Cyprus banks better placed to face Covid-19, says Bank of Cyprus CEO

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Panicos Nicolaou, CEO of the Bank of Cyprus, the island’s largest lender assured that Cypriot banks will support the economy and economic activity, severely hit by the Covid-19 pandemic, stressing that the island’s banking sector is better placed to face the current downturn. Addressing the 4th Business Leaders Summit, Nicolaou said that businesses and the state alike should prepare for future technological changes “which are coming faster than we anticipated.” On the banking sector, Nicolaou acknowledged that the Cypriot banks are facing …

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