We can recommend the Slovakian bank for those clients who wish to go personally to the bank in order to finalise certain types of transaction in person. The Internet banking programme works extremely well, and bank charges are low.
Account opening is available only for companies registered in Hong Kong and the Commonwealth of Dominica.
Eurobank Cyprus is one of the youngest members of this European banking group. Since its foundation in 2008, the Cypriot branch of the Eurobank Group has been able to show a profit, despite the world-wide financial crisis. A key element of its strategy was to employ the best bankers from the word go, enticing them away from banks which have been operating in Cyprus for decades. In this way, the professionalism of the personnel is guaranteed, while on the financial side they are not struggling with the consequences of poor decisions made in the past, unlike many of their competitors on the island.
The FBME is unique among the banking partners of LAVECO, as it is the only one which is able to offer the possibility to open accounts both within and outside the EU. They offer the opening of accounts in Cyprus and Tanzania, with the same client identification process in both cases. The number of clients from many different countries has been growing year by year since the establishment of the FBME in 1983. We particularly recommend this bank to clients for whom the possibility of paying by bank card or using them to withdraw cash is important. This is one of the bank’s strengths in comparison with other financial institutions.
Relatively unknown bank, despite the fact that it is one of the most successful and stable in Cyprus. Very few people are aware that one of the main shareholders is the Cypriot Orthodox Church. As part of company policy, they do not wish to become a “multinational bank”, preferring to remain as a regional “boutique bank”. This can be felt in the everyday operations, and as a result they have retained the personal relationship with clients. The bank has an excellent Internet banking programme, offers a wide range of bank cards and are very flexible and open when it comes to innovation. We strongly recommend this bank for clients wishing to carry out trading transactions on a daily basis.
The Marfin Laiki Bank is currently the largest bank in Cyprus, with many decades of experience and a very professional team behind them. The Internet banking system is both good and reliable. LAVECO has been working with this bank for more than 10 years, which is of great help when trying to resolve questions which arise today.
Rietumu Bank combines all the characteristics that a modern bank should have: it is fast, cheap, reliable and has well operating bank card and Internet banking systems. As one of the biggest private banks in Latvia it remained unaffected by the crises it survived over the 20 years of its existence. We offer this bank to anybody who makes bank transactions daily and to whom low transaction costs are important.
Although their services are not cheap, our clients like Valartis Bank. Although the bank specialises primarily in private banking services, they are flexible when it comes to current account business, meaning there is no obstacle to daily banking transactions. The personal relationship developed with the client is excellent, so we have no hesitation in recommending Valartis Bank to those seeking a reliable banking partner in Liechtenstein.
Clients with some knowledge of the banking world will instantly recognise the well-known Volksbank brand. If we add to this the precision and customer service associated with Liechtenstein together with the advantageous transaction charges, then it is easy to see why this bank is enjoying more and more popularity among our clients.