International Banking Through

CyprusDimitris ZisimidisManager,Limassol International Banking UnitPiraeus Bank (Cyprus) Ltd Vilnius June 12, 2012

The Cyprus Financial Sector

CYPRUS GOVERNMENT

CENTRAL BANK BAR ASSOCIATION& ICPAC

LegislationRobust Regulation Oversight

Experience

Education

Extensive Networks

SERVICES PROVIDERS(accountants & lawyers)

CYPRUS BANKING SYSTEM

Tax Advantages

Confidentiality

Infrastructure

Expertise

Extensive Network

Knowledge

CUSTOMER

International Standards

Why Banking in Cyprus

Experienced employees

Worldwide network

Highly Regulated Banks

Banks’ Offerings

Legal, accounting and banking systems based mainly on English practices

International Financial Reporting Standards (IFRS) since 1982

Highly qualified managerial, clerical and technical staff

Wide network of correspondent accounts Excellent relations with European countries, Russia, Ukraine,

countries of the Middle East and the Gulf, India.

The regulator, Central Bank of Cyprus is part of the Eurosystem Robust internal procedures at banks Strict Anti Money Laundering Standards

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 …

Controlled loan/deposits

Increase in Foreign Resident deposits

… deposit balances…

Bn euro 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

Loan/Deposits Ratio 98% 100% 88% 99% 99% 96%

35.040.045.050.055.060.065.070.075.0

Deposits

loans

Bn

…steadily growing… Banking system deposits & loans

How banking works with Piraeus Bank…

ACCOUNT OPENING

Clients/Partners

Relationship Manager

- Single point of reference-One stop shop service

ACCOUNT OPERATION

SERVICING CUSTOMER NEEDS

MARKETING

LIAISON WITH:-Wealth Management-Treasury-Custody-Card Services-Trade Finance

LENDING

IDENTIFICATION OF CUSTOMER NEEDS

ACCOUNT OPENING / CUSTOMER SERVICE

Specialization & ProfessionalismAssigned Customer Service TeamExperienced Staff with Multilingual skillsAccuracy & speedVisiting you at your own premisesConfidentiality & Anonymity

ACCOUNT OPERATION

Advanced platform for: internet banking

(trilingual) Mobile Banking Telephone Banking

Extended working hours (7:30 – 18:00)Extended Cut – Off Times24/7 Call Service Payments in over 42 currencies (same–day value)

SERVICING CUSTOMERS’ NEEDS

& WANTS

Universal BankCash Management SolutionsIn-house Lending TeamIn–house Compliance OfficerIn–house Business Development ManagerInternal Lawyers for Escrow ServicesCompetitive Pricing with no hidden costs

… and how Piraeus Bank supports you

99

e-Channels operation

Piraeus Bank Cyprus Ltd

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Phone Banking Smartphone Banking Tablet Banking

Internet Banking Mobile Banking

…building a relationship of trust to grow…

ANY QUESTIONS?