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Stefano3323

New member
Hello guys,

I got contacted by Euro Deniz IBU bank to offer their services to our clients. I tried to look for some info online and from their website (Home) it doesn't seems to good.

Now, I don't want to be the person who point the finger just because a website is not very good, so I decided to ask for help here.

Does anybody ever used them? Are they legit?

Whatever info you have about them I'm sure it will help as I believe they will start contacting many people online.
 

Sols

Staff member
Mentor Group Gold
Euro Deniz International Banking Unit is a bank in TRNC (Turkish Republic of Northern Cyprus), which is an unrecognised state formed after Turkey invaded Cyprus in 1974. Since Turkey is the only country to recognise TRNC, it is practically impossible for TRNC to function as anything other than a Turkish puppet state. Banks there all piggyback on Turkish banks.

The TRNC Central Bank has a register of licensed offshore/IBU banks here: Uluslararası Bankacılık Birimleri | KKTC Merkez Bankası

However, the URL you have provided does not seem to be operated by Euro Deniz IBU. It looks like someone saw that Euro Deniz IBU doesn't have a website and registered the domain to run an unauthorised website. Deniz Bank probably offers its TRNC services through its regular website.

Also, unless you are very wealthy or the CFO of a large corporation, banks practically never contact you first. It is a huge red flag when a bank reaches out directly to someone other than that.
 

Stefano3323

New member
Euro Deniz International Banking Unit is a bank in TRNC (Turkish Republic of Northern Cyprus), which is an unrecognised state formed after Turkey invaded Cyprus in 1974. Since Turkey is the only country to recognise TRNC, it is practically impossible for TRNC to function as anything other than a Turkish puppet state. Banks there all piggyback on Turkish banks.

The TRNC Central Bank has a register of licensed offshore/IBU banks here: Uluslararası Bankacılık Birimleri | KKTC Merkez Bankası

However, the URL you have provided does not seem to be operated by Euro Deniz IBU. It looks like someone saw that Euro Deniz IBU doesn't have a website and registered the domain to run an unauthorised website. Deniz Bank probably offers its TRNC services through its regular website.

Also, unless you are very wealthy or the CFO of a large corporation, banks practically never contact you first. It is a huge red flag when a bank reaches out directly to someone other than that.


Yeah, thought something was not right. Thank you for the help. I guess it can be of help for anybody receiving those type of information with that specific URL.
 

TRX

Corporate Services
Mentor Group Gold
Elite Member
Thank you for letting us know. First I thought this was a way of hidden advertising but now I see your point and the thread to be valid, thanks :)
 

kuvalda204

New member
Hello guys,

I got contacted by Euro Deniz IBU bank to offer their services to our clients. I tried to look for some info online and from their website (Home) it doesn't seems to good.

Now, I don't want to be the person who point the finger just because a website is not very good, so I decided to ask for help here.

Does anybody ever used them? Are they legit?

Whatever info you have about them I'm sure it will help as I believe they will start contacting many people online.
Same thing, we've got their email few days ago. There's no trace/reviewe/feedback about this bank. It's not on the list of licensed or liquidated banks of TRNC. There's no legal info on the website, no team. The website is registered 2 months ago. A company with the same name was registered in the UK 1 month ago. All names/profiles in email/Linkedin are fakes. Call center number from their website is a cellphone. And so on..
Seems to be a scam.
 

kuvalda204

New member
This is a picture from their FB group
_1 - EURO DENIZ IBU - Home | Facebook 2019-12-22 02-05-27 copy.jpg


And this is the real picture
_2 Denizbank'tan resmi satış açıklaması geldi | Piyasalar Haberleri 2019-12-22 02-07-32 copy.jpg


Any more questions? )
 

rey skywalker

Entrepreneur
what is problem in trnc banks? they seems to work ? the corespondent is throuh turkey?

trnc is not reconised can it be a problem ? i was there s this summer for 1 day the seems not so different s from south exept is 50% cheaper may be banking service are also cheaper
 

Daniel1511

New member
Have you ever heard of Fortress Bank? Can you open an acc online?

Are all the bank in northern CY offer that kind of services ?
 

Admin

Forum Moderator
Staff member
Elite Member
what is problem in trnc banks? they seems to work ? the corespondent is throuh turkey?

trnc is not reconised can it be a problem ? i was there s this summer for 1 day the seems not so different s from south exept is 50% cheaper may be banking service are also cheaper
So you are an account holder in this bank or did you only visit them but didn't setup an account with them?
 

OTR365

Active Member
LOL I guess we can consider this a quite cheap scam. Thanks for the info!
It is not scamming, it is about "creating a corporate image" smi(&%

Judging Denizbank and Fortressbank by the buildings they are located in, both look like small family enterprises where the owner lives in the same building, and has his garage there too. Fortressbank looks slightly more professional than Deniz, but we're at the bottom of the barrel here.

Still, some people with special needs might benefit from their services. The main benefit is being located in a country that can't sign any international treaties even if they wanted to.
 

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rey skywalker

Entrepreneur
by the way eurodeniz is own by deniz bank , tha is own by emirates nbd , they are huge , may be the branch in cyprus is small .

once 20 year ago i was in abn branch in Lugano , it was in a small apparment, they explain all operation was done in zurich head office may be is same model
 
It is not scamming, it is about "creating a corporate image" smi(&%

Judging Denizbank and Fortressbank by the buildings they are located in, both look like small family enterprises where the owner lives in the same building, and has his garage there too. Fortressbank looks slightly more professional than Deniz, but we're at the bottom of the barrel here.

Still, some people with special needs might benefit from their services. The main benefit is being located in a country that can't sign any international treaties even if they wanted to.
What about Mondial Private Bank? Is it similar to what you describe?
 

rey skywalker

Entrepreneur
anybody has account with eurodeniz or fortress bank or mondial bnak? at the moment they not look the best but there is no bad reports on them on the internet, even report on the internet are not the most reliable
 

Sols

Staff member
Mentor Group Gold
Banking in TRNC is generally OK but you have to be compliant with not only TRNC but also Turkish law since the banks rely 100% on Turkish banks. I'm not sure what it's like to open accounts for offshore companies there. There are TRNC offshore (FTZ-style) companies you can incorporate but fees are higher than typical offshore companies.

You have nearly zero recourse in case of a dispute with the bank. TRNC and, by extension, the KKTC Merkez Bankasi (Central Bank) are not internationally recognized. Don't put your life savings in the TRNC.
 
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