Global Finance, one of the leading international publications focused on banking and finance, has named Bank of Cyprus the Best Bank and the Best Investment Bank in Cyprus in its 2024 awards.

These award wins are particularly important for the Bank as they recognise the significant achievements of Bank of Cyprus during 2023, such as the strong financial and operational performance and the recommencement of dividend payments after a 12-year hiatus while expanding its digital offering to customers.

On naming Bank of Cyprus the winner of these awards, Global Finance said:

“In a milestone year for the bank, Bank of Cyprus has completed a significant transformation in to a well-capitalised and diversified banking group. With a pre-tax profit of €487 million in 2023, the bank has delivered a strong performance with a commitment to sustainable growth and further developing innovative banking products”.

Commenting on the awards, Panicos Nicolaou, CEO of Bank of Cyprus said:

“We are delighted to be named Best Bank and Best Investment Bank in Cyprus by renowned banking and finance magazine, Global Finance. This award is international recognition of the strong financial and operational performance as well as the innovative products and services that we delivered in 2023 while supporting the Cypriot economy and creating sustainable value for our shareholders”.

All of the winners of Global Finance’s Best Bank awards can be seen here, and the winners of its Best Investment Bank awards can be seen here. Global Finance’s article on the winners of its Best Bank awards in Western Europe can be seen here.