Politis

Bank of New York Awards Bank of Cyprus with “STP AWARD 2025”

Published January 26, 2026, 08:21
Bank of New York Awards Bank of Cyprus with “STP AWARD 2025”

The Bank of Cyprus has been awarded the “STP AWARD 2025” by the Bank of New York for the fourth consecutive year. The award recognizes the high quality of the Bank of Cyprus's processes in executing wire transfers through the Swift system. The Bank of Cyprus boasts a 98% success rate in automated wire transfers, without the need for manual intervention from the Bank of New York. Despoina Kyriakidou, Head of Cash Management at the Bank of Cyprus, stated that the award demonstrates the high quality of the bank's services and the trust placed in the organization by international entities.