The Bank of Cyprus is pleased to announce that under the new Pronomia plan, it will reward the members of the plan who maintain a Mortgage Loan and have been consistent in their repayment schedule. The aim is to support consistent borrowers, who were affected by the previous interest rate increases of the European Central Bank (ECB) and Euribor.

Through the new program, in January 2025, the Bank will allocate a total of 3 million euros in reward points, through the antampivi card reward scheme. Points will be redeemable for purchases at the hundreds of merchants participating in the antamoivi scheme.

The benefit of rewarding consistent borrowers - members of the Pronomia program is multidimensional, as it strengthens the purchasing power of individuals on the one hand and indirectly supports the Bank's business customers participating in the reward program on the other.

The program will be available exclusively to customers enrolled in the Pronomia Rewards Scheme. For example, consistent borrowers in the Diamond and Gold tier of the Pronomia program will receive €250 in reward points per €100,000 of loan balance.

Approximately 20,000 Bank customers with loans totaling €1.2 billion will benefit.

The eligibility criteria for the Scheme are:

• Customers must be enrolled in the Pronomia Rewards Scheme and have a floating rate mortgage with a reference to the ECB base rate or Euribor, secured by their main residence. If they have not already done so, they must be enrolled in the Pronomia scheme by November 30, 2024 and belong to the Diamond and Gold tier of the program.
• Customers did not proceed with any restructuring plan of their facilities from September 30, 2022 until December 31, 2024
• The loan must have been performing on June 30, 2024 and remain performing until December 31, 2024

Retail Banking Director Theodosis Theodosiou, commented: "At the Bank of Cyprus, we recognize the challenges our customers face. With the introduction of this new Rewards Program, we want to show our appreciation and help their everyday life. This initiative demonstrates once again our commitment to deliver tangible benefits to our customers, for whom our appreciation is a given and ongoing.”

The Bank of Cyprus had also rewarded its consistent customers in 2023 with a corresponding Program amounting to 2.2 million Euros.

To find out more about the antamoivi and Pronomia reward schemes visit the Bank's website at www.bankofcyprus.com.