Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligation.
All credit institutions operating in Cyprus are obliged to participate in Cypriot deposit guarantee scheme.
In the case of Jordan Kuwait Bank plc – Cyprus branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
Maximum Protected Amount: 100,000 EUR
Paid in Currency: EUR
For additional information visit Deposit Guarantee Scheme in Cyprus
- FATCA and CRS
- CRS FAQ's
- General Data Protection Regulation (GDPR) FAQ's
- Data Privacy Statement
- Guide on the Central Bank of Cyprus' Code of Conduct on the Handling of Borrowers in Financial Difficulties
- JKB Cyprus T&C’s
- Alternative Dispute Resolution for Consumer Disputes Law of 2017 (L.85(I)/2017)
“Jordan Kuwait Bank- Cyprus Branch (the “Bank”) hereby informs its clients with whom it maintains credit facilities falling under the scope of the Law on the Liberalisation of Interest Rate and Related Matters (amending) Law of 2014, that the Bank does not and shall not seek to apply or exercise any right to unilaterally increase the margin, i.e. the additional rate added to the base interest rate expressed as a percentage as stated in the credit facility agreement, on any credit facility (if any) the terms of which expressly grant to the Bank such right of unilateral increase of the margin.
This communication is made solely for information purposes in connection with its subject matter and does not extend to any other matter not expressly mentioned herein. This communication is made notwithstanding any and all rights of the Bank to the fullest extent permitted by the applicable law and the terms of your agreement(s) with the Bank”.