RCB, Cyprus’s second largest bank, is looking to get into ship finance, Splash can exclusively reveal.
Executives from the 1995-established bank are in Athens this week to attend Posidonia, the famous Greek shipping show, as they gear up to enter the shipping sector.
“We’ve got lots of liquidity and think this could be a good sector for us to get in,” a source at the bank told Splash.
RCB Bank is 46% owned by Russia’s VTB. It hit the headlines earlier this year when it was revealed via the documents leaked from a Panamanian law firm – an exposé known as the Panama Papers – that RCB moved as much as $2bn in offshore transactions linked to associates of Russian president Vladimir Putin.