Piraeus Bank (Cyprus) Ltd - Intax Info

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Advantages of banking in Cyprus International Recognition» Privately owned banks» Highly rated by the world’s leading rating agencies International Standards» Legal, accounting and banking systems based mainly on English practices» Adhering to International Financial Reporting Standards (IFRS) since 1982» Banking laws that protect investor confidentiality Experienced employees» Highly qualified managerial, clerical and technical staff Worldwide network» Wide network of correspondent accounts» Ability to open accounts in all major currencies» Excellent relations with European countries, Russia, Ukraine, countries of the Middle East andthe Gulf, India. Highly Regulated Banks» EU derived legislation on financial matters» Central Bank of Cyprus works closely with European Central Bank and regulates accordingly» Robust internal procedures» Strict Anti Money Laundering Standards10
Bank Secrecy Law Strict legal confidentiality restriction protecting bank customer» It is prohibited by law to disclose any information concerning the account ofspecific customer of the bank, except in cases of criminal offense. Banking Law 66(1) of 1997: 5.29(I):» It is prohibited for any Director, the Chief Executive Officer, Manager, Officer,employee or bank representative and to any other person who has by any meansaccess to the Bank’s archives to give, reveal or use for his own benefit anyinformation concerning the account of a specific customer of the Bank during thecourse of his employment or his professional relationship with the Bank, dependingon the case, or after the termination thereof
Page 1 and 2: Piraeus Bank (Cyprus) LtdCyprus Ban
Page 3 and 4: Cyprus Macroeconomic Data2009 2008
Page 5 and 6: Financial Services: The biggest ind
Page 7 and 8: Foreign Direct Investments Out of C
Page 9: Cyprus Banks outlook No Sub-prime A
Page 15: Piraeus Bank Group: Corporate Profi
Page 18 and 19: Piraeus Bank (Cyprus) LtdChairman &

Piraeus Bank (Cyprus) Ltd - Intax Info

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