The Bank of Cyprus Private Banking Division wins the prestigious award 'Best Private Bank in Cyprus' from 'Euromoney' magazine for the second year in a row.

The highly respected international financial magazine 'Euromoney', in its 2005 survey covering the Private Banking sector, has ranked Bank of Cyprus Private Banking as the top institution in Cyprus and has awarded it the first prize of ?Best Private Bank in Cyprus? for the second year in a row.

Bank of Cyprus Private Banking offers high-quality international investment, banking and other financial services with impeccable professionalism and confidentiality. These services are addressed to high net worth individuals as well as institutional investors.

A full range of deposit products in all major currencies is offered in Cyprus, Greece, the United Kingdom and the Channel Islands. Through a pioneering cooperation with UBS, the largest bank in Switzerland, investors are offered a wide range of international mutual funds. These mutual funds cover almost all major equity, bond and money markets around the globe.

The range of investment products offered by Bank of Cyprus Private Banking also includes a continuously enriched spectrum of innovative capital-guaranteed products, which offer the opportunity of high returns without the risk of capital losses. Multi-manager hedge funds are also offered. These hedge funds provide the opportunity to achieve absolute positive returns, regardless of the performance of international stock markets.

Bank of Cyprus Private Banking also offers global brokerage services, providing easy access to dealing in securities listed on all major stock markets around the world.