Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit Completed
Bank of Cyprus
Bank of Cyprus
The largest banking and financial Group in Cyprus, with significant market shares in all business sectors.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit CompletedGlob.Revenue, mln.USD
754
The Company Statement
January 23, 2024
Maintain loan book; observe banking sanctions. Bank of Cyprus notified 4,000 clients who have Russian passports and are not residents of EU countries that their accounts will be closed in accordance with the policy of accepting clients and the corresponding risk appetite. 22.01.2024: The legal entities (Moscow and Saint Petersburg Representative Offices) were liquidated.
| January 24, 2024 | The largest bank in Cyprus left Russia |
| January 22, 2024 | List of closed foreign banks rep offices published by Russian Central Bank |
| May 15, 2023 | Bank of Cyprus closes accounts for Russians |
| April 20, 2022 | Bank of Cyprus announced the closure of accounts of 4 thousand Russian clients |
| March 17, 2022 | BoC says it has ‘limited direct exposure’ to Russia |
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