Eurobank was named “Best Private Bank 2023,” in Cyprus and Greece by the internationally renowned American Global Finance magazine.
A Eurobank press release on Thursday said that the distinction “proves the Bank’s consistently high standard private banking services in the Cypriot and Greek markets.”
Eurobank has received the distinction for the fourth consecutive year for its private banking services in Cyprus. It also won this award for the eighth consecutive time in the Greek market, being constantly a winner since Global Finance instituted the awards.
It is worth mentioning that the bank has been rewarded ten times for its services in private banking in Cyprus and eighteen times in total for the corresponding services in Greece, by internationally recognised bodies, Global Finance magazine being among them.
“This year’s new distinction by the Global Finance magazine also reflects the positive impact the Group’s upgraded Private Banking strategy has in the market. Eurobank is the only Greek financial institution offering a wide range of products and services from four geographical areas, Cyprus, Greece, Luxembourg, and the United Kingdom, to all its Private Banking customers, regardless of where they are,” the bank said.
Eurobank’s “New Generation” private banking model is based on business simplification, and alignment of products, processes, and IT systems, aiming to ensure optimal services and a common experience for all private banking customers, regardless of the country where they choose to keep their investment funds.
The Global Finance Awards bring out the banks, around the global market, that have effectively responded to their Private Banking customers’ needs, presenting strong quality features that made them stand out in their customers’ preferences and develop strong ties with them.
The Global Finance nomination committee selected the winners, considering recommendations from executives and sector specialists as well as key financial matters, such as return on investment, profits, and market penetration. Within the framework of independent international research, assessments of Private Banking customers were also considered as well as the quality of services provided, the overall customer service, competitiveness, and the good knowledge of the market and the regulations governing its operation.
This year’s Global Finance evaluations were based on performance from 1 July 2021, until 30 June 2022. The final results constituted a combination of international independent research and data submitted by banks. The Global Finance awards were officially announced on 19.10.2022 and will be published in Global Finance’s December issue.
The winners will be honoured at a special event in New York in early March 2023.