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Bank of Cyprus new offices in Aglandjia. The Nicosia Savings Bank or Nicosia Depository (Ταμιευτήριο η Λευκωσία) was founded on 1 January 1899 by a group of Cypriots led by Ioannis Economides, a figure in financial and social circles. The bank was the first Cypriot bank, with all the other banks in Cyprus being foreign-owned.
The 2012–2013 Cypriot financial crisis was an economic crisis in the Republic of Cyprus that involved the exposure of Cypriot banks to overleveraged local property companies, the Greek government-debt crisis, the downgrading of the Cypriot government's bond credit rating to junk status by international credit rating agencies, the consequential inability to refund its state expenses from the ...
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Turkey. Banking Regulation and Supervision Agency of Turkey (BRSA) ; Capital Markets Board (SPK) ; Insurance and Private Pension Regulation and Supervision Agency (IPRSA) Turks and Caicos. Turks and Caicos Islands Financial Services Commission (TCIFSC) Uganda. Bank of Uganda ; Capital Markets Authority (CMA) ; Insurance Regulatory Authority of ...
All banks, including branches of foreign banks, private banks and International Banking Units are governed by the established Central Bank of Turkish Republic of Northern Cyprus. This organization audits and controls all these banks under international banking laws.
This week, we saw the Cypriot banking system collapse and be bailed out by the E.U., with the unprecedented move that retail bankers be required to pay a percentage of their bank accounts in order ...
Emporiki Bank (absorbed into Alpha Bank) Ergasias Bank (absorbed into EFG Eurobank) FBB - First Business Bank (split into "good" and "bad" bank, good bank assets taken over by National Bank of Greece, all former FBB branches closed) General Bank of Greece (bought by Piraeus Bank) Grindlays Bank (absorbed into Piraeus Bank)