Cynergy Bank is a specialist bank that serves the needs of business owners, property entrepreneurs and family businesses. We recognise that professional and personal lives often overlap and our mission is to help empower our customers to achieve their ambitions by serving all their banking needs.
We put enduring relationships at the heart of what we do. We provide quality products, services and expertise to help our customers manage their interdependent professional and personal financial requirements, whilst embracing the exciting new opportunities available in the industry.
We are proud to be a preferred partner of the Institute for Family Businesses (IFB) whose mission is to help family businesses remain successful for generations to come.
Cynergy Bank was established following the acquisition of Bank of Cyprus UK, which provided services to business customers in the UK since 1955. We have expanded our reach with offices now in London, Birmingham, Bristol and Manchester. We are committed to delivering a comprehensive set of services to meet the evolving needs of our customers and remain a bank focussed on customers, people and relationships.
Workplace Initiatives
- Program for parents returning to work after Parental Leave? No
- Leadership development programs? Yes
- Mentoring programs? Yes
- Coaching programs? Yes
- Employee-led diversity networks? Yes
- Internal women's networking groups? Yes
- Open to discussing flexible work arrangements at interview stage? Yes
- No. of weeks paid maternity leave at full salary: 10 weeks at full weekly earnings followed by 29 weeks at the statutory flat rate
- Minimum weeks tenure required to be eligible for paid maternity leave: 26 weeks' continuous service in the 15th week before the expected week
- No. of weeks paid paternity leave at full salary: 2 weeks
- Minimum tenure required to be eligible for paid paternity leave: 26 weeks' continuous service in the 15th week before the expected week
Diversity Initiatives
Gender pay gap reporting information 2017 (UK):
- Average pay gap: 37.10%
- Median pay gap: 34.70%
- Average bonus gap: Cynergy Bank was established in December 2018; reports have yet to be released
- Median bonus gap: Cynergy Bank was established in December 2018; reports have yet to be released
- Signatory of the UK Women in Finance Charter? No
- Targets to raise the number of women in leadership? Yes
- Targets to raise the number of BAME individuals in leadership? Yes
- Listed in the Bloomberg Diversity & Inclusion Index? No
Returner Programme
We are a company of circa 243 employees, out of which 44.8% is female. Each returner is unique and treated as such. Our line managers are empowered to work with the returner creating an individual programme based on individual circumstances.
Testimonials
'I was experiencing a mixture of positive and negative feelings when I was due to return to work after my maternity leave. However, I was able to work flexibly for the first year (4 days per week) balancing work and family. I was supported by my team transforming the whole situation in a more positive experience, resulting in me being more engaged and effective'. Female Returner
'I was eager to get back to work but didn’t want to miss too much time with my daughter, so have agreed a four day week and combined with the flexible hours afforded to all colleagues means I get the best of both worlds. I’ve felt supported in getting my feet back under the desk and appreciated time taken to ensure my role and development plan remain a good fit'. Female Returner