What is the current status with the Cyprus banks?

[lavel]

When reading all over the news about Greece I'm wondering what is the current situation in Cyprus, are they affected by the situaion in Greece or in normal operation?


Would really like to know some facts here.

 

[JohnLocke]

Cyprus banks are in full operation as they are not affected by what is happening in Greece

 

[wonderwilly]

I'm so happy that OP asked the question was wondering what the situation in Cyprus and their banking is. I'm even more happy to hear they are not affected at all and in normal operation.

 

[myhand]

Thanks for question and asnwer, I was in the process to open a similar thread to ask about the situation in Cyprus and Greek.

 

[happyjohn]

Cyprus banks are in full operation as they are not affected by what is happening in Greece

What about Bank of Piraeus Cyprus are they going down if the bank goes down in Greece?

 

[JohnLocke]

What about Bank of Piraeus Cyprus are they going down if the bank goes down in Greece?

Piraeus Bank Cyprus is a subsidiary of Greek Piraeus Bank, registered in Cyprus, regulated by Central Bank of Cyprus and is not affected by the Greek bank crisis. The Bank does not have any exposure in Greece.

 

[fernadex]

Piraeus Bank Cyprus is a subsidiary of Greek Piraeus Bank, registered in Cyprus, regulated by Central Bank of Cyprus and is not affected by the Greek bank crisis. The Bank does not have any exposure in Greece.

So even they said NO in Greece, and even if the banks have stoped their operation in Grece, the banks in Cyprus continue business as usual, that's very good they seem to have learned from the last time back in 2009.

 

[lavel]

Piraeus Bank Cyprus is a subsidiary of Greek Piraeus Bank, registered in Cyprus, regulated by Central Bank of Cyprus and is not affected by the Greek bank crisis. The Bank does not have any exposure in Greece.

That's just plane great news. Thanks admin to be such responsive to our questions. I started to get nervous.

 

[JohnLocke]

So even they said NO in Greece, and even if the banks have stoped their operation in Grece, the banks in Cyprus continue business as usual, that's very good they seem to have learned from the last time back in 2009.

Correct, that has no influend on the banks in Cyprus! They are all in normal operation.

 

[DeMajor]

I send a payment to your Piraeus bank account last week and you confirmed received! That say that the banks are in normal operation! I'm waiting for allocation letter for my new corporate account.

 

[lavel]

I send a payment to your Piraeus bank account last week and you confirmed received! That say that the banks are in normal operation! I'm waiting for allocation letter for my new corporate account.

You hopefully got it by now right?

 

[DeMajor]

Yeah got it, anyway they have my account "under review" atm. so I pretty much lost with the money on that account. Seems Piraeus has some very special Internal rules which don't apply to official International Banking Laws and they put such laws beside when it comes to the slightest reputation issues!

 

[alain]

Yeah got it, anyway they have my account "under review" atm. so I pretty much lost with the money on that account. Seems Piraeus has some very special Internal rules which don't apply to official International Banking Laws and they put such laws beside when it comes to the slightest reputation issues!

You are in the same situation as I'm for 1 year ago where they put my account under review just suddenly !! You may stay away from this bank they are not trust able.

 

[arturos]

We need a current status of the Cyprus account opening for 2016 what are the requirements to open an account actually?

 

[Jack Dui]

We need a current status of the Cyprus account opening for 2016 what are the requirements to open an account actually?

happyjohn 's post will help you.
Details of Cyprus Bank Account Opening

 

[Rahul shetty]

I would also like to know lastest happenings.. Please update us with this.

 

[yuseff]

Yeah got it, anyway they have my account "under review" atm. so I pretty much lost with the money on that account. Seems Piraeus has some very special Internal rules which don't apply to official International Banking Laws and they put such laws beside when it comes to the slightest reputation issues!

did you get back your Piraeus bank account?

 

[RamsayB]

Cyprus banks are still almost the same before. There may have been issues but its still a good choice for Offshore businesses

 

[DeMajor]

All good I got my account back yesterday. But damn it was some difficult task and f... they had many questions! This is just not normal. I have opened new accounts now, in Belize, Mauritius, Latvia, Sweden, Russia and St. Kitts.. this shall never happen again

 

[yuseff]

All good I got my account back yesterday. But damn it was some difficult task and f... they had many questions! This is just not normal. I have opened new accounts now, in Belize, Mauritius, Latvia, Sweden, Russia and St. Kitts.. this shall never happen again

Great going DeMajor,

So which offshore countries have been the easiest as far as opening bank accounts is concerned?