| Western European regional Awards for Excellence | ||
| Austria | Belgium | Cyprus |
| France | Germany | Greece |
| Ireland | Italy | Luxembourg |
| Netherlands | Portugal | Spain |
| Switzerland | United Kingdom | |
 |
Best bank: Bank of Cyprus |
Bank of Cyprus is not only the largest bank in the country but also the best run. With net income growth of 55%, a cost to income ratio of 43.6% and a return on equity of 27.6%, it is hard to fault.
The group has also succeeded in gaining market share at home, growing its share of total loans, for example, 2.3 percentage points to 29% in 2007.
Bank of Cyprus has also been expanding in Greece, with a strategy focused on housing and consumer loans, which it managed to increase by 31% and 23% respectively.
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