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Cyprus’ Central Bank Governor Constantinos Herodotou pointed out on Friday that profitability and the need to find new banking products besides lending, was a big challenge for a small country’s banks. He was speaking at an Economic Policy Forum organized by Cyprus’ main opposition party AKEL. Referring to the future challenges for the banks, he said that geography, provided Cyprus’ banks with less opportunities to find new profitable products, noting that the banks needed to find products other than borrowing to …
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