RCB Bank Ltd expands the range of services on the local market after the lifting of capital restrictions

6 April, 2015

"We welcome the long-awaited lifting of capital restrictions in the Cypriot banking system. This development constitutes the end of a difficult era for the banking sector and the economy of the island at large. The lifting of these restrictions will most certainly contribute to a faster recovery of the Cypriot economy and its return to growth. From our side, we can finally offer our wide range of services to more Cypriot customers who can now open accounts in a financially strong, trustworthy and profitable Cypriot bank”, said Kirill Zimarin, Chief Executive Officer of RCB Bank Ltd.

RCB Bank Ltd was established on August 1st 1995, is one of the largest banks in Cyprus and is one of the European significant Banks, members of the SSM mechanism and under direct supervision of the European Central Bank. As of March 31st 2015, its assets amounted to over EUR 11 billion and owner equity to EUR 500 million. The Bank operates branches in Nicosia, Limassol and Luxembourg.