Financial Services category powered by

Bank of Cyprus wins 2 awards for Best Bank from Global Finance

Global Finance, one of the leading international publications focused on banking and finance, has named Bank of Cyprus the Best Bank and the Best Investment Bank in Cyprus in its 2024 awards.

These award wins are particularly important for the Bank as they recognise the significant achievements of Bank of Cyprus during 2023, such as the strong financial and operational performance and the recommencement of dividend payments after a 12-year hiatus while expanding its digital offering to customers.

On naming Bank of Cyprus the winner of these awards, Global Finance said:

“In a milestone year for the bank, Bank of Cyprus has completed a significant transformation in to a well-capitalised and diversified banking group. With a pre-tax profit of €487 million in 2023, the bank has delivered a strong performance with a commitment to sustainable growth and further developing innovative banking products”.

Commenting on the awards, Panicos Nicolaou, CEO of Bank of Cyprus said:

“We are delighted to be named Best Bank and Best Investment Bank in Cyprus by renowned banking and finance magazine, Global Finance. This award is international recognition of the strong financial and operational performance as well as the innovative products and services that we delivered in 2023 while supporting the Cypriot economy and creating sustainable value for our shareholders”.

All of the winners of Global Finance’s Best Bank awards can be seen here, and the winners of its Best Investment Bank awards can be seen here. Global Finance’s article on the winners of its Best Bank awards in Western Europe can be seen here.

Read More

Bank of Cyprus: Shareholders greenlight the dividend and Board members elected and re-elected
Takis Arapoglou: “2023 was a year we fully reaped the benefits of the Bank’s transformation”
Panicos Nicolaou: Strong performance for Bank of Cyprus with a distribution over six-times higher than 2023
Cyprus joins the International Propeller Club of the United States (pics)
International and local experts address the 7th Cyprus HealthCare Conference (pics)
Supporting rural areas is a primary goal for the government, President says
AstroBank: Investment opportunities in Paphos
Cyprus hosting regional Ministerial Meeting on immigration
Fokion Karavias: “All our strategic initiatives, including Hellenic Bank in Cyprus, are on track”
Leptos Group: Paphos remains the champion of property sales to foreign nationals