Bank Of Cyprus Fortifies Talent Development With Third Year Of BoC Academy

by THEFUTURE.TEAM

January 9, 2026

Elevating Employee Expertise

The Bank of Cyprus has reaffirmed its commitment to empowering its workforce by announcing the third year of the BoC Academy, an initiative designed to cultivate skills in line with a rapidly evolving banking landscape.

Expanding Academic Horizons

Launched three years ago, the programme was established to strengthen competencies and broaden knowledge across the organisation. Since its inception, the Academy has grown in both scope and academic partnerships, underlining the bank’s proactive approach to staff development.

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Milestones And Strategic Partnerships

The academic year 2024–2025 marked significant milestones, including two graduation ceremonies: the first in June in collaboration with CIM Business School, and a subsequent ceremony in early December with the University of Cyprus. During this period, 26 employees successfully earned professional certificates in seven distinct disciplines, while four staff members secured full scholarships for the MBA postgraduate programme at the University of Cyprus.

Leadership Insight

Demetris Chr. Demetriou, Executive Director of People And Change, emphasized the bank’s collective achievements by stating, “We are proud of our people and what we achieve together.” Demetriou further described the BoC Academy as more than just a programme, calling it a “testament to our dedication and commitment to knowledge and continuous development.”

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Societe Generale Bank Cyprus Introduces Four-Day Workweek Under New Labour Agreement

by THEFUTURE.TEAM

March 9, 2026

The Societe Generale Bank – Cyprus has introduced a four-day workweek for employees during July and August under a renewed collective agreement with the banking union ETYK.

Setting A New Standard For Banking Institutions

Societe Generale Bank Cyprus employs around 100 staff members. The new agreement introduces a reduced working schedule during the summer months as part of the collective contract for 2023–2027.

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ETYK supported the introduction of the four-day schedule during negotiations for the agreement. Other financial institutions, including Bank of Cyprus, Eurobank Ltd, Alpha Bank, National Bank of Greece (Cyprus), the Housing Finance Organization, the Bankers Association representing personnel, KEIDIPES and several insurance subsidiaries, signed separate agreements with ETYK that do not include a four-day workweek.

Key Provisions And Broader Implications

The collective agreement introduces a four-day workweek during July and August. Employees will work their regular daily hours across four days on a rotational basis while banking services continue throughout the week.

Additional provisions in the agreement include several benefits for employees. Staff will receive a one-time bonus of €1,500 upon signing the contract, a three-day increase in annual leave, adjustments to salary scales and higher contractual loan limits.

Comparative Analysis With Industry Peers

The agreement differs from arrangements negotiated between ETYK and the Banking Employers Association. Under those agreements, employees received an additional six days of annual leave. The Societe Generale Bank Cyprus agreement provides a three-day increase, bringing total annual leave to 36 days, excluding public holidays.

The bonus structure also differs. Agreements with the Banking Employers Association include a total bonus of €4,500 paid in three installments in 2025, 2026 and 2027. Societe Generale employees receive a single payment of €1,500.

Looking Forward

ETYK said the introduction of a four-day workweek during the summer months reflects discussions about working conditions in the banking sector. The arrangement may contribute to broader discussions about work schedules and employee benefits within the financial industry in Cyprus.

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