International Award for Bank of Cyprus Private Banking
Best Private Bank 2016 in Cyprus - Global Private Banking Awards 2016 by The Banker / PWM magazine
Bank of Cyprus has been awarded Best Private Bank 2016 in Cyprus for first time by the internationally renowned The Banker and PWM Magazine (Professional Wealth Management), which are part of the Financial Times Group.
The Global Private Banking Awards 2016 are further major accolades for the Bank of Cyprus Group, accrediting it as one of the top Private Banking financial institutions in the world. This is another major international distinction which confirms the successful path taken by the Bank of Cyprus Group, placing it among the world’s top financial institutions offering private banking services.
This award confirms the high quality of service provided to customers who have placed their trust in Bank of Cyprus Private Banking. It further demonstrates the success of the strategy adopted by the Bank in offering its customers bespoke and integrated products and services in the field of wealth management.
In today’s volatile and uncertain environment the recognition by The Banker and PWM Magazine demonstrates the ability of Bank of Cyprus to provide effective solutions to clients and its fundamental role in assisting the Cypriot economy.
The annual Global Private Banking Awards 2016 by The Banker / PWM magazine are given based on qualitative and quantitative information on private banks worldwide. The ranking is established by an expert panel of professionals in the wealth management industry in Europe, Asia and the United States. Quantitative data was also screened by PWM/The Banker’s judges.
Private Banks are judged on the progress they have made in their business/growth strategy and how they are able to boost inflows and profits. They evaluate on their client relationship management blueprints and are asked how they have adapted portfolio management, asset allocation and product strategy to meet investors' changing needs and attitude to risk.