New International Distinction for the Bank of Cyprus

The prestigious Global Finance financial magazine

honours the Bank of Cyprus with the title of Best Bank in Cyprus

According to the Global Finance financial magazine, the Bank of Cyprus is the Best Bank in Cyprus in the category of Developed Markets. This new international award for the Bank of Cyprus was obtained during the annual World’s Best Banks Awards 2011, organised by the internationally acclaimed financial magazine. The winners of this year’s Awards were banks which succeeded in responding to the needs of their clients, achieving strong results and laying the foundations for future success.

The best banking organisations in 25 countries were selected by the editorial team of Global Finance, in cooperation with a team of bankers, financial analysts and other executives from the international financial sector. A number of objective criteria were examined in an international perspective, such as growth rate of assets, profitability, geographical expansion, creation of strategic relations, new business activities as well as the planning and provision of innovative banking products and services. The assessments of banking and investment consultants and analysts as well as key players from the broader banking industry were also taken into consideration in making the final decision.

Having satisfied fully the above criteria, the Bank of Cyprus was awarded in the category of Developed Markets of the World’s Best Banks Awards as the best bank in the Cyprus market, achieving yet another international recognition.

The internationally acclaimed Global Finance financial magazine has been in circulation for 24 years and has thousands of readers in a total of 163 countries

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