Bank of Cyprus Honored with JP Morgan’s Quality Recognition Award

by News Editor

March 6, 2025

In a remarkable achievement, Bank of Cyprus has received JP Morgan Chase Bank’s esteemed Quality Recognition Award. This accolade acknowledges the bank’s exceptional high-quality funds transfer services via the SWIFT system.

JP Morgan, one of the trusted correspondent banks collaborating with Bank of Cyprus for dollar transactions, highlighted the bank’s impressive track record. Nearly 100% of the bank’s approved payments were processed flawlessly through Straight Through Processing, eliminating the need for any manual intervention by JP Morgan.

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This recognition is a testament to the operational excellence and commitment of the Bank of Cyprus in maintaining superior service quality and robust processes. Their treasury director, Despina Kyriakidou, emphasized the bank’s dedication to providing top-tier services globally while adhering to the highest international compliance standards.

Explore how Cyprus’ flourishing tourism sector and strategic financial advancements shape the economic landscape.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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