Bank of Cyprus named best for private banking and high-net-worth individuals

The Bank of Cyprus on Monday announced that it once again secured two major distinctions at the Euromoney Private Banking Awards 2026, marking its second consecutive year of recognition.

Specifically, the Bank of Cyprus was named Best Private Bank in Cyprus and Best for High-Net-Worth individuals in Cyprus, repeating its success from 2025.

The awards were granted by Euromoney, a leading provider of competitive intelligence and certification for the global banking and finance industry.

The evaluation period for the awards covered July 2024 to June 2025 and recognised the bank’s achievements in Private and Affluent Banking, including enhanced advisory capabilities and progress in digital initiatives such as digital onboarding.

Particular emphasis was placed on the bank’s PrivilEDGE offering, which has reshaped services for high-income clients in Cyprus by providing personalised relationship management, an enhanced banking experience, and exclusive lifestyle privileges.

“Its simplified pricing, dedicated relationship management, and access to model and bespoke portfolios significantly improved the bank’s ability to meet complex client needs,” Euromoney said.

“Recognition from an international institution such as Euromoney fills us with pride,” stated Christos M. Ioannou, Head of Private and Affluent Banking at the Bank of Cyprus.

“As we know, the difficult part is staying at the top and we have achieved this once again this year, proving our commitment to standing by our clients with dedication, offering exceptional and upgraded banking and investment services and strategies that meet their individual financial goals,” Ioannou explained.

“We continue to evolve and strengthen PrivilEDGE, maintaining the level of excellence that makes us the largest and most reliable financial organisation in the country,” he added.

Euromoney highlighted the bank’s strong performance during the review period, noting clear momentum in growth and client engagement.

“The Bank of Cyprus demonstrated clear momentum during the review period, delivering measurable growth, enhancing its advisory capabilities, and advancing targeted digital initiatives that elevated its private banking offering in Cyprus,” Euromoney said.

A key performance indicator was the 36 per cent increase in assets under management between July 2024 and June 2025, reflecting deeper client engagement, increased inflows, and greater adoption of structured investment services.

This growth signals a shift towards more sophisticated and long-term portfolio management among clients.

“For over 20 years, Euromoney’s Private Banking Awards have represented the highest honour in the industry, recognising those who set the global standard for excellence, innovation, and client service,” the bank concluded.