The Hellenic Bank said on Thursday that it has been awarded the “Best Corporate Governance Cyprus 2015 Award” by Capital Finance International journal (CFI.co)
“The bank not only emerged from the recession, it deftly managed its affairs without appealing to bailout funds or other forms of state support. Hellenic Bank Group was the only Cypriot financial institution to do so, thus affirming its unique position” the journal said in an announcement cited by the Bank.
It noted that the Bank has a comprehensive governance framework ensuring full transparency and is now primed for expansion.
“The key to the Hellenic Bank Group’s enduring success remains good corporate governance with the active involvement of all stakeholders and full compliance with global standards,” it said.
The CFI.co judging panel considers the Hellenic Bank Group “a most inspiring leader of the Cypriot financial sector.
This recognition comes in addition to “The Best Bank in Cyprus for 2015” award recently received from Global Finance Magazine.
ENDS, CYPRUS NEWS AGENCY