Announcement

With regards to unfounded references to RCB Bank made by media which have been duly refuted as untrue, we would like to clarify the following:

RCB Bank, as a principal, did not and does not provide unsecured loans. The Bank always acts in a transparent manner and all information about its activities is available to the relevant Cypriot and European authorities. RCB Bank, in accordance with applicable legislation of the Republic of Cyprus never discloses to third parties, including but not limited to media, any information regarding its clients, their operations and transactions.

RCB Bank, as a significant EU bank, strictly fulfills the requirements of applicable legislation and in its day-to-day activities employs Anti-Money Laundering procedures to the full extent which conform to the highest standards. The Bank’s operations and procedures are under continuous scrutiny by the Central Bank of Cyprus and the European Central Bank. Additionally, an audit was also conducted by Deloitte Italy, within the framework agreed between the Government of Cyprus and the Troika.