The international magazine “Global Banking and Finance” has awarded Laiki Bank the title of “Best Custody Bank in the Mediterranean 2012”.

The selection of the best banks was based on market research by the magazine in cooperation with various analysts in the field of Custody. This award is in recognition of the high quality of service provided by the Bank’s Custody Unit and our commitment to continually improve the quality of service to our customers and the development of our business.

The Custody Unit, which falls under Wealth Management Division, provides services to Cypriot and foreign customers, both private individuals and institutional investors such as Provident Funds, International Collective Investment Schemes, Insurance companies, Investment companies, etc. Furthermore, foreign banking institutions and custodians appoint Laiki Bank as their sub-custodian for the local market.

Laiki Bank is one of the leading providers of custodian services in Cyprus. The wide range of services includes the following:

• Safekeeping of physical and dematerialised securities.
• Settlement of investment transactions in securities listed on international stock exchanges and on the Cyprus and Athens Stock exchanges.
• Administration of securities.
• Information and execution of corporate actions, such as collection of coupon/ dividend payments, reinvestment in shares, proxy voting services etc.
• Specialised services to funds, including International Collective Investment Schemes.

Taking into account all the latest developments in the market, the role of the custodian is becoming increasingly important. Laiki Bank therefore continuously invests in enhancing its custodian services making it more responsive to the market and leading to greater recognition from specialists in the field.