HALISTER1: Cyprus-based RCB Says Didn’t and Doesn’t Provide Unsecured Loans

Cyprus-based RCB Says Didn’t and Doesn’t Provide Unsecured Loans

(Bloomberg) -- RCB always acts in a transparent manner and all information about its activities is available to the relevant Cypriot and European authorities, Cyprus-based lender says in e-mailed statement.
  • RCB Bank, as a significant EU bank, strictly fulfills requirements of applicable legislation and in its day-to-day activities employs anti-money laundering procedures to the full extent which conform to highest standards
  • RCB’s operations and procedures are under continuous scrutiny by the Central Bank of Cyprus and ECB
  • Additionally, an audit was also conducted by Deloitte Italy, within the framework agreed between the Government of Cyprus and the Troika
  • NOTE: RCB issues statement following allegation that RCB gave unsecured credit lines of hundreds of millions of dollars at extremely low interest rates to an offshore co. controlled by one of Russian President Putin’s oldest friends
  • NOTE: earlier, Putin Not Linked to $2 Billion Offshore Loans, VTB CEO Says Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0390660D CY (RCB Bank Ltd)
VTBR RM (VTB Bank PJSC)
CBC CY (Central Bank of Cyprus)

People
Vladimir Putin (Russian Federation)

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