Friday, 7 July 2023

The Central Bank of Cyprus (‘‘CBC’’) informs the public, businesses and, more specifically, depositors that an entity under the name ‘‘UNIVERSAL BANKS’’, to which reference is made on the following website:

is not licensed by the CBC to operate as a credit institution in accordance with section 4 of the Business of Credit Institutions Laws of 1997 to 2023.

The CBC urges the public, businesses and depositors, before conducting business with credit institutions, to consult its website and specifically the Register of Credit Institutions operating in Cyprus in order to ascertain the credit institutions which are legally operating in the Republic of Cyprus.