Global Finance World's Best Sub-Custodian Banks Awards

The international financial magazine “Global Finance” has again named the Custody Department of Bank of Cyprus as the best sub-custodian in Cyprus for 2014.  The same recognition was awarded in 2012. These international recognitions awarded to the Bank of Cyprus are in the context of “the World’s Best Sub-Custodian Banks awards 2012”,  and “the World’s Best Sub-Custodian Banks awards 2014”, organized by the internationally acclaimed financial magazine.

The selection of the sub-custodian is based on certain criteria such as financial and other data obtained from the custody units of banks operating in Cyprus as well as clients’ feedback.

Our awards acknowledge the high quality of the custodian services provided to the clients of the Bank of Cyprus. The Custody Department of the Bank of Cyprus offers the full spectrum of custodian services for investments in the Cyprus, Greek and foreign markets. Services offered include settlement of transactions, safe-keeping of titles, monitoring and processing of corporate actions, proxy voting in general meetings, collection of dividends and interest coupons, withholding taxation at source and tax reclamations for taxation withheld. Furthermore, the Department provides custodian and other specialized services for International Collective Investments Schemes (ICIS) and can serve as custodian for Undertakings For Collective Investment Of Transferable Securities (UCITS) and other non-UCITs products, widely known as Alternative Investment Funds (AIF).

In obtaining this award, Bank of Cyprus has once again achieved international recognition through the continuing provision of high quality services to its clients.

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