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Herodotou: Bank system stable with strong cash flow
April 28, 2023
Central Bank of Cyprus (CBC) Governor Constantinos Herodotou told a panel discussion that Cyprus’ banking system was now stable with one of the highest liquidity levels in the EU, and was not under any particular threat.
He was analysing the main challenges faced by Eurozone monetary policymakers during a discussion at the 8th Delphi Economic Forum, which was also joined by Luis de Guindos, Vice-President of the European Central Bank (ECB)
Responding to a question, Herodotou said the local banking system had now entered an era of stability and was not under any particular threats. “When it comes to Cyprus’ banking sector, we have one of the highest liquidities in the EU,” he added.