Nicosia, Cyprus. Societe Generale Bank Cyprus Ltd (SGBCy) has received two awards from major US financial institutions over two consecutive years for performance in payments.
Awards for payments performance
In 2024, J.P. Morgan awarded SGBCy the ‘2024 QUALITY RECOGNITION AWARD’. In 2025, Bank of New York awarded SGBCy the ‘STP AWARD 2025’.
Recognition for Straight Through Processing
The awards recognize SGBCy’s fully automated Straight Through Processing payments. SGBCy partners with both institutions for correspondent banking services related to US dollar and Euro payments.
Comments on digital transformation and operations
SGBCy Chief Operating Officer Stelios Lambrianou said the digital transformation of the banking sector in Cyprus is imminent and that the awards reflect the bank’s strategic efforts in reengineering and digitalizing customer-centric processes.
Lambrianou said SGBCy operates as a boutique, niche bank focused on local and international corporate business. He added that the bank considers it important to integrate its main customer touch points with back-end services to provide a seamless customer experience.
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