Information on Bank of Cyprus?

russbiker
by russbiker 05 February 2010  |  Comments 2 comments  |  Love Love  0 loves

I want to open a fixed-rate ISA in BOC, but am wary as it's covered by the (generous) Cyprus Compenstaion Scheme, not the FSCS. Does anybody know anything about BOC, either good or bad?

Thanks.

Russell

Report

Enjoyed this? Show it some love

Twitter
General

Comments (2)

  • MikeGG1
    Love rating 804
    MikeGG1 posted

    Bank of Cyprus appears to be well founded but the problem as I see it is that Cyprus is linked to an extent to Greece and the Greek economy has problems.

    The compensation scheme is for €100,000 but would Cyprus be able to pay up?

    Mike 

    Posted on 05 February 2010 | Love Love  2 loves Report
  • russbiker
    Love rating 20
    russbiker posted

    Thanks Mike, same question went through my mind!

    Russell

    Posted on 05 February 2010 | Love Love  0 loves Report

Post an answer

Sign in or register to post an answer.

Something you're dying to ask... or answer?

Register with lovemoney.com to start asking and answering questions on Q&A.

Get started now

Sign in for a better Q&A

Registered already? Great! You can just sign in to ask and answer questions.

Sign in
W3C  Thank you for using Three Kings