.15%, min. 5€ - max. 12€; if the sender of SWIFT bears all charges: +0.07%, min €7 – max. 70€; If same day value: +10€
Outside EU or within EU over 50,000€: Creation charge - 17€. Handling fee – 0.1%, min 6€ - max. 250€, If the sender bears all charges: +0.07%, min. 7€ - max. 70€; If same day value: +10€
Charge for cash withdrawals: EUR – free of charge
Charge for cash deposits: EUR – free of charge
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 Hellenic Bank: 825 EUR
Fee for arrangement of bank cards: 200 EUR (up to 4 cards)
European offices

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