Blog
Bank of Cyprus receives quality award from JP Morgan
February 16, 2023
The Bank of Cyprus on Wednesday announced that it recently received the Quality Recognition Award from global finance giant JP Morgan Chase Bank, in recognition of the bank’s excellence in money transfer procedures through the SWIFT system.
The company explained that JP Morgan is one of the correspondent banks with which the Bank of Cyprus cooperates for dollar transactions.
The excellence award was given to the Bank of Cyprus due to the fact that nearly 100 per cent of the payments it processed were automatically approved without the need for any non-automated intervention on the part of JP Morgan.