"After nationalization of JSC CB "PRIVATBANK", on December 20, 2016 the banking license of the Cyprus branch was limited by the Central Bank of Cyprus. Cyprus branch shall not engage in any banking business, other than:

  • - the repayment or renewal of existing deposits and the acceptance of payments towards existing credit facilities, and
  • - the repayment of administrative expences relating to the operations of the branch."

PrivatBank Cyprus was opened in Nicosia on 20th July 1999,  license of the Central Bank of Cyprus No BS 4523, and is the first foreign branch of the Ukrainian bank in Cyprus. 

Today, PrivatBank branches work in Nicosia and in Limassol.

In its operations, the bank has proven high professional level of its specialists and flawless reputation in the international banking sphere.

PrivatBank Cyprus has been called many times as the bank ensuring the highest STP payment interest among Greece and Cyprus banks by Deutsche Bank Trust Company Americas.

It is one of the first EU banks to become a direct member of the new TARGET2 payment system

The international auditor of PrivatBank Cyprus is PricewaterhouseCoopers.

The authority supervising the business activity of JSC CB PrivatBank, Cyprus


TELEPHONE: +357 22 71 41 00

FAX: +357 22 71 49 59



P.O.BOX 25529, CY-1395 NICOSIA

Benefits of PrivatBank Services

Why Cyprus?

The Republic of Cyprus is a full member of the European Union and a recognised international financial centre. Cyprus exceeds even the most optimistic expectations when it comes to matters of international tax planning. There are an excellent legal and economic infrastructure, lowest tax rates in the EU, and complete absence of some taxes (for instance, security sale tax). Besides, many countries adopted a Convention on the Elimination of double taxation with Cyprus.

Why PrivatBank Cyprus?

If you work in international markets or only plan to do so, PrivatBank Cyprus will become a safe and convenient system of mutual settlements with your business partners:

- All payments are processed within one operational day. Unlike local banks, PrivatBank Cyprus works even after standard business hours.

- Payments within the PrivatBank system, including money transfers to PrivatBank Ukraine and PrivatBank Latvia, are done at preferential rates.

- Using our bank, you can make settlements with your partners in such limitedly convertible currencies as Russian roubles, Belarus roubles, Moldovan leu, Kazakhstan tenge, as well as convert of these currencies.

- We give you the opportunity to use a multicurrency clearing service and make settlements with PrivatBank Ukraine clients in the absence of available funds to clear mutual obligations.You do not even need to visit the bank and to take out a loan.

PrivatBank Cyprus will provide the following services:

  • consulting on registering companies with various jurisdictions;
  • opening and managing current accounts services, learn more;
  • competitive deposit rates, learn more
  • preferential payments to PrivatBank Ukraine and PrivatBank Latvia;
  • express money transfers PrivatMoney within 10 minutes, learn more;
  • overdraft crediting (with prior approval by the Bank);
  • documentary and guarantee operations: import and export documentary letters of credit, documentary collection, bank guarantees;
  • international plastic cards: corporate, personal, debit and credit cards, competitive fees, in USD and EUR, learn more;
  • covering business trip and representation fees, as well as payment of bonuses to foreign company employees and proxies;
  • currency exchange transactions in all basic currencies (except for Ukrainian hryvnia);
  • services for crewing and shipping companies, learn more;
  • modern technologies in providing updated information about the account activity;
  • efficiency, confidentiality of services in accordance with European standards.

JSC CB «PRIVATBANK», Cyprus branch Privacy Statement

JSC CB «PRIVATBANK», Cyprus branch (referred to as ‘we’, ‘us’, ‘our’, ‘Cyprus branch’ or the ‘Bank’) is committed to protecting your privacy and handling your data in an open and transparent manner. The personal data that we collect and process depends on the product or service requested and agreed in each case.

Learn more

Bank Directors

Kostiantyn Shevchenko

General Manager of JSC CB «PRIVATBANK», Cyprus branch

Zyabrykova Viktoriya

Chief Accountant of PrivatBank Cyprus

Gerasymenko Mykola

Head of IT Department of PrivatBank Cyprus