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29.01.2021RCB Bank extends RCB Telephone Banking operating hours
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31.12.2020RCB Bank decorates Eleftheria’s square
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24.12.2020RCB Bank Ltd holiday schedule
Cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 87.2296 | 92.0864 |
EUR CHF | 1.0695 | 1.1180 |
EUR USD | 1.1942 | 1.2342 |
EUR GBP | 0.8437 | 0.8678 |
Non-cash Transaction
Currency | Buy | Sell |
---|---|---|
EUR RUB | 89.8132 | 91.0370 |
EUR CHF | 1.0993 | 1.1116 |
EUR USD | 1.2188 | 1.2288 |
EUR GBP | 0.8617 | 0.8678 |
25.02.2021
News
S&P Global Ratings assigned “BB-” long-term credit rating to RCB Bank Ltd with stable outlook
15.03.2017
On March 15, 2017, S&P Global Ratings assigned its “BB-/B” long- and short-term counterparty credit ratings to RCB Bank Ltd. The outlook is stable.
S&P Global Ratings underlines that “RCB Bank's creditworthiness reflects the bank's position as the third-largest bank in Cyprus and its much better credit and earnings performance through the last credit cycle than its domestic peers”. The rating agency expects “the bank's loss absorption capacity to remain at its current strong levels and its nonperforming loans to be significantly lower than domestic peers”.
Dr. Kirill Zimarin, CEO of RCB Bank Ltd has welcomed the development noting that “the high rating assigned by the agency confirms the Bank’s position as the most stable in Cyprus, one of the most dynamic economies of the Eurozone”.
According to the agency RCB Bank Ltd has exhibited consistent profitability over the past 10 years, including during the 2008-2009 global banking crisis and the 2013 crisis in Cyprus.
The rating agency assigned a stable outlook on RCB Bank’s credit rating, reflecting their expectation that the bank’s business and financial profiles will remain stable over the next 12 months, supported by improved economic prospects in Cyprus and Russia.
Finally, S&Ps points out the experience of the bank’s management team and considers “RCB Bank’s corporate governance to be adequate and its internal anti-money laundering control system to be sound, with some areas that appear to be stricter than the regulatory framework”.
S&P Global Ratings underlines that “RCB Bank's creditworthiness reflects the bank's position as the third-largest bank in Cyprus and its much better credit and earnings performance through the last credit cycle than its domestic peers”. The rating agency expects “the bank's loss absorption capacity to remain at its current strong levels and its nonperforming loans to be significantly lower than domestic peers”.
Dr. Kirill Zimarin, CEO of RCB Bank Ltd has welcomed the development noting that “the high rating assigned by the agency confirms the Bank’s position as the most stable in Cyprus, one of the most dynamic economies of the Eurozone”.
According to the agency RCB Bank Ltd has exhibited consistent profitability over the past 10 years, including during the 2008-2009 global banking crisis and the 2013 crisis in Cyprus.
The rating agency assigned a stable outlook on RCB Bank’s credit rating, reflecting their expectation that the bank’s business and financial profiles will remain stable over the next 12 months, supported by improved economic prospects in Cyprus and Russia.
Finally, S&Ps points out the experience of the bank’s management team and considers “RCB Bank’s corporate governance to be adequate and its internal anti-money laundering control system to be sound, with some areas that appear to be stricter than the regulatory framework”.
Other news
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29.01.2021RCB Bank extends RCB Telephone Banking operating hours
-
31.12.2020RCB Bank decorates Eleftheria’s square
-
24.12.2020RCB Bank Ltd holiday schedule
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14.12.2020RCB Bank brings the Spirit of Christmas on Stasikratous street
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14.12.2020Seasons’ Greetings from the CEO of RCB Bank Dr. Kirill Zimarin
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11.12.2020Dr. Kirill Zimarin re-elected as President of the Association of International Banks in Cyprus
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11.12.2020Migration of RCB Bank cards transactions in internet to Strong Customer Authentication
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03.12.2020RCB Bank: Celebrating 25 years in a spirit of solidarity
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17.11.2020RCB Bank maintains its Moody’s Rating and Outlook
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16.11.2020RCB Bank & American Express expand on processing and servicing e-commerce activities
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13.11.2020Identity verification for e-Government Portal Ariadni via RCB Online Banking user profile
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27.10.2020RCB Bank Ltd holiday schedule
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19.10.2020Announcement
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02.10.2020Scheduled technical maintenance on October 7, 2020
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30.09.2020RCB Bank Ltd holiday schedule
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04.09.2020New interest rates for RCB Notice Accounts
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29.07.2020Back to normal charges for withdrawals from ATMs of other banks
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27.07.2020Mastercard Standard now available to RCB BANK’s Customers
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22.07.2020RCB Bank and Mastercard launch Cash@POS in Cyprus
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17.07.2020S&P Global Ratings publishes research rating report on RCB Bank Ltd