The Central Bank of Cyprus, in accordance with its policy for the designation of Other Systemically Important Institutions (O-SII institutions) and the methodology for the determination of the O-SII buffer requirement, concluded on 2 December 2022 its annual reassessment of the designation of credit institutions that meet the definition of O-SII institutions. In accordance with the CBC's reassessment, six credit institutions have been designated as O-SII institutions, which are listed in the Table below along with the corresponding O-SII capital buffer rate each must meet.
| Institution’s name | LEI code | Total O-SII score (Basis points) |
Total O-SII capital buffer requirement | O-SII buffer requirement applicable as of 1 January: | |
| 2022 | 2023 | ||||
| Bank of Cyprus Public Company Ltd | PQ0RAP85KK9Z75ONZW93 | 3.308 | 1,50% | 1,250% | 1,50% |
| Hellenic Bank Public Company Ltd | CXUHEGU3MADZ2CEV7C11 | 2.306 | 1,00% | 0,875% | 1,00% |
| Eurobank Cyprus Ltd | 5493004KSNEM4U7L8714 | 1.662 | 0,75% | 0,625% | 0,75% |
| Astrobank Ltd | 549300VB6UM9TUOCYW67 | 510 | 0,25% | 0,250% | 0,25% |
| Αlpha Bank Cyprus Ltd | 529900VS0F7BA91P4I60 | 493 | 0,25% | 0,250% | 0,25% |
| RCB Bank Ltd* | 253400EBCBBVB9TUHN50 | 930 | 0,50% | 0,375% | 0,50% |
* Following the relevant decision by the European Central Bank (“ECB”) that was published on 22 December 2022, the banking licence of RCB Bank Ltd has been revoked. Consequently, RCB Bank Ltd is not considered an O-SII institution after this date.
Information relating to the designation of credit institutions which meet the definition of O-SII institutions that took place in previous years, is set out in this file.