Dialogos

Bank of Cyprus Receives International Recognition

Published January 28, 2026, 06:04
Bank of Cyprus Receives International Recognition

The Bank of Cyprus has been recognized for the fourth consecutive year by the Bank of New York with the 'STP Award 2025', acknowledging the high quality and efficiency of its processes in executing remittances through the SWIFT system. The Bank of New York is one of the main correspondent banks of the Bank of Cyprus for transactions in US dollars. The award was given due to the exceptionally high percentage of remittances – 98% – that were processed fully automatically, without human intervention. The director of the Cash Management Department of the Bank of Cyprus, Despoina Kyriakidou, emphasized that the award reflects the quality of the bank's transactions and the trust shown by an international organization. Cooperation with the Bank of New York further strengthens the banking and financial services offered by the Bank of Cyprus to business, institutional and individual clients, both in Cyprus and abroad.