Top Largest Banks in Cyprus

The top largest banks in Cyprus are Bank of Cyprus, Marfin Popular Bank, Alpha Bank Cyprus, among others.

Bank of Cyprus Public Company Ltd was established in 1899 and is the holding company of the Bank of Cyprus Group, which offers a broad range of financial products and services including banking services, leasing, factoring, brokerage, investment banking, fund management, general and life insurance services. The Bank is licensed by the Central Bank of Cyprus and operates under its regulation and supervision. The shares of the Bank are listed on the Cyprus Stock Exchange (CSE) and the Athens Exchange. The Bank is the largest listed company on the CSE in terms of market capitalization and it has a well-diversified shareholder base.

Marfin Popular Bank (formerly known as Cyprus Popular Bank) is the second largest banking group in Cyprus. The bank offers services to private individuals, corporate and commercial banking, Private Banking, Treasury, Electronic Banking, Factoring, International Banking Services, Financing and Leasing, Shipping Services, Insurance Services, Stock broking and Capital Management. Marfin Laiki Bank has won a number of awards such as: Money Markets International Custody Award (2008); Euromoney’s Award “Best Private Bank in Cyprus” for 2006, 2007 and 2008; Money Markets Magazine’s Award “Best in Class Custody; Best Sub Custodian Bank in Cyprus for 2009; etc.

Alpha Bank Cyprus Ltd has received Quality Recognition Awards by International Financial Institutions such as Standard and Poors, JP Morgan, for its excellent service in Cyprus in processing international payments. The bank is consistently ranked very high in terms of financial strength, as well as local and international deposits, according to the ratings of the world’s foremost providers of independent credit ratings (i.e. Moody’s, Standard & Poor’s). In 2004 Alpha Bank A.E. was included in FTSE Eurotop 300 index, which contains the 300 biggest European listed blue chip companies.

* Next: Stockbrokers in Cyprus

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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