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Thank you to all our customers - Competition winners announced - 13 December 2011

Bank of Cyprus UK recently contacted all customers with an up-to-date details form, helping us to ensure the information we hold about them is complete and correct.

In return, customers who provided us with their updated details either by returning the form or by telephone were entered into a draw for the chance to win one of three highly desirable prizes.

Winners were selected at random and are as follows:

First Prize
Weekend break for two in New York – Mr Malcolm Smith

Second Prize
Overnight theatre break for two – Mr Sebastian Litty

Third Prize
iPad 2 – Ms Katherine Wright

Congratulations to each of our winners and thank you to all who entered by returning their updated details forms.

Competition terms & conditions

Bank of Cyprus UK announces intention to incorporate - 23 November 2011

Bank of Cyprus UK announces its intention to incorporate by transferring its business from a branch to a UK company.

Bank of Cyprus UK has operated in the UK since 1955 and specialises in supporting owner-managed businesses, while offering consistently competitive rates to savers.

Currently Bank of Cyprus UK trades as a branch of Bank of Cyprus Public Company Limited, a Cypriot company and the largest financial services provider in Cyprus.

Following incorporation, Bank of Cyprus UK will be a separately capitalised UK subsidiary company of Bank of Cyprus Public Company Limited and is seeking authorisation as a UK bank from the UK Financial Services Authority. Subject to the FSA authorisation and High Court approval of the transfer of business from the branch to the subsidiary, Bank of Cyprus UK will come under direct supervision by the FSA. In that case, depositor protection would shift from the Cypriot depositor protection scheme to the UK Financial Services Compensation Scheme. Until then deposits will continue to be protected by the Cypriot depositor protection scheme up to a limit per customer of €100,000 (approximately the same as the UK scheme’s protection limit of £85,000).

In a challenging and uncertain international financial climate, Bank of Cyprus UK believes that incorporation of its UK business best serves the interests of its borrowing and saving customers, its staff and other stakeholders.

Incorporation of Bank of Cyprus UK’s business is planned to take place as soon as possible after completing the necessary formalities to obtain supervisory and court consent.

European leaders agree measures to tackle eurozone crisis - 27 October 2011

Following the above announcement, Bank of Cyprus confirms it is in a position to cover the required additional capital buffer.

For more information please click here

Bank of Cyprus passes EU stress test - 21 July 2011

Bank of Cyprus is pleased to announce that it has successfully passed the 2011 EU-wide stress test conducted by the European Banking Authority (EBA).

For more information please click here

Loyalty Rates reintroduced - 11 July 2011

Bank of Cyprus UK has reintroduced its highly successful Loyalty Rates for existing customers to reward their ongoing loyalty.

Unlike many financial institutions who use special promotions or bonus rates to attract new customers, often paying them a higher rate of interest then existing customers, at Bank of Cyprus UK we believe it should be existing customers who should be rewarded by:

  • Exclusive Loyalty rates - ensuring our existing customers get our best rates

  • Reinvest at our best rate - when fixed deposit Bonds and Cash ISAs mature the proceeds are automatically reinvested in a similar product paying a highly competitive interest rate (unlike many other providers)

  • Fair deal on ISAs - we currently pay the same attractive interest rates on Cash ISA and Bond deposits allowing customers to maximise the tax efficiency of their savings (many providers pay a lower interest rate on ISAs which can significantly erode the tax benefits of these products)

  • Fair deal on ISA transfers - we pay customers the same attractive interest rate on Cash ISA transfers as we do for new ISA subscriptions to help them consolidate their savings (many providers pay a lower rate of interest on Cash ISA transfers).

Loyalty Rates are available on our range of Fixed Rate Bonds and Fixed Rate Cash ISAs. You can get more information on our Loyalty Rates as follows:

  • Visit our dedicated Loyalty pages:

    Fixed Rate Bonds

    Fixed Rate Cash ISA

    Please note, Loyalty Rates are higher than the rates advertised on our website for new customers so please ensure you go to the Loyalty Rate section to see the correct rates.

  • Call Customer Service on 0845 850 5555. Lines are open from 9am to 5pm Monday to Friday and from 9.30am to 12.30pm on Saturday. Calls may be recorded for monitoring and training.
Bank of Cyprus UK awarded ISO 27001 certification - 13 June 2011

Bank of Cyprus UK has been awarded certification to the international standard for information security, ISO 27001. Certification means that Bank of Cyprus UK:

  • Demonstrates its commitment to keeping customer data safe
  • Has met the demands of the International Organisation for Standardisation and in doing so means that it will continually be recognised as a global leader in security and resilience
  • Can demonstrate its active compliance with the requirements of its regulators

This latest achievement is just one of a number of initiatives that Bank of Cyprus UK has implemented to ensure our customers can be confident when banking online. Other initiatives include:

  • Providing customers with the award-winning Trusteer Rapport security software FREE of charge. Ensuring our Online Banking is safe  
  • Digipass - To make secure payments via Online Banking
  • A FREE Text Message Service which provide a range of standard and customisable alerts

Our certification was supported and confirmed by the British Standards Institution (BSI). BSI provides assessment and certification to a number of management system standards in over 150 countries worldwide.

For more information on British Standards Institution visit www.bsi-global.com

Important security information - 05 May 2011

Making banking safe for our customers is one of our key priorities.
 
Please note that whilst we may send you an email or text message from time to time, we will never ask for your security information, password or Online Banking log on details, or direct you to a web page that asks for this information.
 
If you receive any suspicious emails or text messages claiming to be from Bank of Cyprus UK, delete them immediately; do not open or reply to them.
 
To help protect you against identity fraud, Bank of Cyprus UK is now offering the award-winning Trusteer Rapport security software free of charge. Find out more.

If you have any concerns or questions, please call our Customer Service team on 0845 850 5555 (Monday to Friday 9.00 am to 5.00 pm or 9.30 am to 12.30 pm on Saturday). If calling from outside the UK contact us on +44 (0)20 8267 7343.

Bank of Cyprus UK - Thisismoney.co.uk review - 09 April 2011

‘This is Money’ reviews Bank of Cyprus UK and they are pleased to say we made the grade.

Read more

Bank of Cyprus UK nominated for the Moneyfacts Awards 2011 - 08 April 2011

Moneyfacts have revealed that Bank of Cyprus UK has been nominated for the Moneyfacts Awards 2011 in the personal Best Notice Account Provider category.

Finalists are selected on the recognition that they have devised products or offer services which put them ahead of the rest of the market based on feedback from brokers and intermediaries.

The winners of the 2011 Moneyfacts Awards will be announced on Friday 10 June.

Find out more about our 35 Day Notice Account.

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