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Bank Of Cyprus Earns ‘Best Private Bank Cyprus 2025’ Accolade

by News Editor

March 17, 2025

The esteemed Global Banking & Finance Review has recognized Bank of Cyprus with the coveted ‘Best Private Bank Cyprus 2025’ award. This accolade firmly cements the bank’s status as a leader in the financial sector of Cyprus.

In their announcement, the bank highlighted this honor as a reflection of their commitment to exceptional Private and Affluent banking services, tailored perfectly to meet the diverse needs of high-net-worth individuals. Central to their success is the PrivilEDGE Value Proposition, a bespoke service offering personalized relationship management and unique lifestyle perks.

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Christos M. Ioannou, Head of Private and Affluent Banking, expressed, “Being recognized as the Best Private Bank in Cyprus for 2025 demonstrates our persistent dedication to providing bespoke banking services and personalized investment solutions to our clients.”

The Global Banking & Finance Review Awards aim to acknowledge global institutions for their outstanding performance and leadership. This award solidifies Bank of Cyprus’s position in the market and its unwavering drive to exceed client expectations.

For more insights into Cyprus’s exceptional advancements, consider exploring why Larnaca was named Green City of Cyprus.

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Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

by THEFUTURE.TEAM

September 12, 2025

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

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Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.