Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named Bank of Cyprus the Best Bank in Cyprus in its 2025 Awards for Excellence. This is the 10^th year that Bank of Cyprus has been recognised by Euromoney as Cyprus’ Best Bank.

This award, for which the evaluation period ran from 1 January 2024 to 31 December 2024 recognises the Bank’s significant achievements in 2024. These include:

• a shareholder distribution of €241 mn, almost double the distribution paid in 2023;
• an upgrade to the Bank’s Distribution Policy to include a target 50-70% payout ratio from 2025;
• the successful listing of the Bank’s shares on ATHEX, increasing the visibility of the Bank and the liquidity of its shares;
• the introduction of several innovative products and services, such as the Bank’s Digital Housing Loan, Fleksy (its buy now pay later solution), Joey (the banking app for 9 to 17 year olds), as well as the B2C marketplace on Jinius and;
• the issuance of its inaugural €300mn green bond, which will deliver significant financing for sustainable projects in Cyprus.

Commenting on the award, Panicos Nicolaou, CEO of Bank of Cyprus said:

“It is an honour for Bank of Cyprus to be named Cyprus’ Best Bank by Euromoney for the 10^th year. This international recognition reflects our determination to drive digital innovation providing our customers with new products and services and an enhanced experience, to lead the sustainable transition in Cyprus and to deliver value to our shareholders. We remain fully focused on supporting our customers and the Cypriot economy while delivering attractive returns to our shareholders.”