The Central Bank of Cyprus (CBC), in accordance with its policy for the designation of credit institutions that meet the definition of Other Systemically Important Institutions (O-SII institutions) and the methodology for the determination of the O-SII buffer requirement, concluded its annual reassessment of the designation of credit institutions that meet the definition of O-SII institutions for 2023. In accordance with the CBC's reassessment, five 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 that each credit institution must meet and the phase in period (where an additional O-SII buffer requirement applies).
| 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: | ||
| 2023** | 2024 |
2025 |
||||
| Bank of Cyprus Public Company Ltd | PQ0RAP85KK9Z75ONZW93 | 3.562 | 2,25% | 1,50% | 1,875% |
2,25% |
| Hellenic Bank Public Company Ltd | CXUHEGU3MADZ2CEV7C11 | 2.796 | 1,50% | 1,00% | 1,25% |
1,50% |
| Eurobank Cyprus Ltd | 5493004KSNEM4U7L8714 | 1.807 | 0,75% | 0,75% | 0,75% |
0,75% |
| Astrobank Ltd | 549300VB6UM9TUOCYW67 | 442 | 0,25% | 0,25% | 0,25% |
0,25% |
| Αlpha Bank Cyprus Ltd | 529900VS0F7BA91P4I60 | 522 | 0,25% | 0,25% | 0,25% |
0,25% |
* The total score of the Cyprus credit institutions sector is 10.000 basis points.
** It was set during the annual reassesment that was concluded on 2 December 2022.
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.