Cyprus banks need to be more imaginative

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Cyprus banks need to be more imaginative
 © FinancialMirror 2020
Cyprus Central Bank Governor Constantinos Herodotou argues profitability and the need to find new banking products besides lending, is a big challenge for banks of a small country.

He said that geography, provided Cyprus’ banks with fewer opportunities to find new profitable products, but banks needed to find products other than borrowing to boost their profitability within sound risk management

Herodotou said Cyprus was lagging effective process of legal transactions and that Cypriot banks had to improve the enforcement of regulations that apply...


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This article was automatically added to our system 17-2-2020

Cyprus banks need to be more imaginative


The contents of this article including any associated images are © FinancialMirror 2020
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