articles | 18 May 2015

BoC named best sub-custodian Bank

Global Finance Magazine has named Bank of Cyprus Best Sub-custodian Bank on the island for 2015, as part of Global Finance’s annual awards for the World’s Best Sub-custodian Banks for 2015.

The same award was given to Bank of Cyprus in 2012 and 2014, and is a confirmation for the high quality of custody services the lender offers its clients, according to a press release.

The selection of the Best Sub-Custodian Bank is based on various custody service criteria such as quality of services, effective settlementof transactions, and relationship with clients.

The Custody & Trust Unit of Bank of Cyprus offers a comprehensive range of services for most financial markets worldwide, including Cyprus and Greece.

The services offered include safekeeping of titles, settlement of transactions, execution of corporate actions, proxy voting, collection and tax treatment of coupons and dividends.

Bank of Cyprus also acts as a Custodian for Mutual Funds, Alternative Investment Funds, Provident Funds, Pension Schemes, Insurance companies, and Investment companies.

Source: Cyprus Mail

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