Best Subcustodian Bank 2012
Global Finance” has named the Custody Department of Bank of Cyprus as the best sub-custodian in Cyprus
The international financial magazine “Global Finance” has named the Custody Department of Bank of Cyprus as the best sub-custodian in Cyprus. This new international recognition awarded to the Bank of Cyprus is in the context of “World’s Best Sub-Custodian Banks awards 2012”, organized by the internationally acclaimed financial magazine.
The selection of the sub-custodian was based on certain criteria such as financial and other data obtained from the Custody Departments operating in Cyprus as well as Clients’ feedback.
This award acknowledges 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).
In obtaining this award, Bank of Cyprus has once again achieved international recognition through the continuing provision of high quality services to its clients.