The international publication Global Finance, which specializes in finance and the banking sector, has published a ranking of the best banks in the world. The bank competed among 23 Western European countries.
The ranking takes into account various factors. For example, asset growth, innovation, international presence, profitability. In addition, various specialists and consultants working in this field gave their subjective assessment. The Spanish CaixaBank was recognized as the best bank in Western Europe.
Bank of Cyprus was awarded as the best bank and best investment bank on the island. The bank demonstrated strong performance and made a profit of €487 million in 2023.