Overview

• The history of the bank began in the late 19th century when a small group of businessmen and financiers established Nicosia Savings Bank. The first office of the bank started its operation in 1899 in the capital of Cyprus – Nicosia. Until then the country had not had a modern financial institution. Upon foundation of Nicosia Savings Bank new possibilities were opened for trading as well as community in general. In 1912 the company became Bank of Cyprus.
  Today the Bank of Cyprus Group is the leading banking and financial institution of Cyprus.
  The Group currently operates through a total of 130 branches/business offices, of which 125 operate in Cyprus, four in the United Kingdom, (Euro 1.23 Billion in loans), one in Romania (Euro 221 million net exposure).

Services Offered

• Account Types: Personal and Business Accounts
• Currencies Supported: EUR, USD, GBP, and others
• Banking Services:
  • Current and Savings Accounts
  • Fixed Deposits and Notice Accounts
  • Debit and Credit Cards (Visa and Mastercard)
  • Online and Mobile Banking via 1bank and BoC Mobile App
  • Loans: Personal, Housing, and Business Loans
  • Investment Services: Equities, Bonds, ETFs, FX, Commodities, Structured Products
  • Insurance Services through Eurolife and General Insurance of Cyprus
  • Merchant Services and Payment Solutions
  • Private and Affluent Banking Services.

Required Documentation for Bank Account Opening

• For Business Accounts:
  • Certified copies of corporate documents (Certificate of Incorporation, Memorandum & Articles of Association)
  • Proof of Registered Address
  • Identification documents for all directors, shareholders, and authorized signatories
  • Tax Identification Numbers for the company and associated individuals
  • Completed Account Opening Application Form

  For Personal Accounts:

  • Valid Passport or Government-issued Photo ID
  • Proof of Residential Address (e.g., utility bill or bank statement dated within the last 6 months)
  • Tax Identification Number (TIN) or equivalent
  • Completed Account Opening Application Form
  • Selfie for identity verification (if applying online)

Bank Account Opening Process

• Online Account Opening:
  • Download the BoC Mobile App
  • Register and authenticate personal details by scanning ID/passport and taking a live selfie
  • Accept Terms & Conditions and create a passcode
  • Enter financial details
  • Receive your new debit card and access to online banking
    
• In-Person Account Opening:
  • Visit a Bank of Cyprus branch or International Business Unit (IBU)
  • Submit the required documentation
  • Complete the account opening application process with a bank representative

Bank of Cyprus Account Opening Summary