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Central Bank of Cyprus` warning
10.08.2022
The Central Bank of Cyprus (hereinafter referred to as the "CBC") has warned that the Limassol–based Sabax Bank has absolutely no license to operate issued by the supervisory authority.
In its written statement, the Central Bank also said that the document posted on the website of the credit institution as a license to carry out activities is a fake.
The website of the credit institution in question says that two private bankers founded Sabax Bank in 1998 and that it is one of the best banks in Cyprus, which offers a wide range of services for non-resident companies. However, this is not true.
The Central Bank urges citizens to be careful when choosing their credit institution.
Link to source: https://www.centralbank.cy/en/announcements/warning-03-08-2022
In its written statement, the Central Bank also said that the document posted on the website of the credit institution as a license to carry out activities is a fake.
The website of the credit institution in question says that two private bankers founded Sabax Bank in 1998 and that it is one of the best banks in Cyprus, which offers a wide range of services for non-resident companies. However, this is not true.
The Central Bank urges citizens to be careful when choosing their credit institution.
Link to source: https://www.centralbank.cy/en/announcements/warning-03-08-2022
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