Press Release
Bank of New York has awarded Bank of Cyprus with the “STP AWARD 2025”, for a fourth consecutive year, in recognition of the high-quality procedures the Bank follows in the area of fund transfers via the SWIFT system.
Bank of New York is one of the correspondent banks with whom Bank of Cyprus cooperates for US dollar transactions. The award was awarded to the Bank in recognition of the fact that 98% of payments were Straight Through Processing, without the need for any non-automated intervention on the part of Bank of New York.
Bank of Cyprus Treasury Director Despina Kyriakidou states that “Bank of New York ranks among the major U.S. financial institutions with worldwide operations. Receiving this award reflects the high standards followed by our Bank the trust that an international organization places in our Group. Our collaboration with Bank of New York further enhances the banking and financial services we provide to business, institutional, and individual clients in Cyprus and internationally.”
