As a member of the Commonwealth, Cyprus and its citizens have and continue to enjoy close ties with the United Kingdom. In order to serve the Cypriot community residing or conducting business in the UK, the Bank established a presence in London in 1955. As the needs of this customer base evolved, the Bank specialised in the provision of real estate financing and banking services to small businesses and property entrepreneurs, particularly in the London buy-to-let market. On 25 June 2012, the banking business carried out by the UK operations of the Bank was transferred to Bank of Cyprus UK Ltd , a wholly-owned subsidiary of the Bank.
Alongside focusing on the BOC Group’s UK operation’s core strength in property (and specifically the professional buy-to-let market), the BOC Group also has a clear diversification and expansion strategy, including adding a consumer division (mortgages, savings and current accounts) and a business division (trade-related products for professionals, SMEs and Cypriot residents).
Bank of Cyprus UK site