Bank of Cyprus Celebrates 125 Years of Resilience and Contribution to National Development
In a notable event commemorating its 125th anniversary, the Bank of Cyprus received high praise for its steadfastness and growth through challenging times. Group chairman Takis Arapoglou highlighted the bank’s journey, emphasizing its dynamic presence and optimistic outlook for the future. Arapoglou proudly spoke of the bank’s commitment to innovation while maintaining its foundational values of “integrity, reliability, professionalism, and cooperation.”
Addressing past hurdles, such as the significant 2013 financial crisis, Arapoglou commended the unwavering effort and dedication of the bank’s employees, which he credited for the institution’s reinforced strength and resolve. CEO Panicos Nikolaou reflected on the bank’s substantial influence on Cyprus’ economic evolution, particularly during pivotal moments in the nation’s history. He stated, “The Bank’s imprint on the modern history of the country is strong and its contribution at critical periods and milestones has been significant.”
Nikolaou also highlighted the bank’s dedication to social responsibility, pointing to initiatives like the establishment of the Bank’s Oncology Centre in 1998 as a testament to their commitment. President Nikos Christodoulides, who spoke at the event, encouraged a collaborative relationship between the government and the Bank of Cyprus. He stressed that such partnerships are crucial for attracting quality investments and creating valuable job opportunities.
Christodoulides also called on the bank to continue its support for those in need, acknowledging the sacrifices made by Cypriot society during the financial crisis. He expressed optimism about the future, citing improvements in the banking sector and the broader economic landscape.
The anniversary event not only served as a platform to reminisce about the bank’s historical journey but also as a kickoff for a series of celebrations. It was attended by prominent politicians and business leaders who joined in recognizing the Bank of Cyprus’s role in shaping the country’s economic development and its vision moving forward.
