Wednesday, April 3, 2013

Bank of Cyprus awarded by Euromoney !

Bank of Cyprus received in 2012 an award from Euromoney as the Best Private Bank in Cyprus.
What is really funny is the last sentence of the advertising :
"This recognition by Euromoney is ever more important in today's macroeconomic environment as it reaffirms the Bank's ability to safely and successfully respond to its client's financial needs and emphasizes its clients' loyalty and trust."
Depositors at Bank of Cyprus are expected to loose up to 60% of their assets.
Private Banks, which paid a lot of money in order to proudly wave their Euromoney awards, should quicly remove any reference to this dodgy achievement.
Thank you Euromoney for this comic moment !

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