Bank Of Cyprus Clinches Prestigious Private Banking Award In A Robust Expansion Drive

by THEFUTURE.TEAM

November 26, 2025

Excellence Recognized On The Global Stage

The Bank of Cyprus, a pillar in the financial services sector, has been distinguished as the ‘Best Private Bank In Cyprus 2026’ by Global Finance. This accolade cements the bank’s preeminent position within the local private banking arena and underscores its relentless pursuit of excellence.

Strategic Expansion And Innovation In Wealth Management

In a dynamic market landscape, the bank has demonstrated a clear strategic focus by expanding its Private and Affluent Banking operations and aligning them with international standards. By investing heavily in comprehensive wealth management solutions and innovative product offerings, Bank of Cyprus has successfully tailored its services to meet the bespoke needs of high-net-worth clients.

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Commitment To Client-Centric Excellence

Christos M. Ioannou, Head of Private and Affluent Banking at Bank of Cyprus, emphasized that the award is both an honor and a reflection of the bank’s sustained commitment to superior service delivery. He stated, “This accolade is a testament to the dedication, hard work and collective effort of our team, reaffirming our pledge to offer outstanding private banking services rooted in trust, market intelligence, and unwavering professionalism.”

Global Recognition And Future Outlook

The award, an integral part of Global Finance’s annual assessment, evaluates institutions on performance, strategic planning, client service quality, and relationship management. With its continued focus on delivering value-added solutions and a wholly personalized client approach, Bank of Cyprus not only celebrates its current achievements but also looks forward to consistently surpassing client expectations in the years ahead.

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Eurobank Approves €258.7M Dividend And €288M Share Buyback

by THEFUTURE.TEAM

April 29, 2026

Robust Dividend And Share Repurchase Initiatives

Eurobank S.A. shareholders approved a dividend distribution of €258.7 million at the annual general meeting held on April 28. The resolution was supported by approximately 77% of paid-up capital, representing more than 2.77 billion voting shares. The dividend will be paid from special reserves and remains subject to approval by the European Central Bank.

Strategic Share Buyback And Capital Optimization

In addition, shareholders approved a share buyback programme of up to €288 million over the next 12 months, pending regulatory clearance. The programme includes the cancellation of 28,097,019 own shares, which will reduce share capital by approximately €6.18 million. Following this adjustment, total share capital is set at €792,751,032.04, divided into around 3.6 billion ordinary voting shares with a nominal value of €0.22 each.

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Enhanced Executive And Employee Incentives

Alongside capital measures, the meeting addressed remuneration. Shareholders approved an allocation of €35.2 million from special reserves for employee compensation. A five-year programme was also introduced to distribute shares to eligible executives and employees of Eurobank and affiliated entities. In parallel, a revised variable remuneration framework allows selected senior executives to receive up to 200% of fixed pay.

Governance And Audit Oversight Reforms

Changes were also made at the board level. Alexandra Reich was appointed as an independent non-executive director, replacing Jawaid Mirza. Following this appointment, eight of the thirteen board members are classified as independent. Amendments to the articles of association introduce flexibility in board terms and allow partial renewals.

Strengthening Audit And Sustainability Commitments

On the audit side, KPMG Certified Auditors S.A. was appointed as the statutory auditor for 2026. The fee is set at €1.8 million for statutory audits of separate and consolidated financial statements, with an additional €0.3 million allocated for assurance of the sustainability statement. The meeting also approved the 2025 remuneration report and confirmed committee fee arrangements, alongside updates on audit committee activity and independent director reporting.

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