OREANDA-NEWS  On 15 October was announced, that the Establishment of a branch in Cyprus become one of the most important steps in expanding the network of regional offices and representative offices.

JSC Akciju komercbanka Baltikums branch will be opened in the business capital of Cyprus, Limassol. The branch will be located in one of the most prestigious business centers at Maximou Michailidi, Maximos Plaza Tower 3, Flat/Office 401, PC 3106.

Branch opening in Cyprus marks further development of the Bank and will allow the Bank to provide services to its customers in the European Union. JSC Akciju komercbanka Baltikums strategy is focused on European and international customers by providing them private and corporate banking services.

The branch of JSC Akciju komercbanka Baltikums in Cyprus will focus on two main groups of customers. Firstly, private banking and wealth management services will be offered to wealthy customers. Secondly, financing and investment services will be offered to the companies involved in the business of international trade and shipping.

One and the main areas of the Bank operations is servicing of the shipping business companies. Cyprus is one of the most popular countries for ship registration therefore, the Bank plans to open Baltikums Shipping business Centre Cyprus. At the centre our customers’ ship owners will be offered professional bank servicing aimed precisely at this category of customers and their business. Experience in the financing of shipping and transit business allows the Bank to prepare competitive and professional proposals for funding projects of ship acquisition and renovation and modernization, as well as to provide full spectrum of services, in relation to the purchase of a vessel.

JSC Akciju komercbanka Baltikums will also service the investments of its customers in the European Union area and plans to attract European customers.

Bank branch in Cyprus will offer full banking services for customers from high-quality and fast payments in any currency (including safe and convenient remote servicing through the InternetBank) until to creation and management of individual investment portfolios. The Bank has long experience in trade financing and ship financing. In order to provide to its customers the best quality servicing and individual approach, the Bank, if it is necessary, uses the services of financial consultants, lawyers and real estate, international trade experts and tax consultants.

The Bank has representative offices in Almaty (Kazakhstan) and Kyiv (Ukraine).