Bank of Cyprus receives Quality Recognition Award from JP Morgan Chase

Press Release 09:30 - 06 March 2025

Companies

For the fourth consecutive year, Bank of Cyprus has earned the Quality Recognition Award from banking giant JP Morgan Chase Bank. The award is given in recognition of the bank's excellent funds transfer processes under SWIFT.

JP Morgan is one of the correspondent banks with whom Bank of Cyprus works for transactions in US dollars. The award was presented to Bank of Cyprus, given that nearly 100% of the payments effected in 2024 were processed directly (Straight-Through Processing) without the need for any manual intervention on JP Morgan’s part.

The Quality Recognition Award underlines the excellent quality of services and processes deployed by Bank of Cyprus. The award recognises the correspondent banks that have attained operational excellence in funds transfers.

Commenting on the award, Despina Kyriakidou, Director Treasury at Bank of Cyprus said: “Providing quality services to customers and partners alike, is the cornerstone of all our efforts. Particularly when it comes to working with correspondent banks, we demonstrate on a daily basis that we are a reliable partner to the largest banking groups globally. We will continue to provide excellent services, while applying the highest international compliance standards.”

Bank of Cyprus receives Quality Recognition Award from JP Morgan Chase

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