Bank of Cyprus won the international Silver Award for Best Compliance Team for 2022 by the International Compliance Association!

Our Bank was initially shortlisted amongst 28 other contestants from all over the world including:

• Lloyds Bank
• APS Bank
• Virgin Media O2
• Shell T&S
• Alfa Bank (Greece)
• Aegean Airlines
• PWC (London)

The judicial committee’s comments in awarding Bank of Cyprus with this prestigious international award were “The supporting information was strong and it was evident from the information supplied that modern, engaging, effective and collaborative compliance is key for this team/organisation.”. 

This is an outstanding achievement not only for the Bank of Cyprus, but also for Cyprus, as Bank of Cyprus becomes the first organization in Cyprus to be internationally accredited as having the most effective, modern and engaging compliance function!

In commenting for this unique award, the Compliance Director of Bank of Cyprus, Mr Marios Skandalis mentioned that this international award is the hallmark of the outstanding performance and results recorded on the area of compliance and governance by the Bank over the last few years, rendering it as one of the most well governed institutions in the region and now globally!