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) and the methodology for the determination of the O-SII buffer requirement, concluded on 4 March 2024 its annual reassessment of the designation of credit institutions that meet the definition of O-SII institutions for 2024. 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: | ||
| 2024** | 2025 |
2026 |
||||
| Bank of Cyprus Public Company Ltd | PQ0RAP85KK9Z75ONZW93 | 3.774 | 2,00% | 1,875% | 1,9375% |
2,00% |
| Hellenic Bank Public Company Ltd | CXUHEGU3MADZ2CEV7C11 | 2.787 | 1,75% | 1,25% | 1,50% |
1,75% |
| Eurobank Cyprus Ltd | 5493004KSNEM4U7L8714 | 1.617 | 1,00% | 0,75% | 0,875% |
1,00% |
|
Αlpha Bank Cyprus Ltd |
529900VS0F7BA91P4I60 |
556 | 0,25% | 0,25% | 0,25% |
0,25% |
| Astrobank Ltd | 549300VB6UM9TUOCYW67 | 411 | 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 in 2023.
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.