Prestigious Recognition from Citibank

50-Year Foreign Correspondent Banking Relationship for US Dollar Clearing

Bank of Cyprus, the leading financial institution of Cyprus, committed to excellence and innovation, is proud to announce that it has been honored by Citi with a prestigious award in recognition of their enduring 50-year correspondent banking relationship for US dollar Clearing. This significant milestone not only symbolizes the strength and trust that underpins the partnership with Citi, but also highlights the Bank of Cyprus' dedication to fostering international financial connections and delivering exceptional services to clients worldwide.

For half a century, Bank of Cyprus and Citi have worked collaboratively to build a mutually beneficial partnership founded on shared values, professionalism, and a commitment to providing world-class financial solutions. This award from Citi serves as a testament to Bank of Cyprus' unwavering commitment to delivering excellence in correspondent banking and facilitating seamless global transactions.

The 50 years milestone was celebrated at the Citi Financial Institutions Global Conference, hosted by Citi in Athens. Around 200 leading financial professionals from 60 countries attended the event. Participants were representing renowned financial institutions that maintain a correspondent banking relationship with Citi.

Bank of Cyprus was the only bank from Cyprus to receive the recognition along with leading international banks. 

“We are extremely proud of our long standing relationship with Bank of Cyprus. At Citi, we never take our client relationships for granted and when you reach such a significant milestone of 50 years, it is a testament to our partnership, mutual respect and understanding. We look forward to the next 50 years and continuing to enable the future of commerce for Bank of Cyprus and its clients,” said Ashish Bajaj, Global Head of FI and Fintech Sales, Treasury and Trade Solutions, Citi.  Emilios Kyriacou, Citi Country Office for Greece, Cyprus and Malta congratulated Bank of Cyprus and added “This anniversary is a strong testament to our long standing and tested commitment to the Cypriot market, as well”.

Despina Kyriakidou, Director Treasury of Bank of Cyprus, expressed her gratitude and appreciation for the recognition received from Citi, stating, "We are truly honored to be recognized by Citi for our long-standing partnership. This award reflects our commitment to excellence in correspondent banking and our ongoing dedication to providing our customers with exceptional financial services. We are proud of the trust and confidence that Citi has placed in us over the past 50 years, and we look forward to continuing our successful collaboration in the years to come."

Bank of Cyprus will continue to leverage its expertise and global network to drive innovation, enhance customer experiences, and strengthen its correspondent banking relationships.