Banks in North Cyprus- Which One?

Checkers


Joined: 28/04/2010
Posts: 57

Message Posted:
16/09/2010 15:08

Hello all

I know there will be lots of different opinions on this, but.................which Banks are most popular with ex pats and which would you say pay the best % rate? I'm very new to this and will appreciate all your replies!

Thank you.

tonyf


Joined: 29/03/2009
Posts: 153

Message Posted:
16/09/2010 15:54

For service and good rate of interest on lira accounts creditwest gets my vote

princess21


Joined: 16/09/2010
Posts: 2

Message Posted:
16/09/2010 16:06

I can recommend HSBC. they have an excellent web based banking portall and the branch service in girne is quite goode. Ask for Aylin

phylray



Joined: 21/09/2007
Posts: 1727

Message Posted:
16/09/2010 16:20

I recommend Iktisalat. Good service, interest rates good on lira, and English Dept.

Very pleasant staff, who actually remember your name!

racoonchic



Joined: 17/11/2008
Posts: 3223

Message Posted:
16/09/2010 16:23

ish bank if your planning to rob one xx

nareik


Joined: 26/01/2009
Posts: 113

Message Posted:
16/09/2010 17:47

Whatever bank you decide on, keep well away from Akfinans Bank and KOOP Bank. Both are local banks which are in the process of evicting legitimate purchasers (both expat and TC) from their homes. Do not give them your business.

boban


Joined: 16/09/2010
Posts: 3

Message Posted:
16/09/2010 18:01

What about Denizbank? Anyone heard how Denizbank is in Northern Cyprus?

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
16/09/2010 18:06

What ever you decide - decide this - don't put all your eggs in one basket!



Spread your money around... you know it makes sense.



OK it's not so convenient as having just one banking relationship but it makes perfect sense in terms of security.

girne


Joined: 14/01/2009
Posts: 438

Message Posted:
17/09/2010 13:47

Deniz bank closed its doors a long time ago...

nilmoney


Joined: 29/12/2008
Posts: 122

Message Posted:
18/09/2010 12:17

Here Here nareik

ref msg 6



Spare a thought for those poor souls who are living under threat of eviction It could be you and you would not know it!!



Shame on these banks

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
20/09/2010 18:07

1) Creditwest

2)Iktisat

3) garanti



128490) Turk Bankasi- rubbish

cyprusman3



Joined: 09/06/2009
Posts: 297

Message Posted:
20/09/2010 18:30

i agree with message 11

zcacmxi


Joined: 30/11/2008
Posts: 388

Message Posted:
20/09/2010 18:41

Local Cypriot banks have not had a good history, many have failed over the past 20 years... So safety would be my biggest concern.



Most people consider the large brands (HSBC, IS, Garanti, ING) to be the safest. I would go along with that.



Turkish Bank & CreditWest I'd consider. Turkish have been around for over 100 years, so certainly not a fly by night.

CreditWest is relatively new, but is the only local bank that I know to have been independently assessed by a Rating Agency. So I would take a look at them too. http://www.creditwestbank.com/index.php?option=com_content&view=article&id=200%3Ajcr-eurasia-rating-evaluation&catid=48%3Abasn-bueltenleri&Itemid=221&lang=tr



The newer banks with no history, rating agency, etc, I'd probably avoid but you should make your own mind up.

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
20/09/2010 18:54

Message 13 you should know that just because a bank has been assessed by a credit rating agency (Standard & Poors, Moodys, Fitch etc) does not mean they are safe. You surely remember the Icelandic Banks and many others that failed or had to be rescued by goverments in 2007/08



The credit rating agencies got it badly wrong.