Baltikums Banka has Obtained a Permit of the Cyprus Central Bank for Offering Its Services in Cyprus According to the Principles of Free Competition

Baltikums Banka has obtained a permit of the Cyprus Central Bank for offering
its services in Cyprus according to the principles of free competition. 

The obtained permit allows the bank offer a full range of banking products,
services, and solutions in Cyprus, which includes regular banking service (via
the branch of the bank) and corporate banking, private banking, and investment
banking services, payment card programmes offered via the central office. 

Earlier this year, the bank's branch in Cyprus commenced its operations.
Alongside the benefits resulting from the permit obtained by the central office
for offering its services according to the principles of free competition the
bank's customers in Cyprus can also enjoy comprehensive banking service - from
settlement services to unlimited operations on financial markets. Customers who
have opened accounts at the central office and/or at the Cyprus branch
celebrate enhanced choice, convenience and prompt service, as well as benefits
of service opportunities in two European jurisdictions. The full list of the
services offered by Baltikums Banka in Cyprus is available at
http://www.baltikums.com/30799.html. 

Baltikums Banka is a member of the Latvian banking group Baltikums Bankas Grupa
and by 100% belongs to Latvian companies - family holdings of the group's
shareholders. The objective of Baltikums Banka is to join leading independent
private banks in the European Union by providing modern and sought after
banking products, services and solutions aimed at facilitating business and at
keeping and growing wealth of our customers. 

Uldis Zandars
Baltikums Banka
Deputy of Head of the Product Development and Marketing Department
Tel.: +371 67 031 408, +371 29 206 536
E-mail: uldis.zandars@baltikums.eu