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Eurobank Cyprus Dominates Euromoney Private Banking Awards 2025 With Four Prestigious Wins

by THEFUTURE.TEAM

March 28, 2025

Eurobank Cyprus has once again solidified its position as a leader in private banking, securing four top honors at the Euromoney Private Banking Awards 2025 in London.

The bank was recognized as Cyprus’s Best International Private Bank, Best for Ultra-High Net Worth (UHNW) Clients, Best of Discretionary Portfolio Management, and Best for Alternative Investments, reaffirming its reputation for excellence in wealth management.

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“These accolades reflect our unwavering commitment to delivering world-class banking services and bespoke financial solutions,” Eurobank Cyprus stated. “They also highlight the trust our clients place in us and the expertise of our Wealth Management team.”

A Proven Model For Success

At the heart of Eurobank Cyprus’s success is its innovative private banking model, developed in collaboration with the Eurobank Group. Operating across four key financial hubs—Cyprus, Luxembourg, Greece, and the United Kingdom—this model provides an extensive suite of tailored investment and financial services.

“We take great pride in this recognition,” said Marios Hadjikyriacos, Head of Wealth Management at Eurobank Cyprus. “Winning for the ninth consecutive year is a testament to our leadership in private banking and our team’s relentless focus on advisory excellence.”

Looking ahead, Hadjikyriacos emphasized the bank’s dedication to continuous innovation and evolution. “We are committed to staying at the forefront of the industry, ensuring our clients receive the highest level of service and financial expertise.”

Leveraging Technology For Financial Growth

Recognizing the growing role of technology in wealth management, Eurobank Cyprus has invested in cutting-edge digital solutions, including its proprietary wealth portal. This platform empowers clients with real-time access to portfolio management tools, ensuring seamless financial oversight and strategic investment decision-making.

The bank’s comprehensive private banking services cater to a diverse clientele, offering everything from specialized lending solutions, such as Lombard investment loans, to custom investment financing across Cyprus, Greece, and the UK.

Setting The Standard In Private Banking

For over two decades, the Euromoney Private Banking Awards have been the gold standard in recognizing excellence in wealth management. These awards celebrate institutions that demonstrate outstanding performance across categories, including high and ultra-high-net-worth services, family office solutions, discretionary portfolio management, and digital innovation. By securing multiple top accolades, Eurobank Cyprus has once again proven itself as a powerhouse in private banking, setting new benchmarks in client service, financial expertise, and strategic investment solutions.

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Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM

November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.