In 1986, Andy Ioannides designed the emblem for the Bank of Cyprus Cultural Foundation. The emblem depicts an archiere or skylight. As the artist himself wrote in an explanatory note, when designing the emblem he took the following considerations into account:

Through its emblem the Bank of Cyprus identifies itself with antiquity and the history of Cyprus, particularly its people (KOINON KYΠPIΩN – ‘Community of the Cypriots’). In the light of that and in the same spirit, the Cultural Foundation of the Bank of Cyprus uses an example of popular expression in art (depiction of part of a small skylight), contributing in this way to a holistic expression of the character of the island.

As is only natural the sun, the kernel of life, should find functional expression in popular art since, over and above its metaphoric importance, it is also a characteristic feature of the country.

The function of the skylight is directly related to the light that metaphorically expresses spiritual being. The very design of the archiere schematically describes the movement of the sun. The square, which is used to portray absolute stillness, surrounds a circle, which expresses perpetual motion. The two shapes (square and circle) are in harmony in their relationship to a common irradiating centre.

If the emblem is used with the words “Bank of Cyprus Cultural Foundation”, the empty external space itself between the figure and the letters denotes the notion of movement, which is proportionate to the internal movement of the design itself.