Breaking news

Bank Of Cyprus Bond Issuance Garners International Acclaim

The Bank of Cyprus has been honoured with the “Best Financial Institution Bond in Southeast Europe” award by EMEA Finance for its issuance of Additional Tier 1 (AT1) capital securities worth €220 million in June 2023. This accolade highlights the bank’s financial and operational strength, particularly significant as the bond issuance successfully reopened this market segment following the collapse of Credit Suisse.

The AT1 issuance was met with extraordinary demand, with an order book oversubscribed over twelve times, exceeding €2.75 billion. This overwhelming investor interest underscores the bank’s solid reputation and market confidence in its financial health and strategic direction.

Bank of Cyprus CEO Panicos Nicolaou praised this achievement, viewing it as a milestone that aligns with the bank’s 125th anniversary celebrations. He noted that the successful bond issuance is a testament to the bank’s progress and resilience, reflecting its strategic initiatives aimed at strengthening its capital base and supporting sustainable growth.

The recognition from EMEA Finance places the Bank of Cyprus at the forefront of financial innovation and stability in the region. The award not only celebrates the bank’s past accomplishments but also sets a solid foundation for future endeavours in the evolving financial landscape.

The bond issuance and subsequent award signify a significant achievement for the Bank of Cyprus, reinforcing its position as a leading financial institution in Southeast Europe. As the bank continues to navigate the complex economic environment, this accolade serves as a reaffirmation of its strategic vision and commitment to excellence.

Bank Of Cyprus Launches Cybersecurity Programme For Students In Limassol

Bank of Cyprus launched a cybersecurity initiative in Limassol as part of its “The Young Ask and Provide Solutions” programme, involving students in simulated cyberattack scenarios. The programme focuses on practical training in cyber defense and awareness of risks linked to digital infrastructure.

Innovative Collaboration And Real-World Challenges

In partnership with the Education Ministry and non-profit organization TechIsland, the programme provided a robust platform for young minds to confront realistic cyberattack simulations. Held at the modern Limassol regional offices of the Bank of Cyprus, the interactive space enabled 60 secondary school students from across the region to collaboratively tackle the complex threats facing national digital infrastructure.

Practical Exercises And Strategic Insights

Participants took part in workshops built around cyberattack scenarios. Tasks included identifying prevention strategies, planning response measures, and proposing public awareness approaches. The exercises focused on coordination and decision-making during cyber incidents.

Empowering Tomorrow’s Leaders

According to Elli Ioannidou, the programme is designed to combine theoretical knowledge with practical experience. She said the initiative aims to help students understand real-world challenges and develop problem-solving skills. Additional input was provided by Marios Stavrou, who noted that managing cyber incidents requires coordination across multiple teams and functions.

Building A Resilient Cyber Ecosystem

Experts, including Mathaios Panteli and Tanya Romanyukha highlighted the importance of early digital skills and cybersecurity awareness. Their comments focused on preparing the future workforce skills needed for managing digital risks. The programme forms part of broader efforts to strengthen cybersecurity awareness and education in Cyprus.

The Bank of Cyprus remains committed to investing in forward-thinking initiatives that inspire youth and enhance community awareness. Through these targeted efforts, the bank is not only addressing immediate security challenges but also contributing to a future where advanced technology and robust cyber defense mechanisms coexist seamlessly.

Uol
eCredo
The Future Forbes Realty Global Properties
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter