International Banking Through
CyprusDimitris ZisimidisManager,Limassol International Banking UnitPiraeus Bank (Cyprus) Ltd Vilnius June 12, 2012
The Cyprus Financial Sector
CYPRUS GOVERNMENT
CENTRAL BANK BAR ASSOCIATION& ICPAC
LegislationRobust Regulation Oversight
Experience
Education
Extensive Networks
SERVICES PROVIDERS(accountants & lawyers)
CYPRUS BANKING SYSTEM
Tax Advantages
Confidentiality
Infrastructure
Expertise
Extensive Network
Knowledge
CUSTOMER
International Standards
Why Banking in Cyprus
Experienced employees
Worldwide network
Highly Regulated Banks
Banks’ Offerings
Legal, accounting and banking systems based mainly on English practices
International Financial Reporting Standards (IFRS) since 1982
Highly qualified managerial, clerical and technical staff
Wide network of correspondent accounts Excellent relations with European countries, Russia, Ukraine,
countries of the Middle East and the Gulf, India.
The regulator, Central Bank of Cyprus is part of the Eurosystem Robust internal procedures at banks Strict Anti Money Laundering Standards
Whole spectrum of Financial Services (one stop shopping) Ability to open accounts in all major currencies Confidentiality & Anonymity
…in a banking system weathering the crisis we had …
Controlled loan/deposits
Increase in Foreign Resident deposits
… deposit balances…
Bn euro Dec ‘08
Dec ‘09 Dec ‘10
Dec ‘11
Feb ’12
April ‘12
EUR – Resident Deposits 32 34 36 37 36 36
EUR – Non Resident Deposits
6 8 11 12 12 13
FC– Resident Deposits 7 7 9 7 7 7
FC – Non Resident Deposits
11 9 13 13 14 15
Total Deposits 56 58 69 69 70 71
Loan/Deposits Ratio 98% 100% 88% 99% 99% 96%
35.040.045.050.055.060.065.070.075.0
Deposits
loans
Bn
…steadily growing… Banking system deposits & loans
How banking works with Piraeus Bank…
ACCOUNT OPENING
Clients/Partners
Relationship Manager
- Single point of reference-One stop shop service
ACCOUNT OPERATION
SERVICING CUSTOMER NEEDS
MARKETING
LIAISON WITH:-Wealth Management-Treasury-Custody-Card Services-Trade Finance
LENDING
IDENTIFICATION OF CUSTOMER NEEDS
ACCOUNT OPENING / CUSTOMER SERVICE
Specialization & ProfessionalismAssigned Customer Service TeamExperienced Staff with Multilingual skillsAccuracy & speedVisiting you at your own premisesConfidentiality & Anonymity
ACCOUNT OPERATION
Advanced platform for: internet banking
(trilingual) Mobile Banking Telephone Banking
Extended working hours (7:30 – 18:00)Extended Cut – Off Times24/7 Call Service Payments in over 42 currencies (same–day value)
SERVICING CUSTOMERS’ NEEDS
& WANTS
Universal BankCash Management SolutionsIn-house Lending TeamIn–house Compliance OfficerIn–house Business Development ManagerInternal Lawyers for Escrow ServicesCompetitive Pricing with no hidden costs
… and how Piraeus Bank supports you
99
e-Channels operation
Piraeus Bank Cyprus Ltd
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Phone Banking Smartphone Banking Tablet Banking
Internet Banking Mobile Banking
…building a relationship of trust to grow…
ANY QUESTIONS?