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International Banking Through Cyprus Dimitris Zisimidis Manager, Limassol International Banking Unit Piraeus Bank (Cyprus) Ltd Vilnius June 12, 2012 The Cyprus Financial Sector CYPRUS GOVERNMENT Legislation CENTRAL BANK Robust Regulation BAR ASSOCIATION & ICPAC Oversight CYPRUS BANKING SYSTEM SERVICES PROVIDERS (accountants & lawyers) Tax Advantages Experience Expertise Confidentiality Education Extensive Network Infrastructure Extensive Networks Knowledge CUSTOMER Why Banking in Cyprus International Standards Legal, accounting and banking systems based mainly on English practices International Financial Reporting Standards (IFRS) since 1982 Experienced employees Highly qualified managerial, clerical and technical staff Worldwide network Wide network of correspondent accounts Excellent relations with European countries, Russia, Ukraine, countries of the Middle East and the Gulf, India. Highly Regulated Banks The regulator, Central Bank of Cyprus is part of the Eurosystem Robust internal procedures at banks Strict Anti Money Laundering Standards Banks’ Offerings 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 … Increase in Foreign Resident deposits Controlled loan/deposits … deposit balances… 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 98% 100% 88% 99% 99% 96% Bn euro Loan/Deposits Ratio …steadily growing… Banking system deposits & loans Bn 75.0 70.0 65.0 60.0 55.0 50.0 45.0 40.0 35.0 Deposits loans How banking works with Piraeus Bank… ACCOUNT OPENING Relationship Manager Clients/Partners - Single point of reference -One stop shop service ACCOUNT OPERATION IDENTIFICATION OF CUSTOMER NEEDS SERVICING CUSTOMER NEEDS MARKETING LIAISON WITH: - Wealth Management Treasury Custody Card Services Trade Finance LENDING … and how Piraeus Bank supports you ACCOUNT OPENING / CUSTOMER SERVICE Specialization & Professionalism Assigned Customer Service Team Experienced Staff with Multilingual skills Accuracy & speed Visiting you at your own premises Confidentiality & Anonymity ACCOUNT OPERATION Advanced platform for: internet banking (trilingual) Mobile Banking Telephone Banking Extended working hours (7:30 – 18:00) Extended Cut – Off Times 24/7 Call Service Payments in over 42 currencies (same–day value) SERVICING CUSTOMERS’ NEEDS & WANTS Universal Bank Cash Management Solutions In-house Lending Team In–house Compliance Officer In–house Business Development Manager Internal Lawyers for Escrow Services Competitive Pricing with no hidden costs Piraeus Bank Cyprus Ltd e-Channels operation Internet Banking Mobile Banking --------------------------------------------------------------------------------------- Phone Banking Smartphone Banking Tablet Banking 9 …building a relationship of trust to grow… 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 IBU Deposit Accounts ANY QUESTIONS?