Originally Founded in 1899 the bank of cyprus opened its first branch in
the U.K in 1955.The main markets it operates in are Cyprus,Greece,U.K,Australia and Romania.
27-31 Charlotte Street,
Tel 020 7304 5800
The thing that is important to realise is that the Bank of Cyprus does not
have the same fscs cover as most banks operating in the U.K the details for the Bank of Cyprus are below.
"As a Cyprus registered bank, this
protection is partly provided by the Central Bank of Cyprus Deposit Protection Scheme, which complies with EU standards. This
Scheme covers 90% of any deposit, with a maximum compensation limit of €20,000. Protection for deposits in excess of
this amount is provided via the UK's Financial Services Compensation Scheme. This means that if the bank failed, UK
customers could claim from the Central Bank of Cyprus Deposit Protection Scheme 90% of their deposit up to a maximum of €20,000.
They could also claim for the remainder of their deposit up to £85,000 from the FSCS. This is because the Central Bank
of Cyprus Deposit Protection Scheme is only responsible for paying the first part of the compensation up to €20,000 and
the FSCS is only responsible for paying the second part of compensation - the difference between £85,000 and what the
Cyprus scheme would pay."
The Bank of Cyprus offers in the U.K both personal and corporate banking products and the fixed rate
bonds are regularly being offered with attractive rates of interest.
They can also offer Legal and General Life
Insurance, Home Contents and Buildings Insurance, Travel Insurance and Motor Insurance.