articles | 27 January 2016

CBC warns on Latvian bank

The Central Bank of Cyprus (CBC) informs customers of the Cyprus branch of Trasta Kommercbanka Bank that the Board of the Financial and Capital Market Commission (FCMC) of Latvia has imposed restrictions on the activities of the joint stock company Trasta Komercbanka.

FCMC has forbidden the Bank to perform debit transactions in any currency, including through online banking, ATMs and by cash, with clients in the amount that exceeds €100,000 per depositor.

Restrictions on the activities of JSC as Trasta Kommercbanka, including its Cyprus branch, remain effective until any further decision by the FCMC.

Source: InCyprus

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