Saxo Bank A/S (“Saxo Bank”) of Denmark, member state of the European Union, has established a branch in Cyprus under the right of the freedom of establishment, in accordance with article 10A(1) of the Banking Law, 1997-2011.
Saxo Bank is a fully licensed and regulated bank specialising, mainly, in the provision of investment services via the internet.
Saxo Bank’s branch in Cyprus will, for the time being, be offering investment services and will not be accepting deposits.