USB Bank is a bank with a vision, built on solid foundations, followed by a long history and ambitious strategies. Major milestones: A The Bank traces its origins to the Yialousa Savings Bank (YSB), which was established in the town of Yialousa in 1925. A In 1996 Universal Life acquired 30% of YSB changing the name to Universal Savings Bank Ltd. A The 3year period 2006-2009 was marked by significant new developments concerning the ownership structure of the Bank. A Responding to the continuous challenges in the financial sector and in order to stay within the framework of its strategic plan for innovative and efficient redevelopment and growth, a new dynamic corporate identity was created in February 2009, under the name USB BANK PLC. A In September 2010 BLC Bank SAL acquired 9,9% of the share capital of USB Bank PLC while in June of 2011, increased this figure to 94,14% after the completion of the public offer for the acquisition of up to 100% of the BankAos shares. A A new era begins with a new solid partnership. The new ownership structure gives impetus to USB Bank which focuses on growing its business locally and internationally, capitalizing on the opportunities rising from the wide network of the Group and leveraging on their know-how and expertise, while benefiting from the continuous support of BLC Bank SAL.