The award, which the Bank of Cyprus has won for the fourth year running, is given in recognition of excellent funds transfer processes under SWIFT. In its statement, the bank noted that “JP Morgan is one of the correspondent banks with whom the Bank of Cyprus works for transactions in US dollars”.

Commenting on the award, Despina Kyriakidou, Director Treasury at Bank of Cyprus, said that “providing quality services to customers and partners alike, is the cornerstone of all our efforts”. “Particularly when it comes to working with correspondent banks, we demonstrate on a daily basis that we are a reliable partner to the largest banking groups globally,” she added. “We will continue to provide excellent services, while applying the highest international compliance standards,” Kyriakidou concluded.

Source: Cyprus Mail