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O-SII capital buffer for Other Systemically Important Institutions - Credit institutions


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 11 October 2019 its annual reassessment of the designation of credit institutions that meet the definition of O-SII institutions.  In accordance with the CBC's reassessment, the following six credit institutions have been designated as O-SII institutions and must meet their corresponding O-SII capital buffer requirement over the phasing-in period as per the table below:

Credit institution’s name

Total O-SII score
(Basis points)

Total O-SII capital buffer requirement

O-SII buffer requirement applicable as of 1 January:

2019*

2020

2021

2022

Bank of Cyprus Public Company Ltd

           3.263

2,00%

0,500%

1,000%

1,500%

2,000%

Hellenic Bank Public Company Ltd

           2.098

1,50%

0,375%

0,750%

1,125%

1,500%

RCB Bank Ltd

           1.649

1,00%

0,375%

0,500%

0,750%

1,000%

Eurobank Cyprus Ltd

           1.272

1,00%

0,250%

0,500%

0,750%

1,000%

Αlpha Bank Cyprus Ltd

             393

0,50%

0,125%

0,250%

0,375%

0,500%

Astrobank Ltd

             387

0,50%

-

0,250%

0,375%

0,500%

* It was set during the annual reassessment that was concluded on 25 October 2018.

 

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.