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Bank Of Cyprus Named Best Sub-Custodian Bank In Cyprus 2026 By Global Finance

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Bank of Cyprus has been named “Best Sub-Custodian Bank in Cyprus 2026” by Global Finance, one of the world’s leading international financial publications, reinforcing the Bank’s strong position in Cyprus’ custody and post-trade services market.

The award recognizes excellence across key areas of asset servicing, including operational efficiency, technology, client service and regulatory expertise. The award highlights financial institutions that consistently provide high-quality custody solutions and effectively respond to the increasingly complex needs of institutional and private investors.

The distinction reflects Bank of Cyprus’ commitment to safeguarding client assets and delivering reliable, high-quality custody and depositary services to institutional and private investors. It also acknowledges the Bank’s ongoing investment in innovative, client-focused post-trade solutions, underpinned by strong governance, regulatory compliance and extensive market expertise.

Recognising Excellence in Asset Servicing

Commenting on the recognition, Despina Kyriakidou, Treasury Director at Bank of Cyprus, said:

“This award is an important recognition of the expertise, commitment and consistently high standards of our teams. Custody and depositary services are fundamentally built on trust, reliability and the ability to navigate an increasingly complex investment and regulatory environment. At Bank of Cyprus, we continue to invest in our capabilities and technology, while remaining focused on the evolving needs of our clients. This distinction by Global Finance reinforces our commitment to providing secure, efficient and high-quality solutions to institutional and private investors.”

Comprehensive Custody And Depositary Services

Bank of Cyprus is a leading provider of custodian services to institutional and private investors, supported by a highly experienced and specialised team with extensive knowledge of the local and international investment environment. The Bank supports a broad range of investment activities through comprehensive asset safeguarding and tailored servicing solutions.

Its offering also includes specialised Depositary services for Collective Investment Funds, including UCITS and Alternative Investment Funds (AIFs), providing cash monitoring, safekeeping and oversight services that support domestic and international clients in navigating increasingly complex global markets safely and efficiently.

The award further strengthens Bank of Cyprus’ position as a trusted partner to the financial and investment industry and reflects its ongoing commitment to service excellence, innovation and the highest standards of asset servicing.

Morningstar DBRS Upgrades Cyprus Outlook To Positive, Citing Strong Fiscal Performance

Cyprus President Nikos Christodoulides welcomed the confirmation of the country’s “A” credit rating and an upgrade in its outlook, saying the decision reflects the economy’s momentum and prospects.

In a post on X, Christodoulides said Cyprus is continuing on an upward path while advancing reforms aimed at strengthening competitiveness, resilience and credibility.

Fiscal Discipline Supports Investor Confidence

The rating decision points to the role of fiscal policy in Cyprus’ improving credit profile. Credit ratings remain an important indicator of a country’s institutional strength, borrowing capacity and macroeconomic stability.

For Cyprus, stronger public finances could support investor confidence and improve access to financing over time. A stronger credit outlook may also give the government more flexibility to support economic growth while maintaining fiscal discipline.

Reforms And Growth Create More Policy Space

Christodoulides said responsible fiscal policy and the government’s broader economic strategy are producing measurable benefits, including more and better-paid jobs, higher disposable income and new investment.

He added that these improvements are creating greater policy space to address citizens’ needs while continuing reforms designed to strengthen the economy.

Government Plans To Maintain Course

Christodoulides said his administration would continue pursuing its economic strategy with a focus on responsibility, consistency and reforms aimed at building a more competitive and resilient economy.

The latest rating action adds to recent evidence of improved fiscal conditions and Cyprus’ stronger position in international financial markets.

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