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Central Bank says banking system in Cyprus is robust
March 21, 2023
The banking system in Cyprus is resilient and will continue to support the real economy, the Central Bank assured President Nicos Christodoulides on Monday.
Christodoulides and Central Bank chief Constantinos Herodotou were holding their first official meeting since the new government took office.
According to a statement, the two discussed ongoing developments, in particular the situation with Credit Suisse. Both men said they were “satisfied” with how Swiss authorities have handled the matter.
During the meeting, Herodotou conveyed to the president that “Cypriot banks have a robust capital adequacy and liquidity.”