Facebook Linked In Twitter

Anastasiades to Raise Issue of Illegal Turkish Navtex at EU Leaders Informal Meeting

Duncan: UK Assessing Events in Cyprus EEZ



brought to you by Barclays

EFG Bank (Luxembourg) Cyprus Branch to Provide Depositary Services to Cyprus AIFs

EFG Bank (Luxembourg) Cyprus Branch to Provide Depositary Services to Cyprus AIFs

On the 5th July 2017, EFG Bank (Luxembourg) SA - Cyprus Branch was informed by the Central Bank of Cyprus on the extension of its branch activities to provide custody/depositary services in accordance with Article 39 of the Directive 2013/36/EU following the notification received on 16th June 2017 by the Commission de Surveillance du Secteur Financier of Luxembourg (CSSF).

Following CSSF and Central Bank approvals and by capitalizing on the experience, systems and processes of EFG Group, EFG Bank (Luxembourg) S.A  - Cyprus Branch will commence immediately offering AIFMD compliant depositary services to Cyprus AIFs. 

EFG Bank (Luxembourg) SA - Cyprus Branch is part of EFG International, a global private banking and asset management group headquartered in Zurich, Switzerland, and that has operations in around 40 locations worldwide. EFG International’s registered shares (EFGN) were listed on the SIX Swiss Exchange on 7 October 2005 (4th biggest listing) and it is currently rated by Moody’s with an A3 rating and by Fitch with an A rating.

EFG Bank (Luxembourg) SA - Cyprus Branch has offices in Nicosia and Limassol, whereas the Fund Services are located at its Nicosia office , 23 Kennedy Avenue, GLOBE HOUSE, (tel: +357 22 025903).

The Country Manager of the Cyprus Branch Costas Stylianou stated that the extension of the Cyprus Branch for the provision of depositary services shows the support of EFG Group in the emerging Cyprus Fund industry, whereas the Manager responsible for the provision of Fund services in Cyprus, Constantinos Papanastasiou, stated that EFG Bank is the first international investment grade organization offering AIFMD compliant depositary services in Cyprus.



Izidocs Reduces Costs by 20% Using Oracle IaaS

Izidocs Limited assists companies in managing their information through a fully featured, ...

READ by MTN Digital Library Provides Tablets to Students in Rizokarpaso

Tens of students from schools in occupied Rizokarpaso were received by the Commissioner ...

European Cooperation on Supercomputers Accelerating: Cyprus 15th Country to Join

The European effort to build and deploy the next generation of supercomputers accessible ...



Tommy Hilfiger Partners With Formula One World Champions Mercedes-AMG Petronas Motorsport

The multi-year deal brings the Tommy Hilfiger brand back to the world of Formula One for the first time in 17 years, as the Official Apparel Partner for the ...

KPMG Cyprus Participates At the 3rd Inter-Communal Business Mixer

KPMG Cyprus participated at the 3rd Inter-Communal Business Mixer which took place at the Home for Cooperation. The Inter-Communal Business Mixer is a ...

Duncan: UK Assessing Events in Cyprus EEZ

The UK government is currently assessing the events in the Exclusive Economic Zone of the Republic of Cyprus, related to the hydrocarbons drilling activity, ...

Anastasiades to Raise Issue of Illegal Turkish Navtex at EU Leaders Informal Meeting

Cyprus President Nicos Anastasiades will raise the issue of the Turkish actions in Cyprus` Exclusive Economic Zone during the informal European Council to be ...

Ikea Joins Big Clean Switch to Offer 100% Renewable Energy Tariff

Joint venture claims cheaper green power could save UK households £300 a year Ikea is calling for households to join its latest joint venture ...

Cyprus Records Deflation Of 1.5% in January

Cyprus recorded deflation of 1.5% on an annual basis in January, official data released on Monday 20 February show.   The Harmonized Price Index for ...

Kouyialis: Cyprus Expects EU to Maintain Improved Direct Payments System In Future CAP

Cyprus expects the EU to maintain the role of direct payments as a means of supplementing and supporting agricultural incomes during the revision of the EU ...

HSBC Profits Jump to $17.2bn on Asia Growth

HSBC has posted a pre-tax profit of $17.2bn (£12.3bn) in 2017, saying its focus on Asia was driving growth. The results represent a 141% jump on the ...