Banking in the Republic of Cyprus
One of the main aims of the Central Bank of Cyprus is to make sure that the financial system is safe and stable.
That would maintain public confidence and increase economic firmness and expansion. This aim is preserved by maintaining an efficient mechanism of bank regulation and supervision.
To this effect, the Central Bank of Cyprus grants a license to carry on Banking Business and exercises supervision, the main objective of which is to minimize systemic risk and preserve the steadiness of the banking system so as to maintain public confidence and to protect depositors, savors and shareholders of corporations, organizations and other stake holders that have interests in companies.
The Central Bank of Cyprus has always been guided in its supervisory role by the recommendations of the Basle Committee (http://www.bis.org/bcbs/) on banking supervision and the EU Directives on banking regulation while following up closely new developments and having its prudential functions under constant review to take account of these developments and changing circumstances. This guarantees a safe Banking Systems, free from downfalls, errors or dangers regarding bank transfers, maintenance and administration of bank accounts and so on.
We can offer you the following services:
- Assistance with opening of bank account/s on the currency of your preference (maintenance and Administration
- Liaising with the bank and the partner, in order to assist the signatories
- Liaising with the bank in regards with the bank transfers
- Assistance with closing all the operations of a bank account