Cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 88.7416 | 93.5332 |
EUR CHF | 1.0703 | 1.1182 |
EUR USD | 1.1779 | 1.2179 |
EUR GBP | 0.8433 | 0.8677 |
Non-cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 90.4998 | 91.7007 |
EUR CHF | 1.0951 | 1.1071 |
EUR USD | 1.1959 | 1.2059 |
EUR GBP | 0.8642 | 0.8705 |
News
RCB Bank Ltd has published the financial results for 2017
04.06.2018
In 2017, the net profit after tax demonstrated 19% growth in comparison to 2016 and amounted to 97.2 million Euros. RCB Bank has been consistently profitable for the last five years. The main driver behind the growth in profits was the increase of non-interest income from 23.4 million Euros in 2016 to 35.6 million Euros in 2017, the extension of the domestic market operations in Cyprus together with the improvement in the overall operational efficiency.
RCB continued its successful expansion in the local market as the key pillar of its strategy. Two new branches were successfully launched in Pafos and Larnaca during 2017. A 41% increase was demonstrated in its local client base and a remarkable growth in the volume of deposits and lending that the Bank disbursed to Cypriot businesses. The cooperation of RCB with both the European Investment Bank (EIB) and the European Investment Fund (EIF) on financing new investments and innovations of Cypriot small medium enterprises (SMEs), contributed to the growth of lending volumes.
RCB demonstrated high level of capital adequacy: the Common Equity Tier 1 ratio reached 20.1% and the Capital Adequacy Ratio was 21.2%. The operational efficiency together with the conservative and effective management of the credit risks allowed to build up a solid capital base and the necessary reserves while remaining profitable. The Bank has all the necessary financial reserves and capital to facilitate its further business development in Cyprus. In 2018, the Bank shall strengthen and extend its domestic business operations with Cypriot individual and corporate clients being the Bank’s key growth driver for the past three years.
Given the changes in the external environment, the whole Cypriot banking system has faced new challenges related to the increased risks of cross-border international financial operations. To mitigate these risks the Bank has been consistently enhancing its anti-money laundering and compliance procedures as well as strengthening its client on-boarding and monitoring policies. This process is to continue in 2018 and might lead to a significant reduction in operations with international clients of the Bank.
RCB Bank’s financial standing together with its focused client approach and competitive product offering, elevate the Bank as a leading financial partner for individual clients and businesses in Cyprus.
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02.10.2020Scheduled technical maintenance on October 7, 2020
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17.07.2020S&P Global Ratings publishes research rating report on RCB Bank Ltd
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29.05.2020RCB Online Banking and RCB Mobile Banking scheduled technical maintenance on May 30, 2020
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08.05.2020RCB Bank Ltd has published the financial results for 2019
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06.05.2020New commissions and charges for corporate and individual clients
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06.12.2019RCB Bank’s innovative payment solutions awarded by Mastercard
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29.11.2019Moody’s update on RCB Bank: High capital adequacy, low NPL’s ratio
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15.11.2019RCB Online Banking and RCB Mobile Banking scheduled technical maintenance on November 16, 2019
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11.11.2019RCB Online Banking and RCB Mobile Banking scheduled technical maintenance on November 12, 2019
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15.10.2019Scheduled technical maintenance on October 16, 2019
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14.10.2019RCB Bank and Mastercard launch innovative tokenization solution
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25.09.2019RCB Online Banking and RCB Mobile Banking scheduled technical maintenance on September 26, 2019
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17.09.2019RCB Digital Key - a new convenient way to confirm transactions in RCB Online Banking and RCB Mobile Banking
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13.09.2019Launch of two-factor authentication for RCB Online Banking and RCB Mobile Banking
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28.08.2019S&P Global Ratings publishes research rating report on RCB Bank Ltd
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26.07.2019Moody’s confirms RCB Bank’s ratings in periodic review: Strong asset quality, capital adequacy
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14.06.2019RCB Bank Ltd has published the financial results for 2018
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13.12.2018Moody’s update on RCB Bank: High capital adequacy, low NPL’s ratio
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13.12.2018Dr. Kirill Zimarin re-elected as President of the Association of International Banks in Cyprus
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26.11.2018RCB Bank Board of Directors decides on new five – year strategy