it has more than 500 branches, 600 ATMs and 9,000 employees.
Cyprus, a member of the European Union, is already a well developed financial centre, acting as the main gateway for international investment flows to many countries in the region. Backed up by the lowest corporate taxation in Europe (10%), the large number of double taxation treaties with more than 45 countries and the abundance of high quality legal and accounting firms, Cyprus has evolved into the biggest foreign direct investor in Russia & Ukraine and is proving very well positioned for numerous other countries such as India and South Africa.
MPB provides services to Private Individuals, Enterprises and Large Organisations, Private Banking Services, Electronic Banking, Factoring, Leasing, International Banking Services, Treasury Services, Shipping Services, Insurance Services, and Investment and Capital Management Services.
Very recently, MPB has successfully completed the biggest share capital increase in Cyprus of €488m. Through its very strong financial indices ofTier 1 capital (12,0%) and overall capital adequacy (13,7%), the Bank has consolidated further its leading position in the Cyprus market and has also implemented its international strategy in the emerging markets of South-eastern Europe.
One of the Banks competitive advantages is its commitment and active support of the international service industry, with an exclusive International Business Banking (IBB) Division in Cyprus. The IBB of MPB offers comprehensive service for International Customers wishing to do global business from Cyprus.
Service excellence is reflected by IBB’s market growth rates, which are the highest in Cyprus and is also reflected by a number of global awards. In 2010, the “Banker” magazine of Financial Times has voted, yet once again, MPB as “Bank of the Year” for Cyprus and the electronic bank of MPB was awarded the “distinction of the best internet bank” in Cyprus by the international magazine “Global Finance”. MPB is the only Cypriot Bank which, for the tenth consecutive year has been honoured with the “quality recognition Award” of JP Morgan Chase.
The vision of International Business Banking division - in line with its moto “THINKING. AHEAD.” is to offer excellent service for fully satisfying the banking needs of its demanding clientele and at the same time assist in the strengthening of Cyprus reputation as a major international financial centre.
Cyprus and Marfin Popular Bank can indeed satisfy all the needs of international businesses investing in Europe, South Eastern Europe, Russia, Ukraine, India, South Africa and numerous other countries.
