Foreign banks remain exempt from Cyprus capital controls

The Ministry of Finance issued the eighth decree on the international banks exempted from capital controls imposed in Cyprus following the Eurogroup decision lastMarch as part of a 10 bln euro bailout.

The decree, which will remain in force for a seven-day period, includes 16 foreign banks operating in Cyprus, that have already been exempted from capital controls.

The list is as follows:
1. Arab Jordan Investment Bank SA
2. Bank of Beirut SAL
3. BankMed SAL
4. Banque BEMO SAL
5. Banque SBA
6. Barclays Bank PLC
7. BBAC SAL
8. BLOM Bank SAL
9. Byblos Bank SAL
10. Credit Libanais SAL
11. Jordan Ahli Bank plc
12. Lebanon and Gulf Bank SAL
13. OJSC Promsvyazbank
14. Open joint-stock company AvtoVAZbank
15. Privatbank Commercial Bank
16. Russian Commercial Bank (Cyprus) Ltd.

Source: Financial Mirror

Cyprus Profile

articles | 26 July 2013