OREANDA-NEWS. On 17 July 2009 was announced, that Baltikums Banka had obtained a permit of the Cyprus Central Bank for offering its services in Cyprus according to the principles of free competition.

The obtained permit allows the bank offer a full range of banking products, services, and solutions in Cyprus, which includes regular banking service (via the branch of the bank) and corporate banking, private banking, and investment banking services, payment card programmes offered via the central office.

Earlier this year, the bank’s branch in Cyprus commenced its operations. Alongside the benefits resulting from the permit obtained by the central office for offering its services according to the principles of free competition the bank’s customers in Cyprus can also enjoy comprehensive banking service – from settlement services to unlimited operations on financial markets. Customers who have opened accounts at the central office and/or at the Cyprus branch celebrate enhanced choice, convenience and prompt service, as well as benefits of service opportunities in two European jurisdictions. The full list of the services offered by Baltikums Banka in Cyprus is available at http://www.baltikums.com/30799.html.

Baltikums Banka is a member of the Latvian banking group Baltikums Bankas Grupa and by 100% belongs to Latvian companies – family holdings of the group’s shareholders. The objective of Baltikums Banka is to join leading independent private banks in the European Union by providing modern and sought after banking products, services and solutions aimed at facilitating business and at keeping and growing wealth of our customers.