-
31.12.2020RCB Bank decorates Eleftheria’s square
-
24.12.2020RCB Bank Ltd holiday schedule
-
14.12.2020RCB Bank brings the Spirit of Christmas on Stasikratous street
Cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 88.6792 | 93.5460 |
EUR CHF | 1.0588 | 1.1074 |
EUR USD | 1.1967 | 1.2367 |
EUR GBP | 0.8751 | 0.9010 |
Non-cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 90.7285 | 91.9447 |
EUR CHF | 1.0720 | 1.0841 |
EUR USD | 1.2112 | 1.2212 |
EUR GBP | 0.8871 | 0.8936 |
24.01.2021
News
RCB Bank maintains its Moody’s Rating and Outlook
17.11.2020
Moody’s Investors Service has published its updated credit analysis report on RCB Bank, highlighting its strong asset quality, low NPL and high capital adequacy ratios.
RCB Bank’s rating by Moody’s has remained unchanged at B1, with a stable outlook, which constitutes the highest rating among Cypriot banks. This stability in the Bank’s rating and outlook gains more importance given that Moody’s predicts a pandemic-induced fragile economic environment.
The said international rating agency views positively RCB Bank’s efforts for the expansion of its domestic and international business as part of its strategy that is already depicted in the constantly positive financial results these past years. It is also worth noting that the report applauds the fact that the Bank’s strategy also focuses on technological investment to develop innovative customer products.
RCB Bank’s CEO Dr. Kirill Zimarin underlined the importance of maintaining the rating by Moody’s and noted: “We are all called to operate in an unforeseen fragile economic environment that has impacted the economy not only of Cyprus but on a global scale. Within this context, the confirmation by Moody’s of RCB Bank’s stable financial position in terms of both capital and liquidity gains greater importance. It is this continuity in both profitability and ratings that enables us to look into the future with confidence and to be in a position to support our clients and through them the Cyprus economy at large. 25 years after our establishment in Cyprus, we will continue to implement our strategy for expansion and innovation and thus to enhance Cyprus’ position as a business center”.
RCB Bank’s rating by Moody’s has remained unchanged at B1, with a stable outlook, which constitutes the highest rating among Cypriot banks. This stability in the Bank’s rating and outlook gains more importance given that Moody’s predicts a pandemic-induced fragile economic environment.
The said international rating agency views positively RCB Bank’s efforts for the expansion of its domestic and international business as part of its strategy that is already depicted in the constantly positive financial results these past years. It is also worth noting that the report applauds the fact that the Bank’s strategy also focuses on technological investment to develop innovative customer products.
RCB Bank’s CEO Dr. Kirill Zimarin underlined the importance of maintaining the rating by Moody’s and noted: “We are all called to operate in an unforeseen fragile economic environment that has impacted the economy not only of Cyprus but on a global scale. Within this context, the confirmation by Moody’s of RCB Bank’s stable financial position in terms of both capital and liquidity gains greater importance. It is this continuity in both profitability and ratings that enables us to look into the future with confidence and to be in a position to support our clients and through them the Cyprus economy at large. 25 years after our establishment in Cyprus, we will continue to implement our strategy for expansion and innovation and thus to enhance Cyprus’ position as a business center”.
Other news
-
31.12.2020RCB Bank decorates Eleftheria’s square
-
24.12.2020RCB Bank Ltd holiday schedule
-
14.12.2020RCB Bank brings the Spirit of Christmas on Stasikratous street
-
14.12.2020Seasons’ Greetings from the CEO of RCB Bank Dr. Kirill Zimarin
-
11.12.2020Dr. Kirill Zimarin re-elected as President of the Association of International Banks in Cyprus
-
11.12.2020Migration of RCB Bank cards transactions in internet to Strong Customer Authentication
-
03.12.2020RCB Bank: Celebrating 25 years in a spirit of solidarity
-
17.11.2020RCB Bank maintains its Moody’s Rating and Outlook
-
16.11.2020RCB Bank & American Express expand on processing and servicing e-commerce activities
-
13.11.2020Identity verification for e-Government Portal Ariadni via RCB Online Banking user profile
-
27.10.2020RCB Bank Ltd holiday schedule
-
19.10.2020Announcement
-
02.10.2020Scheduled technical maintenance on October 7, 2020
-
30.09.2020RCB Bank Ltd holiday schedule
-
04.09.2020New interest rates for RCB Notice Accounts
-
29.07.2020Back to normal charges for withdrawals from ATMs of other banks
-
27.07.2020Mastercard Standard now available to RCB BANK’s Customers
-
22.07.2020RCB Bank and Mastercard launch Cash@POS in Cyprus
-
17.07.2020S&P Global Ratings publishes research rating report on RCB Bank Ltd
-
15.07.2020Another 7.5MW added to the island’s renewable energy capacity with RCB’s financing