JSC Akciju komercbanka Baltikums Registers a Branch in Cyprus

The Establishment of a branch in Cyprus has 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).


Uldis Zandars
JSC Akciju komercbanka Baltikums
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67704672, +371 29206536
E-mail: uldis.zandars@bank.baltikums.com