Banking

Opening a Bank Account

In order to open a bank account in Cyprus, the following documents may be required:

• Copy of identity card or passport or other official document issued by the relevant Cypriot authorities
• Proof of residence (this may be a recent utility bill of at least 6 months or a rental contract) or other official document issued by the relevant Cypriot authorities.
• "Alien Registration Card "- ARC or other equivalent document, valid for third country nationals (outside the EU).
• Refugee travel document issued by the Civil Registry and Migration Department
• Α valid identity card or passport (or copies thereof) or any other document issued by your country of origin, that may be useful for your identification.

For more information on opening a bank account or other banking issues, you can visit the website of the Central Bank of Cyprus, and you may then contact or visit branches of the Banks of your choice to acquire information opening accounts, receiving loans, etc.

A list of investment and ancillary services offered by each bank is available here.

Local Banks

The following Banks are operating in Cyprus:  

1. Ancoria Bank Limited  
2. Astrobank Public Company Limited 
3. Bank of Cyprus Public Company Ltd 
4. Cyprus Development Bank Public Company Limited   
5. Hellenic Bank Public Company Limited  
6. Housing Finance Corporation 

Foreign Banks operating in Cyprus

The following Foreign Authorised Credit Institutions and Branches of Foreign Credit Institutions from EU Member States also operate in Cyprus, under The "European Passport"

 A. SUBSIDIARIES OF FOREIGN CREDIT INSTITUTIONS 

    I.  SUBSIDIARIES OF FOREIGN CREDIT INSTITUTIONS FROM E.U. MEMBER STATES 

1. Αlpha Bank Cyprus Ltd 
2. Eurobank Cyprus Ltd 
3. National Bank of Greece (Cyprus) Ltd 

   II.  SUBSIDIARIES OF FOREIGN CREDIT INSTITUTIONS FROM NON E.U. MEMBER STATES 

4. Societe Generale Bank-Cyprus Limited 

B. BRANCHES OF FOREIGN CREDIT INSTITUTIONS 

    I. BRANCHES OF FOREIGN CREDIT INSTITUTIONS FROM E.U. MEMBER STATES 

1. Banque SBA 
2. Central Cooperative Bank PLC 
3. EFG Bank (Luxembourg) S.A. 
4. First Investment Bank Ltd  
5. National Bank of Greece S.A. 

II. BRANCHES OF FOREIGN CREDIT INSTITUTIONS FROM NON E.U. MEMBER STATES 

9. Arab Jordan Investment Bank SA 
10. Bank of Beirut SAL 
11. BankMed s.a.l.  
12. Banque BEMO SAL  
13. BBAC SAL  
14. BLOM Bank SAL  
15. Byblos Bank SAL  
16. Credit Libanais SAL  
17. IBL Bank sal   
18. Joint Stock Company Commercial Bank "Privatbank"* 
19. Jordan Ahli Bank plc 
20. Jordan Kuwait Bank PLC  
21. LGB Bank S.A.L.