Cyprus Banks Guide

Laiki Bank

Marfin Laiki Bank Cyprus LogoMarfin Laiki Bank was founded in 1901. It is one of the largest banks in Cyprus with market share is about of 40% of all banking services in Cyprus. As a result of various mergers and acquisitions at different times the name of the bank was changed. Thus, in 1967-2000 official name of the bank was Cyprus Popular Bank, in 2000-2007 the name was Laiki Bank, and since 2007 the official name is Marfin Popular Bank Public Co Ltd. 

Laiki Bank, 3.7 out of 5 based on 24 ratings

The Laiki Bank is a public company and its shares are traded on major stock exchanges. 23% of shares belong to the world’s largest banking group, Hongkong and Shanghai Banking Corp Ltd. In general, the shares owned by individuals, bank employees, senior management.

The Bank has over 150 branches in Cyprus, offices and bank branches in Greece, UK, Australia, Serbia, Romania, Estonia, Ukraine and Russia.

The main advantages of Laiki Bank Cyprus:

– high-quality customer service;
– wide range of services offered;
– European level of service;
– constant upgrading and development of existing technologies

The main services of the bank:

– billing services;
– deposits;
– payment cards;
– documentary transactions;
– lending;
– escrow accounts
– treasury services and margin accounts
– insurance
– factoring

Marfin Laiki Bank Cyprus Working Hours:

October – April:
Monday-Friday 08:30 – 13:00
Monday 15:15 – 16:45

May – August:
Monday-Friday 08:15 – 13:00

Monday-Friday 08:15 – 13:00
Monday 15:15 – 16:45

Laiki Bank Contacts:

HQ Address: 154, Limassol Avenue, 2025 Nicosia, Cyprus

Telebank: 8000 2000 (free calls)

Calls from abroad: +357-22887766 (standard/normal charges)

Email: [email protected]

Our Telebank Representatives are available from 07:45-21:15, Monday to Friday.

Cyprus 2012-2013 financial crisis led to financial difficulties in Laiki Bank. The government recapitalized the bank June 30, 2012, resulting in the government acquired 84% of the equity of the bank. This has increased the bank’s capital ratio to 9%, the level of acceptable by the European Banking Authority. 

March 26, 2013 Laiki Bank sold its Greek branches to Piraeus Bank. Laiki was to be divided into good and bad bank, good bank was merged with the Bank of Cyprus and the bad bank was closed.

Laiki Bank, 3.7 out of 5 based on 24 ratings
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