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PRIVACY POLICY
Laiki eBank's Data Protection Policy
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Express consent and statement of acknowledgment by the Account Holder whenever he is a natural person in relation to the collection and processing of personal data
Laiki Group is obliged to take all necessary measures for the collection, protection and processing of the Account Holder's personal data in accordance with the provisions of the Processing of Personal Data (Protection of Individuals) Law 2001. To achieve this purpose, Laiki Group has established the following Data Protection Policy which the Account Holder expressly consents to and acknowledges.
It is hereby stated in full comprehension of the same that the Account Holder expressly consents to the processing by Laiki Group (term which includes the Cyprus Popular Bank Ltd and its subsidiaries) of his personal data, whether sensitive or not, in accordance with the provisions of the Processing of Personal Data (Protection of Individuals) Law 2001.
Data includes information relating to the Account Holder which has been given or shall be given in the future to any company of Laiki Group,
- by the Account Holder, during the submission of applications or execution of any other transaction with any company of Laiki Group, or
- has been secured by third persons, (like eg. coowners of joint accounts, persons I shall guarantee, persons referring/ introducing me or the Central Register for Dishonoured Cheques or other similar archives or organizations which exist today or may possibly exist in the future or other persons connected in any way with the Account Holder), or
- has been extracted through the operation of the Account Holders’ account or through goods and services secured by him from Laiki Group.
Processing includes the collection, recording, organization, maintenance, storage, amendment, extraction, use, transfer, transmission or any other form of distribution, the correlation or the combination, the linking, locking, deletion or destruction of the data.
Purpose of the processing
Laiki Group shall maintain archives and shall process the data for:
- The purpose of supporting, promoting and servicing the transactional relationship of the Account Holder with the Group which includes and is not limited to the provision of financial, credit, investment, insurance, factoring and invoice discounting services
- The purpose of debt collection, credit assessment, confirmation of the Account Holders’ identity, the prevention of other offences including money laundering, scientific research, and for statistic and historical purposes
- The purpose of credit scoring which may be carried out by using fully automated methods
Furthermore the data may be the subject of processing for the purpose of promoting the sale of goods or the provision of services from a distance which includes the Account Holder being informed of any service, product or scheme offered from time to time by Laiki Group or other selected third persons through the post and/or the telephone and/or the internet and/or otherwise and he expressly consents to the processing of his data for this purpose.
Confidentiality and the recipients of the data
All the personal data of the Account Holder, subject to where applicable the provisions of the law relating to Bankers confidentiality, shall be maintained absolutely confidential and shall be treated with confidentiality by Laiki Group and its authorised and appropriately trained for the handling/processing of data employees. Information relating to the Account Holder shall not be disclosed to third persons unless as follows:
- Upon the Account Holders’ request or with his consent
- Upon him being declared bankrupt
- If required by Law or court order
- If disclosed within the framework of any court proceedings between the Account Holder and Laiki Group
- If it is in the public interest to do so or if necessary for the protection of the Banks’ interests
- If necessary for the maintenance and operation of the Central Register of Dishonoured Cheques
- If disclosed to persons/associates which provide support services to Laiki Group in relation to its computer systems and to the Groups’ operation in general including JCC Payment Systems Ltd, in the case of credit and debit cards and interbank remittances as well as in any other cases deemed appropriate by Laiki Group.
Laiki Group shall use representatives or suppliers or dealers or associates to collect and process the personal data of the Account Holder on behalf of the Group. The obligation for maintaining absolute confidentiality shall bind them and the processing shall be done under the guidance of Laiki Group and shall be supported by a written agreement.
Furthermore, the Account Holder expressly consents to the correlation and combination of the archives of his personal data maintained by Laiki Group, the transmission of the data to companies associated with Laiki Group which are situated within or outside the European Union, and the correlation and combination of the archives of data maintained by Laiki Group with any archive or archives of his personal data maintained by these associated companies. In these cases Laiki Group is obliged to ensure that the same level of protection as provided by Cyprus Law is maintained.
Right of access and rectification
Under the provisions of the Processing of Personal Data (Protection of Individuals) Law 2001 the Account Holder has the right of access to and rectification of the data and the right of objection upon his written application and payment of the relevant sum.
Whenever requested and/or deemed necessary by Laiki Group the Account Holder shall provide his assistance for the fulfillment of and/or compliance with the above. The Controller of the Account Holders’ personal data is the Cyprus Popular Bank Ltd.
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