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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.

Cyprus Loan Growth Accelerates To 14% In September

Lending in Cyprus accelerated in September, with the annual growth rate of total loans reaching 14%, up from 11.8% in August. Deposits also recorded a stronger monthly increase, according to the Central Bank of Cyprus (CBC).

Total deposits rose by a net €697.1 million to €60.2 billion at the end of September. Total loans increased by €857.8 million to €29.6 billion, according to the CBC’s October 2026 Monetary and Financial Statistics.

Deposit Growth Strengthens

Deposits recorded a monthly increase of €697.1 million, more than four times the €171.5 million rise in August. However, the annual growth rate remained unchanged at 6.5%.

Deposits held by Cyprus residents increased by €639.9 million. Household deposits rose by €93.8 million, while deposits held by non-financial corporations grew by €373 million. Other domestic sectors contributed a further €173.1 million.

Annual Loan Growth Reaches 14%

Total loans increased by a net €857.8 million in September, compared with €114.6 million in August. The annual growth rate accelerated to 14%, up from 11.8% a month earlier.

Lending to Cyprus residents rose by €470.8 million. Loans to households increased by €52.2 million, while lending to non-financial corporations grew by €110.1 million. Other domestic sectors recorded a larger increase of €308.5 million.

The figures cover deposits and loans held by monetary financial institutions in September 2026.

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