Skip to main content

Bank of Cyprus announced revision of its Privacy Statement


Bank of Cyprus has revised its Privacy Statement concerning the processing of personal data of natural persons who are customers or potential customers of the Bank, customers’ representatives and/or beneficiaries of legal entities of customers or potential customers. The renewed Privacy Statement is available at the bank’s website, on its digital channels and at the branches of Bank of Cyprus.

The Bank announced that revision of its Privacy Statement became part of its strategy to comprehensively protect personal data, in response to the requirements of Regulation (EU) 2016/679 of the European Parliament and of the Council on data protection and privacy (GDPR) and the Law providing for the Protection of Natural Persons with regard to the Processing of Personal Data and for the free movement of such data.

Comments

Popular posts from this blog

New Cyprus companies face delays in opening bank account in the jurisdiction

According to businessmen and professional service firms in Cyprus, new companies are waiting long queues to open bank accounts in the jurisdiction. Some of them are should wait for 3-4 months and even longer. According to some financial sources, it is not only banks which are to blame for this, but also insufficient Cyprus Central Bank guidance in terms of evaluation of potential account holders, and the vastly increased amount of compliance regulations. Bankers say that there is enormous and growing complexity of regulations, especially for companies with branches in several countries. By words of Chris Boreham, group head of Business Development at the Nicosia-based Highworth, “there is a definite need for improvement, as clients are giving up and going elsewhere because they can’t arrange their finances here.” There is a significant danger to the Cyprus economy, as Cyprus is being judged for its ability to provide good corporate governance. Professional associations in the jurisdict...

Alexandrion Group becomes winner at the ACQ5 Global Awards 2019

Cyprus-based Alexandrion Group was granted two international awards organized under the publication’s established awards ordinance “ACQ5 Global Awards 2019”. The leading group of spirits in the Romanian market has won the Europe’s company of the year award and the founder and chairman of Alexandrion Group was named Europe’s Gamechanger of the year. The ACQ Global Awards were established in 2006, and are the only industry honours given purely on the basis of voter participation, welcoming and considering any and all submissions to the relevant nomination process. The awards are divided into Company, Practice Area, Individual and Firm-wide categories within the public & private sectors. The awards boast a legitimately independent nomination process, they rely on reader insight and experience to provide nominations and relish hearing about new experts and burgeoning markets.

The Cyprus Export Services Award received by Leptos Estates

The Cyprus-based property development company Leptos Estates  announced that it has received the Cyprus Export Services Award from the President of the Republic of Cyprus, Mr. Nicos Anastasiades. During a special event which was held on 12 November 2020 the company was recognised for its outstanding performance and efforts towards opening of new markets and for its contribution to the economy of Cyprus. Previously the company received this award in 2012 and 2016, respectively. The Award itself was established in 1982, has become very prestigious and is given to companies that have encouraged foreign direct investment and have excelled in both service and performance. This time, the Leptos Group has been awarded for its outward-looking strategy, adding value and creating potential for investment.