AstroBank named Best Private Bank in Cyprus for second consecutive year

AstroBank has been named Best Private Bank – Cyprus at the Global Private Banking Innovation Awards 2024 for the second consecutive year.

The award was presented by Global Private Banker during a ceremony in London on 5 June, alongside other global financial and investment institutions, with the jury highlighting the innovative solutions to high-net-worth individuals offered by AstroBank's Private Banking Division.

"Τhis way, AstroBank grew its total assets while enjoying continued revenue growth. By making strategic investments to upgrade its digital capabilities, the Bank offers its clients personalised wealth preservation services," the jury members said, explaining the rationale behind their decision.

AstroBank, Head of Private Banking, Treasury & ESG, Charis Kynigou, expressed her gratitude, noting that the award is a recognition of the Bank's commitment to providing quality services and products, but also serves as a powerful incentive to continue growing.

“Building long-term relationships based on mutual trust is at the core of our philosophy. We take great pride in offering high-quality private banking services that cater to the unique needs of our clients. This award is a testament to our commitment to providing bespoke solutions aligned with our clients' personal growth expectations.”

AstroBank has developed a private banking customer base, which is significant considering its size and overall market share in Cyprus. At the same time, its collaboration with reputable and renowned foreign investment firms and credit institutions, enable AstroBank to offer clients a high quality of service, it said in a press release.

It is worth noting that the Global Private Banking Innovation Awards 2024, recognise the best entries on the basis of a specific evaluation framework developed by Global Private Banker. Key evaluation criteria include digital innovation, client experience, financial and business performance, and corporate strategy.