"Bank of the Year 2011"

International award for Bank of Cyprus

by The Banker magazine

The Bank of Cyprus was named “Bank of the year 2011” in Cyprus by the prestigious international financial affairs publication The Banker, during its annual “Bank of the Year Awards 2011.”

The “Bank of the Year Awards,” which is now in its twelfth year, is organized by The Banker magazine, with the aim to evaluate and award the top financial institutions in 147 countries.

The judging committee examines and assesses the participating banks by their asset and Tier I capital growth, and their earnings and returns on equity. It also evaluates the ways in which the participating banks upgrade the level of the markets in which they operate through the use of new technologies, new innovations, and cost effective ways of business development.

This award is one more international recognition for the strategy followed by the Bank of Cyprus Group.

The award was received on behalf of the Bank of Cyprus by Mr. Soteris Antoniades, Assistant Executive Director, in a formal ceremony held in London on November 30th.

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